Wednesday Dec 9 | Whittier Daily News
Bill holds hope for IndyMac depositors
The House Rules Committee today will consider an amendment to a Wall Street and consumer protection bill that would increase bank deposit insurance to $250,000 retroactive to July 11, 2008.
Homeowners demonstrate against bank in Pasadena
A group of nearly 30 homeowners converged on the Pasadena offices of OneWest Bank this week to protest the bank's alleged refusal to modify their mortgage loans.
Are Lenders "Cherry Picking" Loan Modifications for Homeowners Facing Foreclosure?
Homeowners are in a race with the foreclosure clock. Often many lose. Loan modifications on the most delinquent borrowers are not being done in time to save their homes.
Former IndyMac trustee files lawsuit against bank executives
A former trustee of defunct IndyMac Bank's parent company has sued the bank's former CEO and members of its board, claiming they "recklessly" mismanaged it even when they had chances to save it from one of the largest bank failures in U.S. history.
IndyMac execs slapped with lawsuit
An ex-trustee of IndyMac Bancorp has sued the bank's former CEO and directors of its board, claiming they recklessly mismanaged it even when they had chances to save the Pasadena-based outfit from one of the largest bank failures in U.S. history.
Bank Buyout Boom Stalls Before It Starts
In January, when the Federal Deposit Insurance Corp. announced it had sold IndyMac Bancorp to a group of buyout firms, it looked like it could be the start of something big.
Ally Bank builds deposits, needles rivals
GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.
GMAC's Ally Lampoons Kid-Cheating Lenders, Woos Depositors With Top Rates
GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.
CurbedWire: Echo Park Weedy Lot, Kor Hotel Group Changes Name
ECHO PARK : Anyone who lives in Echo Park knows about the stallage of The Durbin, developer Angeles Group's townhome project at 1631 N. Echo Park Avenue.
Closing Update for Tuesday, Sept. 29: Dow Fronts Narrow Losses
C sells Portuguese card business to Barclays . WAG meets with Q4 results. MSHL says NV-128 mTOR inhibitor shows good safety profile.
FDIC had eye on New Frontier's 'hot money'
Tribune file photo New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007.
CIT jumps 13% on report of possible IndyMac tie-up
CIT Group Inc. shares jumped 13% Tuesday after a report that the struggling lender could merge with IndyMac Federal Bank.
Our View: The trouble with IndyMac
FIRST things first: The mortgage-banking crisis that nearly sunk our economy was not merely a function of lack of government oversight.
Report cites lax oversight of IndyMac
The Federal Deposit Insurance Corp. failed to take aggressive action when IndyMac Bank began to unravel under the weight of its failed loans, a newly released report says.
A foreclosure on hold as a couple holds on
Nick Illich, no stranger to bad news, might be on the verge of getting some good news regarding the hugely troubled mortgage on his Mayfair home.
Ventura County Star Top Stories
Affinity Bank reopens under new ownership
It was all news to Socher, who was there to make a deposit. "I feel sad that another bank failed," she said.
On the House: Next loss could be their house
Life has not been kind to Nicholas and Kathleen Illich of Mayfair. Nick, 58, had a stroke a few years back and cannot work.
FDIC Cuts Required Capital Ratio to 10% for Buyers of Failed U.S. Lenders
The Federal Deposit Insurance Corp. approved guidelines for private-equity firms to buy failed banks, opening a growing pool of failing lenders to new buyers and limiting costs to the agency and the industry.
Prospect Mortgage Extending Originations to the Midwest
The Sherman Oaks, Calif.-based company added it will open new branches in the Chicago area and in Wisconsin and northwest Indiana.
The Pension Benefit Guaranty Corporation has taken control of the defined benefit pension plan of IndyMac Bank , P&I report.
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