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Latest California Banking News
- Policies at WaMu's Long Beach Mortgage invited fraud 30 Dec 2009 05:34 GMT
... at a conference table in a Northern California office building, Kosch reviewed a huge stack ... while, said it was obvious to any banker that the loans being made were doomed. ... a new plan. He would let other banks have the barely profitable conventional loans. Instead, ...
- Clayton-based First Banks fails to sell Texas operation 30 Dec 2009 08:05 GMT
... Clayton-based First Banks fails to sell Texas operation First Banks' ... First Banks' plan to sell its Texas banking operation fell through on Monday. The Clayton-based ... release. Troubled by large losses, largely in California development loans, First Banks has been trying ...
- Contra Costa Times, Walnut Creek, Calif., Drew Voros column: Voros: Feds work OT behind housing curtains 30 Dec 2009 01:53 GMT
... Dec 29, 2009 (Contra Costa Times - McClatchy-Tribune Information Services ... Fannie and Freddie, a fix for the mortgage market would always be at the ready." ... (c) 2009, Contra Costa Times, Walnut Creek, Calif. Distributed by McClatchy-Tribune Information Services. For reprints, ...
- Special Report | Part two: WaMu: Hometown bank turned predatory 30 Dec 2009 07:15 GMT
... end these sorts of abuses, but the banking lobby and even federal banking regulators are opposed. Banks say more regulation would kill innovation. "I ... card, reached an independent mortgage broker in California, and made all the arrangements over the ...
- Anti-foreclosure program may be coming to Lexington 30 Dec 2009 06:51 GMT
... The two sides met and changed the mortgage to a 40-year loan with 2 percent ... national rate of 1 in 119 in California, according to RealtyTrac. Still, Fayette Circuit Court ... Christopher Hill and Associates in Frankfort, represents banks and mortgage service companies in foreclosure actions. "So ...
- Commercial market to infect housing? 30 Dec 2009 08:06 GMT
... and an ensuing credit crisis gripped the banking sector. Immediately, the residential real estate bubble ... of Highridge Partners Inc. in El Segundo, Calif., since his company has been actively buying ... been actively buying up finished lots throughout California. I was curious whether he would agree ...
- Home-equity loans harder than ever for homeowners to get 30 Dec 2009 08:03 GMT
... Hocking the house for quick cash is a lot ... garage at his home in Oak Park, Calif. He planned to pay for the project ... The situation is a mess for the banking industry, too. Home-equity lending gained popularity after ...
- Expect More Bailouts in 2010 30 Dec 2009 06:35 GMT
... Once you've bailed out wealthy Wall Street bankers (and there are a handful of Federal ... On November 12th the FDIC mandated that banks pay three years of their insurance premiums ... seem to go hand in hand. While California's budget woes are well known, there are ...
- Preferred Bank Reports Revisions to Third Quarter Results and Fourth Quarter Guidance 30 Dec 2009 12:40 GMT
... focusing on the Chinese-American and diversified Southern California mainstream market, today reported that as a ... is one of the largest independent commercial banks in California focusing on the Chinese-American market. ... permitted by law. The Company conducts its banking business from its main office in Los ...
- A Man and His Plan 30 Dec 2009 08:48 GMT
... stereotype) by the trumpeter and his band. California had a state pension system of sorts, ... over the circulation of money from the banks and assign that power to the government ... to doubt the integrity and judgment of bankers as individuals and distrust the wisdom of ...
- Joyce Appleby: Wall Street should try philanthropy instead of bonuses 30 Dec 2009 11:53 GMT
... the offer. The public anger that the banking industry is now stoking echoes that of ... way into our dictionaries. But unlike big bankers today, later in life Carnegie and Rockefeller ... emeritus of history at the University of California, Los Angeles, and the author of the ...
- FDIC auctions off some doozies 30 Dec 2009 05:26 GMT
... office furniture -- the detritus of 140 banks closed by the agency in 2009. Worley ... ovens, from Vineyard Bank, the Rancho Cucamonga, Calif.-based lender that lost more than $100 million ... unload a framed 10-by-70-foot watercolor mural by California artist Millard Sheets, Moran said, a sort ...
- Ready for 2009 to end 30 Dec 2009 10:53 GMT
... The recession officially ended this fall, but that was ... its jobs in the past year. Two banks headquartered in Maryland failed - the first ... figures from data company RealtyTrac of Irvine, Calif. Back in June, Maryland's rate was quite a ...
- As Wall Street rises, Main Street sinks | Guest columnist 30 Dec 2009 00:32 GMT
... Street was back. The five largest remaining banks are today larger, their executives and traders richer, ... Street didn't trickle down to Main Street. Mortgage delinquencies continue to rise. Small businesses can't ... of public policy at the University of California, Berkeley. He was secretary of Labor under ...
- The great sideshow of 2009 30 Dec 2009 08:03 GMT
... Street was back. The five largest remaining banks are today larger, their executives and traders richer, ... Street didn't trickle down to Main Street. Mortgage delinquencies continue to rise. Small businesses can't ... of public policy at the University of California, Berkeley. He was secretary of Labor under ...
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