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Insurance Mortgage Newsinsurance mortgageFederal 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 Beach, and ... Read moreUS Bank takes over 2 shutdown California thrifts - Duluth News TribuneNov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ... Read moreCommercial-Mortgage-Securities Holders Blame Paulson (Update1) - BloombergType [All Categories] Accounting Advertising Agency Air Cargo And Package Air Conditioning Air Lines Alarm Systems Appraisals Arab Airlines Attorneys Automobiles Bakeries Banks Beauty Salons Book Stores Bridal Broadcasting / Video / Audio Butchers ... Read moreARAB BUSINESS SEARCH - Nashra USAWASHINGTON, Nov 21 (Reuters) - U.S. banking regulators seized California banks Downey Savings and Loan and PFF Bank & Trust late Friday as the housing crisis claimed two more victims from the financial crisis. U.S. Bancorp took over the two banks ... Read moreUPDATE 1-U.S. Bancorp acquires deposits of failed Downey, PFF - FXStreet.comWASHINGTON -- Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds ... Read moreGovernment launches new mortgage aid effort - Chico Enterprise-RecordWASHINGTON - Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million American households avoid foreclosure. Where to find that ... Read moreFDIC urges mortgage relief - Cincinnati.comNov. 14 (Bloomberg) -- Hartford Financial Services Group Inc., the insurer that had a $2.6 billion third-quarter loss, jumped 21 percent in New York trading after agreeing to buy a bank and gain eligibility for the Treasury bailout program. Hartford ... Read moreHartford Jumps 21% on Plan to Buy Bank, Seek U.S. Aid (Update2) - BloombergWASHINGTON – Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan. 9 ... Read moreFannie Mae, Freddie Mac halt foreclosures for the holidays - Dallas Morning NewsDeep in the grim economic forecast University of Michigan economists delivered on Friday was a sobering reality for state residents who remember the recession of the early 1980s: It's getting just as bad here now. U-M economist George Fulton predicts ... Read moreEconomic summit predicts '80s-like slide for state - MLive.comThe US banking system regulator Friday proposed a 24.4 billion-dollar program to restructure troubled home loans to avert foreclosures. The Federal Deposit Insurance Corp. said the effort could, through 2009, avert 1.5 million home foreclosures ... Read more |
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