May 14, 1992 |
President Bush announced Wednesday that the government will provide $600 million in low-interest loans for South Los Angeles and other areas devastated in the violent aftermath of the Rodney King verdicts. The new loan funds, to be made available through the Federal Home Loan Bank Board system, are in addition to $600 million in emergency funds already designated for the stricken city and a host of other urban aid programs being considered by Congress and the President.
October 6, 1991 |
Sen. Alan Cranston (D-Calif.) wrote a letter to the Federal Home Loan Bank Board in September, 1988, at the request of a contributor, David L. Paul, owner of CenTrust Savings Bank, the Miami-based thrift owned partly by the scandal-ridden Bank of Credit & Commerce International, according to a report published Saturday.
October 1, 1991 |
Monthly payments for homeowners with adjustable-rate mortgages continue to fall at one of the fastest rates ever, a development expected to save millions of California homeowners hundreds--and in many cases thousands--of dollars in payments this year. That trend was underscored Monday with the announcement that the 11th District cost of funds index--the measure commonly used to set ARM payments in California, dropped for the 11th consecutive month in August to 6.
March 27, 1991 |
Dean M. Schultz, a longtime thrift industry lawyer and executive, is expected to be named today to head the Federal Home Loan Bank of San Francisco, a quasi-government agency that mostly provides credit to savings and loans, sources said Tuesday. Schultz is executive vice president and chief operating officer of the Federal Home Loan Bank of New York. He will replace James M. Cirona, who resigned abruptly in January as head of the bank.
January 11, 1991 |
James M. Cirona, the former top federal regulator of savings and loans in California, Nevada and Arizona, abruptly resigned Thursday as president and chief executive of the Federal Home Loan Bank of San Francisco. The bank is a quasi-government agency whose primary job is to provide credit to savings and loans. It was once part of the Federal Home Loan Bank Board's San Francisco office, which Cirona headed from 1983 to 1989 when it had supervisory powers over thrifts in the region.