Office of Thrift Supervision shuts down IndyMac (AP)

Government shuts down mortgage lender IndyMac (AP)
AP - IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit,...

Federal regulators shut 2 California thrifts (AP)
AP - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the...

Foreclosure rates up 25 percent year-over-year (AP)
AP - The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released...

Citigroup to help at-risk borrowers stay in homes (AP)
AP - Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in...

Regulators shut banks in Texas, California (AP)
AP - Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of...