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PFF's downfall closes chapter in Inland Empire history - Inland Valley Daily BulletinThe rise and fall of the Inland Empire's most historically significant - and oldest - financial institution is a story that goes hand-in-hand with the region's economy. To customers and local residents, PFF was an icon. Mickey Gallivan, president of ...
Federal regulators close 2 SoCal banks - KABCFederal regulators have shut down two more banks based in Southern California. PFF Bank and Trust, based in Pomona, and Downey Savings and Loan, based in Newport Beach, have both been taken over by US Bank. Both failed banks were hit hard by the ...
U.S. banks forced to cash out - Calgary SunWASHINGTON -- Federal regulators have shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport ...
Down Goes Downey - MSN MoneyCentralCitigroup Inc ( C ) Stock Quote , Chart , News , Add to Watchlist Looks like all those option adjustable rate mortgages (ARMs) weren’t such a good idea after all: 1% teaser rates and loans that grow, rather than shrink, over time just aren’t ...
What's your home really worth? - ABC2 NewsWhether you're a home buyer, seller or an owner, you probably have one central question about this market: Where are prices headed from here? You can gain some insight into the pricing puzzle by focusing not just on home values, but on rental rates ...
Regulators Close Downey, Other Banks - Insurance News NetCopyright 2008 TheStreet.com, Inc.All Rights Reserved TheStreet . com November 22, 2008 Saturday 12:30 PM EST SECTION: NEWS & ANALYSIS; Banks LENGTH: 1237 words HEADLINE: Regulators Close Downey, Other Banks BYLINE: Philip van Doorn, TheStreet.com ...
What Obama Needs to Know About Tim Geithner, the AIG Fiasco and ... - Seekingalpha.comOn Friday, the FDIC closed and facilitated the sale of two CA savings banks, Downey Savings and Loan, the bank unit of Downey Financial Corp (NYSE: DSL ) and PFF Bank and Trust, Pomona, CA. All deposit accounts and all loans of both banks have been ...
To save automakers, government should take them over - Detroit Free PressWhen H. Gaylord Wilshire sought the congressional seat from southern California in 1890, he ran on a very simple platform: "Let the nation own the trust." A part-time farmer and full-time reformer, Wilshire was responding to economic abuses of his ...
Sunday Calendar - San Gabriel Valley TribuneINTER-COUNTY GARDEN CLUB will hold its Annual Holiday Potluck at 10:30 a.m. at the Joslyn Senior Center, 815 N. Barranca Ave., Covina. Please bring a dish to share. For more information, call (626) 967-1602. COLLECTIBLES CLUB meets at 7 p.m. at the ...
S&Ls' Not-So-Wonderful Life - Investors Business DailySavings and loan banks have a reputation of being a vital part of the communities they serve. Think of good-hearted savings banker Jimmy Stewart in the holiday classic "It's a Wonderful Life." S&Ls, also called thrifts, are going to need all the ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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