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Home Federal Savings Loan Association

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BUSINESS
October 2, 1987 | CHRIS KRAUL, San Diego Business Editor
Home Federal Savings & Loan has declared the owners of the historic U. S. Grant Hotel to be in default on their second-mortgage loan, exacerbating the financial woes of the downtown San Diego landmark. In the notice of default filed Sept. 29 at the San Diego County Recorder's office, Home Fed said Sybedon Corp.
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BUSINESS
November 25, 1992 | Ted Johnson, Special to the Times
To the highest bidder: Town Square in Los Alamitos, Village Walk Shopping Center in Orange and South Grove Plaza in Garden Grove. Those strip shopping centers, along with five other retail centers and office buildings, are the first of many Home Federal Savings & Loan assets up for auction by the Resolution Trust Corp. The properties, last priced at $14 million, will be sold Dec. 8 at the Anaheim Marriott. While the auctioneer, Dunning's Auction Service of Elgin, Ill.
BUSINESS
August 2, 1989 | CHRIS KRAUL, San Diego County Business Editor
The Federal Home Loan Bank Board on Tuesday approved Home Federal Savings & Loan's application to quit the federal insurance fund for thrifts, clearing the first and biggest hurdle in Home Fed's conversion to a state charter. Home Federal seeks to switch charters to escape the special premiums that the Federal Savings and Loan Insurance Corp. has levied against its members since 1985. The premiums are intended to prop up the fund depleted by the failure of hundreds of S&Ls over the past decade.
BUSINESS
October 16, 1987 | GREG JOHNSON, Times Staff Writer
Financial services giant Primerica has increased its ownership stake in San Diego-based Home Federal Savings & Loan to 8.36%, according to documents filed with federal regulators. The Greenwich, Conn., company previously owned slightly more than 5% of Home Federal's 21 million outstanding common shares. In filings with the Federal Home Loan Bank Board, Primerica, formerly known as American Can Co., said it acquired the additional stock for investment purposes.
BUSINESS
June 13, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
HomeFed Bank on Tuesday reported a sharp increase in its bad loans during May, the second straight month of significant portfolio deterioration at the San Diego-based thrift and another sign that California's real estate market is weakening. HomeFed, still generally considered among the financially strongest of the larger California thrifts, said its gross non-performing assets (foreclosures and loans delinquent 90 days or more) increased during May by $81 million from the previous month.
BUSINESS
June 13, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
HomeFed Bank on Tuesday reported a sharp increase in its bad loans during May, the second straight month of significant portfolio deterioration at the San Diego-based thrift and another sign that California's real estate market is weakening. HomeFed, still generally considered among the financially strongest of the larger California thrifts, said its gross non-performing assets (foreclosures and loans delinquent 90 days or more) increased during May by $81 million from the previous month.
BUSINESS
August 2, 1989 | CHRIS KRAUL, San Diego County Business Editor
The Federal Home Loan Bank Board on Tuesday approved Home Federal Savings & Loan's application to quit the federal insurance fund for thrifts, clearing the first and biggest hurdle in Home Fed's conversion to a state charter. Home Federal seeks to switch charters to escape the special premiums that the Federal Savings and Loan Insurance Corp. has levied against its members since 1985. The premiums are intended to prop up the fund depleted by the failure of hundreds of S&Ls over the past decade.
BUSINESS
July 11, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Home Federal Savings & Loan sued the Federal Home Loan Bank Board on Monday in an attempt to force the regulator to allow Home Federal to escape from the ailing Federal Savings and Loan Insurance Corp. San Diego-based Home Federal, which is seeking to become a California-licensed commercial bank, wants to join the Federal Deposit Insurance Corp. and believes that it is exempt from a federal moratorium on such conversions because it filed its applications before the ban.
BUSINESS
March 19, 1989 | GREG JOHNSON, Times Staff Writer
This city's three largest savings and loans have been largely untouched by their industry's highly publicized woes, but the local institutions are nonetheless taking steps to reduce anxiety among their employees and customers. "Our people need to feel comfortable" with Great American's financial situation "so we're providing them with necessary information and we're urging them to share that information with customers," said Great American First Savings Bank spokesman Kenn Ulrich.
BUSINESS
July 11, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Home Federal Savings & Loan sued the Federal Home Loan Bank Board on Monday in an attempt to force the regulator to allow Home Federal to escape from the ailing Federal Savings and Loan Insurance Corp. San Diego-based Home Federal, which is seeking to become a California-licensed commercial bank, wants to join the Federal Deposit Insurance Corp. and believes that it is exempt from a federal moratorium on such conversions because it filed its applications before the ban.
BUSINESS
March 19, 1989 | GREG JOHNSON, Times Staff Writer
This city's three largest savings and loans have been largely untouched by their industry's highly publicized woes, but the local institutions are nonetheless taking steps to reduce anxiety among their employees and customers. "Our people need to feel comfortable" with Great American's financial situation "so we're providing them with necessary information and we're urging them to share that information with customers," said Great American First Savings Bank spokesman Kenn Ulrich.
NEWS
January 1, 1989 | TOM FURLONG, Times Staff Writer
The controversial flurry of 11th-hour savings and loan bailouts for 1988 came to an end Saturday night as regulators in Washington completed seven additional forced mergers, including the sale of Beverly Hills Savings & Loan to a commercial banking company in Michigan. Michigan National Corp., the state's fourth-largest banking company, took over Beverly Hills Savings by putting $52 million in new capital into the long-troubled financial institution.
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