This is basically what happened to IndyMac bank. From CNN: The banking regulator said it closed IndyMac after customers began a run on the lender following the [very public!] June 26 release of a letter by Sen. Charles Schumer, D-N.Y., urging several bank regulatory agencies that they take steps to prevent IndyMac’s collapse.
Pennsylvania mortgage foreclosure diversion program benefits servicers Veros Named 2017 HW Tech100 Award by HousingWire for Fourth Consecutive Year Veros, one of the fastest growing technology leaders in enterprise risk management, collateral valuation and predictive analytics services has been recognized by HousingWire as a 2017 HW TECH100 award winner for the fourth consecutive year.
It’s long been said that the most dangerous place in Washington is between Sen. Charles Schumer (D-N.Y.) and a TV camera. With news of the resignation of the historically awful Sen. Harry Reid (D-Nev..
IndyMac, which operates 31 offices and also takes deposits over the Internet, said the outflow of money increased on Saturday after continuing news coverage of Schumer’s remarks. The outflow Friday and Saturday totaled about $100 million, or about 0.5% of its total deposits of $19 billion, the company said.
A colombian teacher forced high-school students to have sex with her in order to get good grades. Yokasta M, 40, groomed teenage boys at at an undisclosed school in Medellin, Colombia, and would.
HUD: Robo-signing settlement to accelerate principal reductions Billed as a victory for ill-treated homeowners and victims of the robo-signing. toward principal reductions and other loan modifications. On average, those who qualify could get $20,000 or more.Why did residential sales decline for fourth month straight? The big bike maker reported retail motorcycle sales in the. a 4.5% decline from last year and an indication that the industry’s condition is worsening. Harley, though, is leading the way down as it.
After all, what’s more important, our tax-dollars or their sound-bites? Even Obama is now complaining about AIG’s bonuses. First Chuck Schumer announces a run on the bank at IndyMac, costing taxpayers billions, then Chris Dodd tries to sink Citibank with his moronic "nationalization" comment, so why shouldn’t a "community organizer" chirp-in?
As Housing Act Passes Congress, Questions Emerge The administration has argued that Commerce Secretary Wilbur Ross, who oversees the Census Bureau, added the question to collect detailed data to enforce the Voting rights act. district court. for.Strong Stewart equity gains lift HW 30 Still, rental demand continues to be strong for both single- and multifamily units. "The way people are making choices today, there.Wolters Kluwer warns trid brings steep learning curve You may know a bit about TRID and what it means for the mortgage industry, but how much do you really know?We’ve found a few things that everyone should know.
Phil, thanks for the call on the SKF puts earlier, I’m riding that horsie downhill right now, giddyup! MrMocha. I read with great interest your statement the other day that the DX is unlikely to break 76 or there will be great hell to pay, torrential amounts of tears.
· Thanks for all the advice over the last yr and say hi to the puppies for me.. “Risk is being re-priced,’ Paulson said on Wednesday, implying it was a normal reaction to the difficulties that companies involved with subprime mortgages were experiencing.”. THis is a standard response to a bank run or “liquidity crisis” and.
Monetary Policy Oversight : Senate Hearings, Federal Reserve’s Second Monetary Policy Report for 2008 : Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Tenth Congress, Second Session by Board of Governors of the Federal Reserve System (U.S.), United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs