184 Stories, most recent news story added Sun Aug 31, 4:31 am EDT
After IndyMac bank went belly up this summer, Wallace Watanabe received phone calls and e-mails from Aloha Pacific Federal Credit Union members inquiring about the health of their accounts.
Q: I had some CDs with IndyMac Bank and was just waiting for them to mature until a friend told me that I needed to contact the Federal Deposit Insurance Corporation ASAP. Is this correct and if so, how do I go about contacting them and what do I need to tell them?
NEW YORK (Reuters) - A federal judge has dismissed a lawsuit accusing the now-bankrupt mortgage lender IndyMac Bancorp Inc (IDMC.PK) of inflating the appraised values of homes and misleading borrowers into paying higher closing and financing costs.
John Hope Bryant, Founder, Chairman and CEO, and Bill Walbrecher, President and COO of Operation HOPE, jointly announced today that HOPE is in full support of the loss-mitigation plan announced recently by Federal Deposit Insurance Corporation Chairman Sheila C.
The recent failure of IndyMac has sent the FDIC's insurance fund balance to its lowest levels since 1995. This is forcing the regulator to boost its reserves by increasing the fees banks pay.
Former IndyMac employees said Schumer's public statements spurred a run on the Pasadena, Calif.-based bank that led to a July 11 government takeover.
WASHINGTON -- Federal regulators on Tuesday boosted to $8.9 billion the estimated cost of IndyMac Bank's failure and prepared the public for more collapses, reporting that the number of troubled U.S. banks shot up 30 percent in just three months.
California authorities rebuff a request to investigate whether Sen. Charles Schumer helped fuel IndyMac's collapse by expressing concerns about the major mortgage lender's soundness.
Federal regulators yesterday boosted to $8.9 billion the estimated cost of IndyMac Bank's failure and prepared the public for more collapses, reporting that the number of troubled banks shot up 30 percent in just three months.
California authorities have rebuffed a request to investigate whether Sen. Charles Schumer helped fuel IndyMac Bancorp Inc.'s collapse by expressing concerns about the major mortgage lender's soundness. Read comments
NEW YORK (AP) - New York Sen. Charles Schumer won't face a California investigation into whether he helped fuel IndyMac Bancorp Inc.'s collapse by expressing concerns about the mortgage lender's soundness.
Open slideshowReuters
Open slideshowReuters
Open slideshowReuters
Open slideshowReuters
Open slideshowAFP/Getty Images/File
Open slideshowReuters