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Regulators shut AmTrust Bank in Ohio
Posted: Fri Dec 04, 2009 6:57 pm
by Stephen Eisel
sad (clicky)...WASHINGTON (AP) -- Regulators have shut down big Ohio bank AmTrust Bank. They also closed three banks in Georgia Friday, bringing to 128 the number of U.S. bank failures this year in a climate of economic struggle and deepening loan defaults.
Re: Regulators shut AmTrust Bank in Ohio
Posted: Fri Dec 04, 2009 7:38 pm
by ryan costa
there are many more "prime" mortgage foreclosures than sub-prime.
although the sub-prime has a higher default rate, there are many more prime mortgages.
you will notice many houses near the lake in foreclosure valued above 300,000.00
Re: Regulators shut AmTrust Bank in Ohio
Posted: Fri Dec 04, 2009 7:47 pm
by Stephen Eisel
bad clickyCheck out the graph "Foreclosure Starts by Loan Type"
Re: Regulators shut AmTrust Bank in Ohio
Posted: Fri Dec 04, 2009 8:27 pm
by Scott Meeson
Stephen Eisel wrote:sad (clicky)...WASHINGTON (AP) -- Regulators have shut down big Ohio bank AmTrust Bank. They also closed three banks in Georgia Friday, bringing to 128 the number of U.S. bank failures this year in a climate of economic struggle and deepening loan defaults.
I guess AmTrust Bank was "swinging for the fences"...what the heck, it's only a financial issue .
