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California Banking News. Service for global professionals. Constantly updated news and information about California.
Latest California Banking News
- Business Forum: Bankers hold houses, manipulate market (Yesterday) 15 Nov 2009 06:10 GMT
... Business Forum: Bankers hold houses, manipulate market In the ... draw out the process. This benefits the banks because they can postpone writing down toxic ... commercial real estate appraisal firm in Ventura, Calif. "Money Q&A" and "Company Town" are featured exclusively ...
- Pace of mortgage help rising but still slow 15 Nov 2009 06:12 GMT
... PLANO, Texas —Shontaye Edwards spends her day in a ... administration's program has been riddled with problems. Banks could not hire and train employees fast ... a retired and disabled veteran from Clovis, Calif., has been trying since spring to get ...
- Federal regulators shut down two Florida banks 15 Nov 2009 04:30 GMT
... Federal Regulators Shut Down Two Florida Banks Federal regulators shut down two Florida banks ... parent of East West Bank of Pasadena, Calif., agreed to buy all of United Commercial's ... their loans. Failures have been concentrated in California, Georgia and Illinois. If the economic recovery ...
- Iberiabank purchases 2 U.S. banks as failures reach 123 15 Nov 2009 05:33 GMT
... Dakin Campbell, Bloomberg Iberiabank purchases 2 U.S. banks as failures reach 123 Iberiabank Corp., the Louisiana-based ... the past year. Sunwest Bank of Tustin, California, also purchased a failed bank in its ...
- Regulators shut two banks in Fla., one in Calif. 15 Nov 2009 04:30 GMT
... NEW YORK (AP) — The FDIC fund is expected to ... hundreds of millions of dollars after three banks crumbled Friday. Regulators have shut down Florida's ... and Sarasota-based Century Bank, and San Clemente, Calif.'s Pacific Coast National Bank. That brings this ...
- Short sales are a waiting game 15 Nov 2009 07:16 GMT
... were previously foreclosed homes later sold by banks, known as “real estate owned” or REO. ... said Dustin Hobbs, a spokesman for the California Mortgage Bankers Association. For example, foreclosure can ... multiple lenders involved, said Hobbs at the banking association. In recent years, home loans often ...
- Commercial real estate woes imperil US recovery 15 Nov 2009 05:52 GMT
... lease in a shopping mall in Fontana, California. Even as some sectors of the US ... May," Moody's said. According to the Mortgage Bankers Association, loans for commercial and multifamily property ... may dent the overall economy, by hitting banks exposed to the sector and leading to ...
- Recession spurs scams on seniors 15 Nov 2009 07:11 GMT
... from $150 and up. The scammers are banking on the fact that some people may ... number of elderly people falling victim to mortgage and property tax scams surfacing over the ... feature a panel of experts from the California departments of insurance, real estate, utilities, Consumer ...
- Latest bank failures bring year's total to 123? 15 Nov 2009 08:16 GMT
... Press WASHINGTON — Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number ... Pacific Coast National Bank in San Clemente, Calif., was also shut down. It had $134.4 ...
- Energy chief: We need more leaders 15 Nov 2009 02:52 GMT
... scene increase as the city's other anchor, banking, has stumbled. But Rogers says he doesn't ... ourselves to saying it's energy dominant over banks. I would like to say it's banks ... Commerce may not be very important in California or New York, but it is very ...
- John Paulson Buys Citigroup Inc., Varian Inc., Cemex, Sells Centex Corp., State Street Corp., Goldman Sachs 15 Nov 2009 05:17 GMT
... Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to ... originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt ... is a bank holding company that operates banking offices and ATMs throughout Indiana, Illinois, Ohio, ...
- US Attorney - Former Executive at Colorado Home BUilding COmpany Admits Role in $16 Million 'Builder Bailout' Scheme 15 Nov 2009 00:33 GMT
... LawFuel.com - Southern California Loan Officer, Real Estate Agent Linked to ... to Scheme in Which Unqualified Buyers Obtained Mortgages for Luxury Homes LOS ANGELES – The ... To conceal the illegal kickbacks from the banks, Serrano and others would record bogus second ...
- Obama can't avoid stubborn yuan as dollar swamps Asia 15 Nov 2009 05:11 GMT
... China's fixed-rate policy, which has prompted central banks in India, South Korea, Thailand and Taiwan ... at Franklin Templeton Investments in San Mateo, California, and whose $13.2bn Templeton Global Bond Fund ... the Connecticut Democrat and chairman of the Banking Committee responded: "He's got to raise that ...
- Across the country, builders are donwsizing new construction 15 Nov 2009 06:12 GMT
... housing market continues to drag, with the Mortgage Bankers Association reporting last week that applications for ... Communities, a privately owned developer in Southern California, plans to unveil a 2,900-square-foot, $1 million-plus ...
- Nic Cage loses NoLa homes to foreclosure 15 Nov 2009 00:15 GMT
... the houses. Cage owed $5.5 million in mortgage payments and $151,730 to the City of ... Cage filed a lawsuit against Levin in California claiming that Levin duped the Hollywood actor ...
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