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2. IndyMac - Wikipedia

   en.wikipedia.org/wiki/IndyMac

   IndyMac's aggressive growth strategy, use of Alt-A and other nontraditional loan products, insufficient underwriting, credit concentrations in residential real estate in the California and Florida markets, and heavy reliance on costly funds borrowed from the Federal Home Loan Bank (FHLB) and from brokered deposits, led to its demise when the ...

3. 2008 financial crisis - Wikipedia

   en.wikipedia.org/wiki/2008_financial_crisis

   IndyMac's aggressive growth strategy, use of Alt-A and other nontraditional loan products, insufficient underwriting, credit concentrations in residential real estate in the California and Florida markets—states, alongside Nevada and Arizona, where the housing bubble was most pronounced—and heavy reliance on costly funds borrowed from a ...

4. Subprime crisis impact timeline - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_impact...

   Speculation in residential real estate rose. During 2005, 28% of homes purchased were for investment purposes, with an additional 12% purchased as vacation homes. During 2006, these figures were 22% and 14%, respectively. [82]

5. Great Recession in the United States - Wikipedia

   en.wikipedia.org/wiki/Great_Recession_in_the...

   Deregulation also precipitated financial fraud - often tied to real estate investments - sometimes on a grand scale, such as the savings and loan crisis. By the end of the 1980s, many [quantify] workers in the financial sector were being jailed for fraud, but many Americans were losing their life savings. Large investment banks began merging ...

6. OneWest Bank - Wikipedia

   en.wikipedia.org/wiki/OneWest_Bank

   The New York Daily News [6] and the Wall Street Journal reported that OneWest Bank had started foreclosure proceedings on 137,000 homeowners. [ 7 ] On November 25, 2009, Judge Jeffrey Spinner in Long Island, New York, penalized OneWest for their “harsh, repugnant, shocking and repulsive” actions in trying to work out a distressed mortgage ...

7. 2010 United States foreclosure crisis - Wikipedia

   en.wikipedia.org/wiki/2010_United_States...

   [3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]