Downey Seized, Sold to U.S. Bancorp as Mortgage Fallout Spreads

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bloomberg.com — Seizure and sale of Downey Financial Corp. and two smaller lenders may cost the FDIC more than $2 billion as foreclosures rise and home prices extend declines in the worst housing slump since the Great Depression.

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Comments (1)

  1. It is happy to see your posting. Yes really informative article. I will tell this information again to my friend, oh yes I suggest you to check my blog on <a href="http://top-mortgage.blogspot.com/">www.top-mortgage.blogspot.com</a> , I hope the article on my blog will be usefull for you… and we can share each other. thank you… ;-)

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aus aus submitted this 7 months ago.

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