Print Page Close Window

Earvin 'Magic' Johnson in Newark Wednesday for Urban Home Ownership Initiative
A   WHAT: Earvin "Magic" Johnson, Chairman and CEO of Johnson
Development Corporation (JDC) and former star of the Los Angeles
Lakers, will join executives from Washington Mutual and local Newark
residents for the grand opening of the first home loan center in
Newark, N.J. to bring the dream of home ownership to the city's
underserved communities.

A   Mr. Johnson's mission to improve the quality of life for families
in urban areas is now expanding beyond African Americans to members of
the Latino and Asian communities. The Washington Mutual Home Loan
Center in Newark is the 26th to have risen in an inner-city urban
neighborhood.

A   Wednesday's opening also marks the introduction of a free,
four-part financial education and credit-building program called Solid
Start(TM). Upon completion of Solid Start, the prospective homebuyer
will be in a good position to be approved for his or her first home
loan.

A   WHEN: Wednesday, September 28 at 11:00 a.m.

A   WHERE: Washington Mutual Newark Home Loan Center
           570 Broad Street, Newark, N.J.

A   WHO: -- Earvin "Magic" Johnson, Jr., Chairman and CEO, Johnson
            Development Corp.

         -- Tony Meola, executive vice president of home lending,
            Washington Mutual

         -- Residents of Newark, NJ

A   WHY: In 2003, JDC and Washington Mutual began a partnership to
help people in underserved communities realize the dream of home
ownership. Together they have opened 25 home loan centers in New York
City, Washington, D.C., Atlanta, Chicago, Los Angeles, the Bay Area,
Houston, the Inland Empire, and now Newark. The new Newark home loan
center is located in the heart of an underserved community that needs
it most, and will be staffed by multi-lingual members of the
community.

SOURCE: Washington Mutual

Washington Mutual, 
Missy Cousino, 713-594-9332
or
Peter Himler, for Washington Mutual, 516-729-6461