Monthly Archives: October 2009

By MARCY GORDON (AP) – 2 days ago WASHINGTON — A cascade of bank failures has magnified the role of the Federal Deposit Insurance Corp., which guarantees around $4 trillion in deposits in U.S. banks and thrifts. More than 100 banks … Continue reading →

Posted by: Claudia Parsons Tags: Uncategorized, california public employees retirement system, calpers, public retirement systems Calpers, the California Public Employees Retirement System, manages about as much money the gross domestic product of Israel – around $200 billion at the latest … Continue reading →

By Dan Levy Oct. 20 (Bloomberg) — Default notices on California home mortgages rose almost 19 percent in the third quarter from a year earlier as job losses and falling property prices deepened the state’s housing recession, MDA DataQuick said. … Continue reading →

WASHINGTON (Reuters) – The Obama administration is facing stepped up pressure to provide more details about its efforts to help struggling homeowners stay in their homes. U.S. Treasury Secretary Timothy Geithner earlier this month said about half a million American … Continue reading →

SACRAMENTO, Calif.–(Business Wire)– On October 19, 2009, California Governor Arnold Schwarzenegger held a press conference to highlight the signing of legislation that will prevent homeowners from being negatively impacted by fraudulent mortgage practices. Real Estate Commissioner Jeff Davi was one … Continue reading →