...of $558 million in residential mortgage loans from the Federal Deposit Insurance Corporation. The loans were formerly held by the First National Bank of Nevada, closed by the Office of the Comptroller of the Currency in July; the FDIC was named receiver."...
...are excited about investing in and managing mortgages in this unique transaction where we share in the economics with the FDIC," said Stanford L. Kurland, PennyMac's Chairman and Chief Executive Officer. "We believe that PennyMac's approach of strategically...
...Corporation. It's easy to see why Obama might have overlooked her. Charged with protecting the public from bank failures, the FDIC has long been the Beltway equivalent of a small-town fire department, called on every few years to put out some flames but otherwise...
...Atlanta Blues Synovus is not the only bank that has had problems in the Atlanta market. The Federal Deposit Insurance Corporation (FDIC) has closed several banks that had heavy loan concentrations in the Atlanta area, including Integrity Bancshares (OTC:ITYC). BB&T...
...not be any more Lehman Bros. breakdowns. Rather, if, and more likely when, someone important is in trouble the Fed, Treasury, and FDIC will backstop losses, provide loans, and/or directly invest using taxpayer funds. This is the really big story of 2008 –...
...due to the large amount of bad assets that they have accumulated. According to the Federal Deposit Insurance Corporation (FDIC), equity of commercial banks and savings institutions fell by $44 billion in the Q3 2008 after declining by $10 billion in the previous...
...than 3 percent, beating even most money market mutual funds, which hover around 2.5 percent. Bank money markets, like CDs, offer FDIC protection. In addition, you have access to the cash if you need it. 3. Municipal Bonds - Munis offer the benefits of tax-free...
...$24 billion. In his new TARP legislation, sources expect Frank to include possible directions to the Treasury to support the FDIC’s proposal -- or a version of it -- in the next phase of TARP. But while President-elect Obama favors additional government...
...stated income and other underwritten loans in areas with escalating home prices, particularly in California and Florida. Since the FDIC has operated the institution, it has restructured funding to focus on stable core deposits and on improving the value of...
...bank had been under pressure from a cash crunch amid the subprime mortgage crisis and the collapse of the housing market. The FDIC said it had agreed to sell IndyMac to IMB HoldCo, a thrift holding company controlled by IMB Holdings. IMB HoldCo is owned by...