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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 219772

Re: Discussion on New South Federal Savings Bank
PostPosted: Wed Jan 14, 2009 1:16 am Reply with quoteBack to top

http://ml-implode.com/imploded.....11-10.html
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rockford
Flash in the pan


Joined: 01 Dec 2008
Posts: 99
Location: Southeast

Cease and Desist
PostPosted: Wed Jan 14, 2009 5:09 pm Reply with quoteBack to top

Rumor on the street is they were issued a cease and desist order by FSLIC

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Robin
Sentinel


Joined: 30 Aug 2007
Posts: 3416
Location: Loveland, OH

Re: Discussion on New South Federal Savings Bank
PostPosted: Thu Jan 15, 2009 2:53 pm Reply with quoteBack to top

There has been no Cease & Desist order or any other enforcement action against New South Federal by OTS/FDIC per OTS' web site: http://www.ots.treas.gov/?p=In.....3&hid=
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rockford
Flash in the pan


Joined: 01 Dec 2008
Posts: 99
Location: Southeast

New South
PostPosted: Thu Jan 15, 2009 3:41 pm Reply with quoteBack to top

Thanks Robin any further news on New South?

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xlilyx
Dud?


Joined: 01 Dec 2009
Posts: 1

Re: Discussion on New South Federal Savings Bank
PostPosted: Tue Dec 01, 2009 3:01 am Reply with quoteBack to top

Just at tip... at the time this was first posted there was only the rumor of a CEASE and DESIST for New South Federal, but as of May 15, 2009 the order was filed and the PDF copies of the filing papers are available online and they are definitely starting to sell of the mortgages they already own.
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l72116
Dud?


Joined: 04 Dec 2009
Posts: 1

Re: Discussion on New South Federal Savings Bank
PostPosted: Fri Dec 04, 2009 1:14 am Reply with quoteBack to top

I heard SWBC of San Antonio, TX bought New South Federal. Who are they selling their mortgages to? This company is very hard to work with. [/b]
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