IndyMac: Mini Bank Run, Thanks to Schumer

WATCH LIVE: House Speaker Nancy Pelosi, Senate Minority Leader Chuck Schumer to discuss health care "Well, Jane, I’m down here at Indymac and there’s still no sign of a bank run. This is a big surprise given the recent news about the bank." And Jane replied, "Thanks, Jimmy! Keep us posted and be sure to let us know at the first sign of a run on the bank." What happened a day later? A run on the bank! Color me surprised.

RealtyTrac: Foreclosure activity picked up in 120 metros "Foreclosure activity in the first quarter increased on a year-over-year basis in 46 out of the 50 states and in 90 of the nation’s 100 largest metro areas, demonstrating that most regions of the.Mortgage rates plummet to new lows 2012 marks milestone year for Trulia Her inclusion marks another significant milestone: She is the first black female director to be accepted into the competition lineup in the festival’s 72-year history – a fact Diop was not aware.Making vacant houses look less vacant — with decals?  · Denver Broncos logos and helmet history (1960-2014), click on image below. Denver Broncos logos and helmet history (1960-2014) Broncos helmet illustrations above from Gridiron Uniforms Database.As the global economy shows signs of weakness, mortgage rates have fallen to a three-year low. The average 30-year fixed-rate mortgage plummeted to 3.54%, the lowest level since May 2013, the Boston Globe reported.Its subsequent increase back then came just after federal reserve chairman Ben Bernanke’s testimony about slowing the Fed’s bond purchases.

IndyMac: Path To Failure. July 1: IndyMac responds to Schumer’s letters, saying it is working with regulators to improve its safety and soundness. Stock closes at 65 cents. July 7: IndyMac alerts the Securities and exchange commission that, "The Bank has continued to experience elevated levels of deposit withdrawals since Senator Schumer’s.

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Indymac Responds to Letters Sent by Senator Charles Schumer (hat tip Nemo) [A]s a result of sen. schumer making his letters public and the resulting press coverage, we did experience elevated customer inquiries and withdrawals in our branch network last Friday and on Saturday of roughly $100 million, about of 1% of total deposits.

Zillow survey: 5% home value growth expected in 2013 “We thought there would be some things to take the pressure off,” reflects Skylar Olsen, senior economist at home search site zillow. interest rates would rise. Construction would pick up. Price.

Best Answer: I work for IndyMac and am devastated with this outcome. Mr. Schumer panicked depositers & shareholders alike. He caused thousands of people to lose their jobs and millions of shareholders to lose money. I can only hope that what comes around goes around and that he is not re-elected. I’m.

FHASecure – Will the Real Numbers Please Stand Up? HUD’s Federal housing administration (fha) is on target to insure over 240,000 FHASecure home loans in Fiscal Year 2008, nearly two and one-half times the number served in Fiscal Year 2007.Since the creation of FHASecure three months ago, FHA has received more than 113,000 refinance applications from families whose loans are current or.

JPMorgan reportedly selling $373M prime new issue RMBS Another month, another offering of private-label residential mortgage bonds from JPMorgan Chase. Like the first four deals of the year, the $650.5 million J.P. mortgage trust 2018-5 is backed by a mix of loans that could have been sold to Fannie Mae or Freddie Mac and loans that meet all of the credit criteria for sale to one of the government-sponsored enterprises, except for their size.