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California Mortgage News is an EIN News Service for banking industry professionals. Constantly updated news and information about California Banking.
Latest California Mortgage News
- UPDATE 2-Big California bank fails, has China branches 7 Nov 2009 06:56 GMT
... WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches ... fail this year. Regulators closed four other banks on Friday, in Georgia, Michigan, Missouri and ... 2008 while suffering from losses from soured mortgages and liquidity problems. (Reporting by Charles Abbott ...
- UPDATE 1-Big California bank fails, has China branches 7 Nov 2009 05:14 GMT
... WASHINGTON, Nov 6 (Reuters) - United Commercial Bank, a big San Francisco bank with branches ... fail this year. Regulators closed four other banks on Friday, in Georgia, Michigan, Missouri and ... 2008 while suffering from losses from soured mortgages and liquidity problems. (Reporting by Charles Abbott; ...
- Big California bank fails, has China branches 7 Nov 2009 05:54 GMT
... WASHINGTON, Nov 6 - United Commercial Bank, a big San Francisco bank with branches ... fail this year. Regulators closed four other banks on Friday, in Georgia, Michigan, Missouri and ... 2008 while suffering from losses from soured mortgages and liquidity problems. (Reporting by Charles Abbott; ...
- Five more banks fail - 120 for the year 7 Nov 2009 04:02 GMT
... of losers. NEW YORK (CNNMoney.com) -- Five banks failed late Friday, bringing the 2009 tally ... The biggest to fall was United Commercial Bank of San Francisco, which had 63 U.S. ... to be processed, and borrowers should make mortgage and loan payments as usual. United Commercial's ...
- Five more banks fail 7 Nov 2009 14:21 GMT
... of losers. NEW YORK (CNNMoney.com) -- Five banks failed late Friday, bringing the 2009 tally ... The biggest to fall was United Commercial Bank of San Francisco, which had 63 U.S. ... to be processed, and borrowers should make mortgage and loan payments as usual. United Commercial's ...
- HUD Alleges Further Mortgagee Violations 7 Nov 2009 17:37 GMT
... Department of Housing and Urban Development's (HUD) Mortgagee Review Board (MRB) has again , this ... that HUD alleged violated FHA requirements. Irvine, Calif.-based Nations Direct Mortgage has agreed to pay ... in the two loans at issue. US Bank, a Minneapolis-headquarted federal savings bank and Ginnie Mae issuer, ...
- Countrywide mortgage fraud 7 Nov 2009 10:52 GMT
... finally going to face the music for mortgage fraud And it is about time. All ... to its acquisition the following year by Bank of America Corp (BAC.N) for $2.5 billion. Mozilo's ... Mozilo, U.S. District Court, Central District of California, No. 09-3994. (Editing by Steve Orlofsky) There ...
- Talking Our Way Out of the Great Recession 7 Nov 2009 06:53 GMT
... Bush Administration began bailing out the defaulting banks. Secretary of the Treasury Hank Paulson, no ... and Citicorp (not to mention Wachovia and Bank of America and several others) also gasping ... all that brings to our vastly over mortgaged domestic economy. The natural excesses of the ...
- U.S. Budget Deficit Debt Crisis, Austrian, East European or Glide Option Solution? 7 Nov 2009 10:12 GMT
... choices over the past decade. We allowed banks to overleverage and, in the case of ... entire financial system at risk. We gave mortgages to people who could not pay them, ... a market.) This bill reads as if bank lobbyists wrote it. Where is the populist ...
- The Glide Path Option 7 Nov 2009 22:14 GMT
... choices over the past decade. We allowed banks to overleverage and, in the case of ... entire financial system at risk. We gave mortgages to people who could not pay them, ... a market.) This bill reads as if bank lobbyists wrote it. Where is the populist ...
- Freddie Mac Posts Loss, Says It Doesn't Need Aid 7 Nov 2009 07:37 GMT
... , the mortgage-finance company in government conservatorship, posted a narrower ... 2.6 million defaults, scheduled foreclosure auctions or bank repossessions occurred in the first nine months ... mortgages from lenders, freeing up cash at banks to make more loans. They profit on ...
- Redwood Trust scores $27 million profit in third quarter 7 Nov 2009 10:18 GMT
... bubble burst, Redwood purchased residential and commercial mortgages, packaged them as securities and sold them ... for mortgage-backed securities is due to traditional banks, hedge funds and newly formed real estate investment ... (c) 2009, The Marin Independent Journal, Novato, Calif. Distributed by McClatchy-Tribune Information Services. For reprints, ...
- Lone Star State is new retirement hot spot 7 Nov 2009 20:56 GMT
... After trying out Atlanta, Miami and Southern California, Lilian Junco decided that Texas was the ... oil industry crash had left the state's banks too shaken to go on the home-mortgage binge that ended up crippling so many ...
- 2010 elections: Democratic fears, Republican hopes 7 Nov 2009 16:12 GMT
... campaign rally for Corzine at the Susquehanna Bank Center in Camden, N.J. Oh, how the tables ... Republicans in several states, including Florida and California, while liberals are taking on Democratic moderates ... Chris Dodd in Connecticut, hampered by a mortgage controversy; Arlen Specter in Pennsylvania, the party-switching ...
- BRAXTON AND HUSBAND SPLIT? 7 Nov 2009 02:59 GMT
... home after she allegedly defaulted on her mortgage payments. The singer owes more than $12,500 ... (£7,800) on her mansion in Century City, California and officials at the Bank of America are now looking to foreclose on ...
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