Mr. Cooper (COOP) 10-Q 2007 Q2 Quarterly report

EXHIBIT 99.1

WASHINGTON MUTUAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
	(dollars in millions)
Earnings, including interest on deposits(1):
Income from continuing operations before income taxes	$	1,240		$	1,148		$	2,479		$	2,682
Fixed charges	2,756			2,922			5,726			5,509
	$	3,996		$	4,070		$	8,205		$	8,191
Fixed charges(1)(2):
Interest expense	$	2,714		$	2,875		$	5,641		$	5,416
Estimated interest component of net rental expense	42			47			85			93
	$	2,756		$	2,922		$	5,726		$	5,509
Ratio of earnings to fixed charges	1.45			1.39			1.43			1.49
Earnings, excluding interest on deposits(1):
Income from continuing operations before income taxes	$	1,240		$	1,148		$	2,479		$	2,682
Fixed charges	1,033			1,461			2,231			2,827
	$	2,273		$	2,609		$	4,710		$	5,509
Fixed charges(1)(2):
Interest expense	$	2,714		$	2,875		$	5,641		$	5,416
Less: interest on deposits	(1,723		)	(1,461		)	(3,495		)	(2,682		)
Estimated interest component of net rental expense	42			47			85			93
	$	1,033		$	1,461		$	2,231		$	2,827
Ratio of earnings to fixed charges	2.20			1.79			2.11			1.95

(1)As defined in Item 503(d) of Regulation S-K.

(2)Fixed charges exclude interest expense on uncertain tax positions which is included as a component of income taxes in the Consolidated Statements of Income.