The nation's federally insured savings and loan institutions issued a record $21.8 billion in mortgages in May, 23.6% higher than the same month a year ago, the government said Friday.
At first glance, last year's rebound in the savings and loan industry seems to have passed by Orange County.
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The Federal Home Loan Bank Board is weighing an increase of as much as 150% in the insurance premiums paid by savings and loan associations to replenish the trust fund protecting savers' deposits.
The Federal Home Loan Bank Board, worried about financially troubled savings and loan associations in farming and oil-producing regions across the nation, said Thursday it will ease its rules to avoid forcing ailing institutions into mergers or shutdowns.
Higher loan volume and lower deposit costs were two of the principal reasons why four large savings and loans in California and Arizona reported sharply higher third-quarter profits Wednesday.
-chartered S&Ls.; Two of the California League of Savings Institutions' small S&L; groups agreed
Maryland is investigating present or former officials in at least five savings and loans involved in the state's 7-month-old thrift industry crisis, according to reports published Friday.
It was the best performance in six years, the Federal Home Loan Bank Board reported.
The Senate early this morning unanimously approved compromise legislation that lawmakers said could open some of Ohio's 70 closed savings and loan associations later in the day.
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