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California Mortgage Loans Newscalifornia mortgage loansWASHINGTON - The Federal Deposit Insurance Corp. will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan. The directors of the FDIC voted Friday to approve the plan, which is ... Read moreFDIC OKs backing for bank debt, deposits - Reading EagleWASHINGTON (AP) - U.S. regulators have shut down two banks based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport Beach ... Read moreUS regulators shut 2 California banks - PR InsideWASHINGTON - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport ... Read moreFederal regulators shut 2 California thrifts - Sioux City JournalNov. 22 (Bloomberg) -- Seizure and sale of Downey Financial Corp. and two smaller lenders may cost the FDIC more than $2 billion as foreclosures rise and home prices extend declines in the worst housing slump since the Great Depression. U.S. Bancorp ... Read moreDowney Seized, Sold to U.S. Bancorp as Mortgage Fallout Spreads - BloombergWashington, Nov 22: Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in ... Read moreUS regulators shut 2 California thrifts - Zee NewsSan Francisco, CA, November 22, 2008 --( PR.com )-- KeepandShare.com ( http://www.keepandshare.com ) today announced its free online banking information center. Available immediately, KeepandShare's new online banking information center combines ... Read moreConsumers in Crisis: Free Online Banking Information Center - PR.comCalifornia Democrats who control the state Assembly said on Tuesday they would push for a 120-day moratorium on foreclosures after mortgage default notices have been filed, compared with a 90-day stay proposed by Gov. Arnold Schwarzenegger. The rival ... Read moreCalifornia Lawmakers Urge 120-day Foreclosure Halt - HispanicBusiness.comA new survey from First American CoreLogic, a real estate data company, has concluded that nearly a quarter of all homes with mortgages are worth less than what is owed on the loans. According to the data, which were first reported in the New York ... Read moreCommentary: Fewer and fewer options as housing crisis deepens - Madera TribuneNEW YORK, Nov 18 (Reuters) - Two of the largest loans in recent commercial mortgage-backed securities, including one financing two Westin hotels, are close to default, according to Credit Suisse analysts. A $209 million loan for Westin hotels in ... Read moreTwo CMBS loans headed for default -Credit Suisse - ReutersNov. 21 (Bloomberg) -- Downey Financial Corp. , the California thrift crippled by bad mortgages, and smaller PFF Bank & Trust were closed by regulators today and taken over by U.S. Bancorp at an estimated cost to the FDIC of $2.1 billion. U.S ... Read more |
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