Posts Tagged “Fdic”

webmaster@technorati.com wrote an interesting post today on
Here’s a quick excerpt
Bizjournals.com

Atlanta man gets jail time for ID theftBizjournals.com… Merriell faced foreclosure on 14 different properties subject to Omni mortgages. In response, Merriell asked the FDIC to forgive $2.2 million in loan …Man sentenced in Omni National Bank scheme Atlanta Journal ConstitutionAtlanta sentenced for identity theft Washington Examinerall 14 news articles »

Share and Enjoy:

Read the rest of this great post here

Comments No Comments »

News Sources wrote an interesting post today on
Here’s a quick excerpt
First, Richard Ashby and Lawrence Redman were slammed by the recession. Now their failed $40-million loan from IndyMac Bank for a Menifee project is at the center of an FDIC suit targeting bankers. Southern California home builders Richard Ashby and Lawrence Redman were running short on resources, but not ambition.

Share and Enjoy:

Read the rest of this great post here

Comments No Comments »

News Sources wrote an interesting post today on
Here’s a quick excerpt
FDIC sues former executives at IndyMac’s homebuilding loan divisionLos Angeles Times (blog)Its builder-loan division began operations in 1994. It loans to residential developers and home builders, like subprime mortgages to the buyers of the homes …and more »

Share and Enjoy:

Read the rest of this great post here

Comments No Comments »

News Sources wrote an interesting post today on
Here’s a quick excerpt
FDIC Veteran Digs in at Fifth ThirdWall Street JournalFifth Third has been haunted by troubled real-estate construction loans and second mortgages. Chief Executive Kevin Kabat sold loans and increased reserves …and more »

Share and Enjoy:

Read the rest of this great post here

Comments No Comments »

wrote an interesting post today on
Here’s a quick excerpt
Sheila C. Bair to the Housing Association of Non-Profit Developers Annual MeetingLoanSafeI’m not saying that it’s wrong to earn a profit making mortgage loans. There is, and should be, profit potential in this business – so long as it is carried …FDIC’s Bair questions housing tax breaks Fortune (blog)all 11 news articles »

Share and Enjoy:

Read the rest of this great post here

Comments No Comments »