california equity home loan

The Federal Deposit Insurance Corp. (FDIC) announced on Friday it has made a deal to sell failed mortgage lender IndyMac to a group of private investors for $13.9 billion. It will cost the FDIC $8.5 billion to $9.4 billion in one of the most ...

IndyMac Investors Buy Bank for $13.9 Billion - Bank Info Security

Jan. 3 (Bloomberg) -- Private-equity investors led by Steven Mnuchin , a former Goldman Sachs Group Inc. executive, agreed to buy IndyMac Bank from the Federal Deposit Insurance Corp. and inject $1.3 billion in cash, a rare purchase of a failed ...

Mnuchin Leads Private-Equity Funds to Buy Failed IndyMac Bank - Bloomberg

Jan. 9 (Bloomberg) -- Bill Gross’s decision to back out of a $38 billion bond swap for GMAC LLC debt is paying off for his Pacific Investment Management Co. investors now that the U.S. government has bailed out the auto and mortgage lender. Pimco ...

Gross Wins ‘Game of Chicken’ Shunning GMAC Swap as Bonds Soar - Bloomberg

The Federal Deposit Insurance Corporation has signed a letter of intent to sell the banking operations of Pasadena, California-based IndyMac Federal Bank to a thrift holding company controlled by IMB Management Holdings, a partnership including ...

FDIC sells USD14bn IndyMac Federal to private equity consortium - Hedge Week.com

So begins a new year in the Sacramento real estate market, remarkably making its case as the fourth straight year of a downturn. A slump that began with nervous whispers in the summer of 2005 has escalated into a prolonged economic crisis that ...

Home Front: Sacramento-area real estate market befuddled the experts - Sacramento Bee

Mortgage rates are at their lowest level in decades, but thousands of Silicon Valley residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most bullet ...

Rates are low, but loans difficult to get - San Jose Mercury News

WASHINGTON: A seven-member group of investors has teamed up to buy the remnants of failed lender IndyMac Bank for $13.9 billion, federal regulators said on Friday. The Federal Deposit Insurance Corp said a holding company led by Steven Mnuchin, co ...

Private equity group to buy IndyMac for $13.9 bn - Economic Times

Just what the conforming loan limit is on single-family homes and condos in Southern California -- it was raised last year to $729,750 in designated high-cost areas under the Economic Stimulus Act of 2008 -- has been a continued source of confusion ...

New conforming loan limits and other sources of borrower confusion - Los Angeles Times Blogs

Mortgage rates are at their lowest level in decades, but thousands of Bay Area residents are discovering that qualifying for a loan is tougher than it has been in years. Banks are reluctant to lend at favorable rates to all but the most bulletproof ...

Low mortgage rates tough to get - Contra Costa Times

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