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Gradual decline accelerates into quick shutdown - MSNBC
The end came swiftly, and suddenly, for Franklin Bank Corp. But the downfall slowly took shape more than a year ago when cracks formed in the holding company’s mortgage and loan operations across the country. Former executives in charge of Franklin ...

State Headlines - KCEN TV NBC 6
WASHINGTON (AP) - Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19. The Federal Deposit Insurance Corp. was appointed ...

Indian American pleads guilty to $33 mn mortgage fraud - Times of India
NEW YORK: Indian American Vijay K. Taneja, popular in the community for his mega Bollywood shows in the US, has pleaded guilty to a massive $33 million mortgage fraud, the Federal Bureau of Investigation (FBI) has said. The money was apparently used ...

Indian American pleads guilty to massive $33 million mortgage fraud - Zee News
New York, Nov 15: Indian American Vijay K. Taneja, popular in the community for his mega Bollywood shows in the US, has pleaded guilty to a massive USD 33 million mortgage fraud, the Federal Bureau of Investigation (FBI) has said. The money was ...

People in business - Memphis Commercial Appeal
Ralph McNeely has joined Magna Bank’s Quail Hollow office, and Bill Brown has joined Magna Bank’s Bartlett mortgage office. Drew Nadler and Allen Parker , financial advisers with Shoemaker Financial in Franklin, Tenn., have passed their FINRA ...

Prosperity plucks prime deposits as FDIC arrives - Houston Business Journal
On Nov. 8, more than 350 Federal Deposit Insurance Corp. employees and hired contractors descended upon the Houston headquarters of Franklin Bank on Richmond Avenue. The federal troops arrived to sift through the financial rubble one day after the ...

Bocce courts beckon workers - Nashville Tennessean
FRANKLIN — It's a bit of an unusual site for a commercial center, or even a park for that matter. Surrounded by the restaurants, offices and shops at the growing Meridian Cool Springs development off Carothers Parkway are a pair of bocce courts ...

Haverhill woman's tale of housing woe offers view into global ... - Eagle-Tribune
Marie Martinez rode the real estate wave for a decade, buying property worth, on paper, more than $1 million. Then she hit the rocks and lost everything. Martinez's story mirrors those of millions of Americans caught up in the real estate frenzy that ...

Our view: No victims here but the taxpayers - Eagle-Tribune
It is interesting to see and hear readers' comments on our Sunday story concerning a Haverhill woman and the worldwide financial crisis triggered by failed mortgages. Some readers posting on our Web site and others calling our office questioned ...

How Merril Lynch faltered & fell - Deccan Herald
To make matters worse, Merrill sped up its hunt for mortgage riches by embracing and trafficking in complex and lightly regulated contracts tied to mortgages and other debt. There were high-fives all around Merrill Lynch headquarters in New York as ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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