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U.S. Bancorp took over Downey Savings and Loan Association F.A. and PFF Bank & Trust late on Friday, ending several weeks of speculation about the financially-strapped institutions based in Southern California. The Federal Deposit Insurance Corp ...
Read moreU.S. Bank takes over Downey Savings, PFF Bank & Trust - Dayton Business Journal
Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government desired when it seized the mortgage finance giant. The McLean-based company and its bigger sibling, Fannie Mae of the ...
Read moreFreddie Mac Expanded Investment in Home Loans - Washington Post
Sir James Crosby, former chief executive of HBOS, is recommending that the Government increase the supply of home loans by guaranteeing mortgage-backed securities issued by banks. This strategy would provide a supply of funds which could encourage ...
Read moreSir James Crosby's reports strategy to encourage banks to loosen purse ... - Times Online
Citigroup 's stunningly complex rescue deal with the federal government buys it enough time to restore confidence, but leaves many issues unresolved. The company still faces surging credit costs, potential losses from loans on its books and a massive ...
Read moreWhat The Citi Deal Doesn't Do - Forbes
WASHINGTON (AP) -- The government's latest effort to address the financial crisis is a $20 billion investment in banking giant Citigroup Inc., along with an agreement to guarantee hundreds of billions of dollars in possible losses. The step ...
Read moreTreasury, Fed continue extensive bailout efforts - Associated Press
Accra, Ghana, November 17, 2008—IFC, a member of the World Bank Group, will invest in Ghana Home Loans to help the specialized mortgage provider boost residential mortgage lending and provide better access to housing finance for Ghanaians. IFC will ...
Read moreIFC Invests in Ghana Home Loans - GhanaHomePage
New 'Good Faith Estimate' will help borrowers save nearly $700 For the first time in more than 30 years, the U.S. Department of Housing and Urban Development on Wednesday issued long-anticipated mortgage reforms that will help consumers to shop for ...
Read moreHUD issues new mortgage rules to help consumers shup for lower-cost ... - Louisiana Weekly
SEATTLE--( BUSINESS WIRE )--Sound Financial Inc. (OTCBB:SNFL), holding company for Sound Community Bank, announced today that its Board of Directors have approved a plan to repurchase up to 57,782 shares, or approximately 2% of its outstanding common ...
Read moreSound Financial Inc. Announces Stock Repurchase Program - Businesswire.com
Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything ...
Read moreU.S. Pledges Top $7.7 Trillion to Ease Frozen Credit (Update2) - Bloomberg
KAUFMAN – In a second round of indictments issued since August, a Kaufman County grand jury today (Friday, November 21) charged four suspects with operating a criminal mortgage racket designed to defraud the government. Kandace Marriott, 52, and ...
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