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7 Jan 2009, 7:00 pm
That compares with a 37% redefault rate nationally, according to data from federal regulators--a figure that also includes much more stable prime loans. [read post]
27 Feb 2011, 7:32 am
In the fall of 2007, Democratic Senator Chuck Schumer wrote a letter to the Federal Housing Finance Board warning its chairman, Ronald A. [read post]
1 Sep 2011, 2:00 am
When a federally insured bank is closed, the Federal Deposit Insurance Corporation (“FDIC”) is appointed as conservator or receiver. [read post]
3 Oct 2014, 12:58 pm
IndyMac, a case that questioned whether filing of [read post]
9 Nov 2009, 9:47 pm
 Maybe someone should send him a homeowner whose mortgage is with IndyMac/One West Bank. [read post]
17 Aug 2012, 11:02 am
” A federal district court asked the Washington Supreme Court to answer three certified questions involving MERS. [read post]
8 Jul 2009, 7:19 pm
" A meeting called by Federal Deposit Insurance Corp. chief Sheila Bair this week with several banking and private-equity bigwigs suggests the regulator has made her mind up when it comes to PE firms buying banks: Thanks, but no thanks. [read post]
15 Feb 2010, 7:25 pm
Dude: OneWest is a federal savings bank. [read post]
11 May 2011, 11:30 pm
He’s the guy who gave us IndyMac Bank, now IndyMac Federal. [read post]
14 Apr 2008, 9:02 am
In a draft letter to investors, the labor federation urged a vote against the re-election of C. [read post]
18 Mar 2011, 7:31 am
” And last July, the FDIC filed a similar suit against four former executives of IndyMac Bank, seeking $300 million in damages. [read post]
31 Aug 2011, 1:47 am
The first professional liability action brought by the FDIC in the current financial crisis was filed on July 2, 2010, against officers of the mortgage subsidiary of IndyMac, one of the earliest and largest bank failures. [read post]
7 Apr 2009, 5:53 am
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11 Jan 2017, 7:19 am
IndyMac MBS, Inc.); and (2) whether a member of a timely-filed putative class action may file an individual suit on the same causes of action before class certification is decided, notwithstanding the expiration of the relevant time limitations. [read post]
24 Jan 2014, 12:57 am
Perry, 9] the FDIC alleged that the CEO of IndyMac Bank breached his fiduciary duties to the failed bank by allowing IndyMac to generate and acquire more than $10 billion in risky residential loans, resulting in more than $600 million in losses to the bank. [read post]
6 Jan 2015, 4:14 am
The IndyMac case was scheduled to be argued on Monday, October 6, 2014. [read post]
29 Jan 2012, 5:31 pm
As a result, she eventually received the President’s Award for Distinguished Federal Civilian Service at a 1962 ceremony with President John F. [read post]
23 Apr 2014, 8:50 am
IndyMac MBS, Inc., 13-640 (granted at the March 7 Conference, relisted once); Integrity Staffing Solutions v. [read post]
3 Oct 2011, 4:16 am
See, because it’s the Countrywide and IndyMac guys… it’s okay. [read post]
17 Mar 2016, 4:51 pm
The comparative negligence of banking regulators in failing to identify poor policies or loans during examinations has also been generally unavailing, as many federal courts have found that the FDIC as regulator owes no legal duty to the directors and officers to conduct bank regulatory examinations in any particular manner.[16] LESSON #6 – D&O INSURANCE IS A LAST LINE OF DEFENSE, NOT A COMPREHENSIVE SHIELD AGAINST LIABILITY D&O insurance is an important… [read post]
