Search / 12 posts tagged Downey Financial Corp.

National City Corp. and Downey Financial Corp. are two financial institutions that were listed last week on "Who is next?," Richard X. Bove's infamous report of banks in peril. Some banks on Bove's...

National City Corp. and Downey Financial Corp. are two financial institutions that were listed last week on "Who is next?," Richard X. Bove's infamous report of banks in peril. Some banks on Bove's list claim the Ladenburg Thalmann & Co.

By E. Scott Reckard and Andrea Chang Los Angeles Times As thousands of customers waited hours in the heat Monday to withdraw deposits from failed IndyMac Bank, investors dumped the stocks of many mortgage lenders, precipitating the steepest one-day decline in banking shares since 1989.

From the Los Angeles Times: Often lending to borrowers who didn't documents their incomes, IndyMac grew its workforce to more than 10,000 and was the second-largest independent mortgage company before it began cutting back in late 2006 amid early rumblings of the avalanche of defaults that has buried the business.

IndyMac Bank Slashes Workforce From the Los Angeles Times: IndyMac Chief Executive Michael W. Perry said attempts to work with investment bankers to raise capital, announced in March, had been unsuccessful. IndyMac shares, which traded above $30 last July, closed at 71 cents Monday, up 4 cents.

7/2/2008 12:32:28 PM mattrixDOTinfo: In case you hadn’t heard. We ($DSL) let our President go. He got $900k and some paid medical bills. See the 8-k: http://tinyurl.com/6b4m8f [lifetime chart]

Southern California Savings & Loans Holding On This is not good for the Jews. The Gentiles are gonna get restless and who will they blame? The Los Angeles Times reports: Investors are increasingly throwing in the towel on Southern California-based savings-and-loan mortgage lenders IndyMac Bancorp, FirstFed Financial Corp.

Refinance Crisis Forces Southern California Savings & Loans To Struggle The Los Angeles Times reports: Investors are increasingly throwing in the towel on Southern California-based savings-and-loan mortgage lenders IndyMac Bancorp, FirstFed Financial Corp. and Downey Financial Corp.

Southern California's S & Ls suffer, survive Posted May 13th, 2008 by Admin in downey financial corp firstfed financial corp indymac bancorp mortgage lenders throwing in the towel Defaults climb, shares slide for IndyMac, Downey and FirstFed.

I Hope My Bank Doesn't Have All Its 'Capital' In Junk Loans Downey Savings, and then not far behind them, First Federal and Washington Mutual are going to have all the "capital" in junk loans. No one should have any faith in the banking system and should move their money out of banks and into the brokerages like schwab where there has been no lending.