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Tag archive for ‘bank failure’

Another San Diego bank takeover, failure due to ‘bad’ mortgage loans.

by John C. Colwell on 2/20/10 | 0 Comment(s)

The San Diego Union-Tribune reports, this morning: http://www.signonsandiego.com/news/2010/feb/19/la-jolla-bank-seized-by-federal-regulators/ Another San Diego bank failure due to the mortgage lending fiasco. This is the 4th area bank in recent times, to fail. Will the administration and Congress ever act to allow true mortgage modification in Ch. 13? There are folks who would like to stay in their [...]

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