Tag Archives: capital ratio

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

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 … Continue reading

Posted in Bad Credit, Bankruptcy | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on I Hope My Bank Doesn’t Have All Its ‘Capital’ In Junk Loans