Mortgage and Financial News From 2008-11-21 Page 01
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Simple model provides secret of solid profits - Financial Times
It is a scene you might find in the Bank of England’s museum. Behind a green leather-topped table, in front of a locked safe, a grey-haired man in a three-piece suit goes through a mortgage application line by line. Mike Heenan is no museum piece ...
2008-11-21 08:42:00 -
Hartford Jumps 21% on Plan to Buy Bank, Seek U.S. Aid (Update2) - Bloomberg
Nov. 14 (Bloomberg) -- Hartford Financial Services Group Inc., the insurer that had a $2.6 billion third-quarter loss, jumped 21 percent in New York trading after agreeing to buy a bank and gain eligibility for the Treasury bailout program. Hartford ...
2008-11-14 05:09:00 -
UPDATE 1-U.S. Bancorp acquires deposits of failed Downey, PFF - FXStreet.com
WASHINGTON, Nov 21 (Reuters) - U.S. banking regulators seized California banks Downey Savings and Loan and PFF Bank & Trust late Friday as the housing crisis claimed two more victims from the financial crisis. U.S. Bancorp took over the two banks ...
2008-11-21 10:44:00 -
LandAmerica Moves Forward - Earthtimes
Author : LandAmerica Financial Group, Inc. RICHMOND, Va. , Nov. 21 -- LandAmerica Financial Group, Inc. (NYSE: LFG) announces that the merger agreement previously executed on November 7, 2008 with Fidelity National Financial, Inc. ("Fidelity") has ...
2008-11-21 06:55:00 -
Refer to a friend - PR Inside
www.usbank.com - U.S. Bancorp (NYSE: USB) announced today that, effective immediately, its lead bank, U.S. Bank National Association, has acquired the banking operations of two separate California financial institutions from the Federal Deposit ...
2008-11-21 08:21:00 -
Mortgages in negative equity jump by 174pc - South China Morning Post
Banks have tightened lending on residential property in the past few months due to the uncertain market outlook. But a plan by the Mortgage Corporation to relax the threshold for mortgage insurance could encourage banks to lend more. Monetary ...
2008-11-21 03:49:00 -
Bank Notes | (The Charlotte Observer)
Williams' exit said to be among changes eyed by Wells Fargo Ben Williams, once a rising star in Wachovia Corp.'s investment bank, will leave after the Charlotte bank is bought by Wells Fargo & Co., according to an internal bank memo circulated Friday. Williams, a 24-year Wachovia veteran, is the head of global markets and investment banking. Though Williams has helped build up the Charlotte ...
2008-11-21 11:16:12 -
(AFX UK Focus) 2008-11-22 04:55 UPDATE 1-U.S. Bancorp acquires deposits of failed Downey, PFF (Interactive Investor)
By John Poirier
2008-11-21 11:23:13 -
Settlement with credit-reporting firm Trans Union is tied up in court (The Providence Journal)
Q: My question has to do with a . . . class-action settlement regarding credit reporting. . . . I sent in my form during the proper time and I was hoping that I would be able to get a credit score — not the report, but the score.
2008-11-21 11:30:05 -
Blood donation could mean free Lasik surgery (Muskogee Phoenix)
Triad Eye Laser Center and Oklahoma Blood Institute (OBI) are partnering this holiday season in a blood drive. Muskogee area residents 17 and older are encouraged to donate blood 11 a.m. to 5 p.m. Dec. 1 or Dec. 17 at the bloodmobile outside Triad Eye Laser Center, U.S. 69 and Military Boulevard.
2008-11-21 11:31:02 -
New hospital erects building in less than 2 days (Muskogee Phoenix)
An 8,700 square foot administration building and training center at the Muskogee Community Hospital will take less than two days to erect, a spokesman said.
2008-11-21 11:31:22 -
Federal Regulators Shutter More Banks (ABC News)
Downey S&L, PFF Bank & Trust in Calif. and The Community Bank, in Ga. shuttered.
2008-11-21 11:34:04 -
Citigroup May End Up With Government Rescue After Stock Skids (Bloomberg)
Nov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts.
2008-11-21 11:42:46 -
Downey, Crippled by Mortgages, Seized and Sold to U.S. Bancorp (Bloomberg)
Nov. 21 (Bloomberg) -- Downey Financial Corp. , the California thrift crippled by bad mortgages, and smaller PFF Bank & Trust were closed by regulators today and taken over by U.S. Bancorp at a potential cost to taxpayers of $2.1 billion.
2008-11-21 11:43:16 -
Federal regulators shut 2 California thrifts (INO News)
(AP:WASHINGTON) Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state.
2008-11-21 11:48:20