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<title>EIN News: California Banking News</title>
<link>http://www.einnews.com/california/newsfeed-california-banking</link><description>Constantly updated news and information about world affairs.</description><item>
<title>Toll Brothers Announces Completion of Employee Stock Option Exchange Program</title>
<link>http://www.einnews.com/news.php?wid=180022017</link>
<pubDate>24 Jul 2008 09:17 GMT</pubDate>
<description>
...  buyers and operates in 21 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland,  ...  The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf  ...
</description>
</item><item>
<title>Seattle&apos;s Pure Networks sold to Cisco for $120 million</title>
<link>http://www.einnews.com/news.php?wid=180010462</link>
<pubDate>24 Jul 2008 07:58 GMT</pubDate>
<description>
...  transaction should close next quarter, San Jose, Calif.-based Cisco said Wednesday. Pure Networks employees will  ...  lender&apos;s balance sheet is &quot;burdened with high-risk mortgage loans.&quot; Napoli and analysts at Merrill Lynch  ...
</description>
</item><item>
<title>Ratepayers suffer</title>
<link>http://www.einnews.com/news.php?wid=180010298</link>
<pubDate>24 Jul 2008 07:58 GMT</pubDate>
<description>
... Southern California Edison has announced an application for a  ...  course. Don&apos;t trust your government, or the banks. All have said your IRA is insured  ...
</description>
</item><item>
<title>ARB chief retains interest in several energy companies</title>
<link>http://www.einnews.com/news.php?wid=180006159</link>
<pubDate>24 Jul 2008 07:32 GMT</pubDate>
<description>
...  in several energy companies One year after California Air Resources Board Chairwoman Mary Nichols decided  ...  Bankcorp, the Los Angeles company whose 33 banks were seized by government regulators earlier this  ...
</description>
</item><item>
<title>07-24-08 EUR ALL ON ONE PAGE...</title>
<link>http://www.einnews.com/news.php?wid=180005945</link>
<pubDate>24 Jul 2008 07:31 GMT</pubDate>
<description>
...  will be based at Lionsgate&apos;s Santa Monica, California corporate headquarters. Perry has been working with  ...  hundreds-of-thousands of would-be homeowners, but the overall mortgage market.&quot; *TV One&apos;s Baisden After Dark will  ...
</description>
</item><item>
<title>Focus on foreclosures</title>
<link>http://www.einnews.com/news.php?wid=180005888</link>
<pubDate>24 Jul 2008 07:31 GMT</pubDate>
<description>
...  may be on the way for homeowners, banks and communities hit hard by the mortgage crisis after the House of Representatives approved  ...  for the Building Industry Association of Southern California. Most importantly, the bill, expected to be  ...
</description>
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<title>Government helps create financial mess</title>
<link>http://www.einnews.com/news.php?wid=180004578</link>
<pubDate>24 Jul 2008 07:25 GMT</pubDate>
<description>
...  low levels that &quot;creative financing&quot; with interest-only mortgage loans enabled people to buy houses that  ...  small house in many parts of coastal California -- the difference between paying 4 percent  ...
</description>
</item><item>
<title>Mortgage madness &apos; and hope</title>
<link>http://www.einnews.com/news.php?wid=180004158</link>
<pubDate>24 Jul 2008 07:19 GMT</pubDate>
<description>
...  the United States government scrambles to stabilize mortgage monoliths Fannie Mae and Freddie Mac, South  ...  Diego, and my income was less in California, Worzala said. Its not as out of  ...
</description>
</item><item>
<title>House approves measure to keep housing in order</title>
<link>http://www.einnews.com/news.php?wid=180003893</link>
<pubDate>24 Jul 2008 07:18 GMT</pubDate>
<description>
...  by providing a federal backstop for struggling mortgage giants Fannie Mae and Freddie Mac and  ...  housing legislation in a generation,&quot; said Senate Banking Committee Chairman Christopher Dodd, D-Conn. The Senate  ...  the office of House Speaker Nancy Pelosi, D-Calif., warned that if Fannie and Freddie failed,  ...
</description>
</item><item>
<title>Texas reps divided as mortgage relief reaches fast track</title>
<link>http://www.einnews.com/news.php?wid=180003860</link>
<pubDate>24 Jul 2008 07:18 GMT</pubDate>
<description>
...  along party lines. House Speaker Nancy Pelosi, D-Calif., appealed without success for Republicans to cross  ...  Republican complaints that it bailed out unscrupulous bankers and speculators amid a spiraling financial crisis  ...  chairman and ranking Republican on the Senate Banking Committee, jointly announced their support for the  ...
</description>
</item><item>
<title>Ted Harvey preaches conservative gospel</title>
<link>http://www.einnews.com/news.php?wid=180002993</link>
<pubDate>24 Jul 2008 06:59 GMT</pubDate>
<description>
...  tax increase. As the owner of a mortgage firm, he touts real-world experience as a  ...  lived at Edwards Air Force Base in California, then moved to Texas after his father&apos;s  ...
</description>
</item><item>
<title>Housing bill getting favorable reviews</title>
<link>http://www.einnews.com/news.php?wid=180001853</link>
<pubDate>24 Jul 2008 06:57 GMT</pubDate>
<description>
...  avoid foreclosure while pumping cash into ailing mortgage giants Fannie Mae and Freddie Mac -  ...  twice as many notices of foreclosure in California during the second quarter compared with the  ...
</description>
</item><item>
<title>Oversupply killing US lender giants and house prices</title>
<link>http://www.einnews.com/news.php?wid=180001281</link>
<pubDate>24 Jul 2008 06:55 GMT</pubDate>
<description>
... By Bob Ivry and Sharon L Lynch mortgage finance company, couldn&apos;t find a buyer who  ...  $8.56bn held by all 8,500 US commercial banks and savings and loans. Foreclosed houses sell  ...  sell the homes efficiently, said in Corona, California. are all recent college grads without experience,&quot;  ...
</description>
</item><item>
<title>Grand jury investigating lenders</title>
<link>http://www.einnews.com/news.php?wid=180001164</link>
<pubDate>24 Jul 2008 06:55 GMT</pubDate>
<description>
...  the lending operations of the three Southern California institutions, which all collapsed under the weight  ...  and its former chairman, Angelo Mozilo, gave mortgage breaks to members of Congress and other  ...
</description>
</item><item>
<title>Housing bill heads to Senate</title>
<link>http://www.einnews.com/news.php?wid=180001162</link>
<pubDate>24 Jul 2008 06:55 GMT</pubDate>
<description>
...  $7,500 for first-time home-buyers. Of interest to California and other areas with high housing costs,  ...  it would permanently raise the cap on mortgages that Fannie Mae and Freddie Mac can  ...
</description>
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