National City posts $1.76 billion loss for quarter
8 hrs ago | via Lansing State Journal
NEW YORK - Regional bank National City Corp. on Thursday reported a $1.76 billion loss for the second quarter, as mortgage loans soured and it took a big charge related to previous acquisitions.
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National City Corporation,
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Irwin to sell home equity loans for $1B
2 hrs ago | via IBJ.COM
Columbus-based Irwin Financial Corp. said late yesterday that it has struck a deal to sell $1 billion of home equity loans to a New York firm and to securitize an additional block of loans with the same firm.
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New York,
Irwin Financial,
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For the Record: News and Notices from Local Elected OfficialsJuly 24, 2008
13 hrs ago | via The Brooklyn Daily Eagle
Assemblywoman Janele Hyer-Spencer , Assemblyman Michael Cusick and Assemblyman Matthew Titone announced the Assembly passed legislation addressing the subprime mortgage crisis and providing some assistance to ...
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Subprime Mortgage Crisis,
Home,
Mortgage,
Mortgage,
Personal Finance,
Foreclosures,
New York
Fed Report Portrays Grim Economy
22 hrs ago | via Realtor Magazine
The Federal Reserve's Beige Book report for the latest six-week period portrays the economy as increasingly weak across most of the U.S. All 12 districts reported slower home sales, continuing big inventories ...
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Housing,
New York,
Mortgage,
Home
National City Rises as Chief Executive Says Bank Has `Sufficient Capital'
22 hrs ago | via Bloomberg
National City Corp. rose as much as 11 percent in New York trading after Chief Executive Officer Peter Raskind said the bank, Ohio's largest, has enough capital to survive the credit-market contraction.
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New York,
Home,
Mortgage,
Mortgage,
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National City Corporation,
Banking,
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IndyMac Bancorp