Author Archives: Isaac Gradman
SEC Requests Subprime Mortgage Docs from National City
From a story published in the Louisville Courier-Journal: “The Securities and Exchange Commission (SEC) has requested documents from National City Corp. relating to the sale of its former subprime mortgage unit and other matters as part of an informal probe, … Continue reading
Posted in acquisitions, banks, probes, SEC, subprime
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FDIC places Indymac Bancorp in Conservatorship
Southern California’s IndyMac, one of the nation’s largest mortgage lenders, is the fifth bank to be taken over by the Federal Deposit Insurance Corporation (FDIC) this year. Overall, the banking system appears to be in less danger now than it … Continue reading
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