Category Archives: S&Ls

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. Defaults keep climbing on the nontraditional mortgages made by the companies, and bond … Continue reading

Posted in Los Angeles, S&Ls | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Refinance Crisis Forces Southern California Savings & Loans To Struggle