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Real Estate & Property Law

: Housing Wire

OIG on Downey?s Failure: OTS Saw This Coming

By DIANA GOLOBAY

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As the financial and banking industry prepares for President Barack Obama’s formal proposal of regulatory overhaul, a report issued this week highlights one federal regulator’s actions preceding the costly failure of Downey Savings and Loan. The Office of Thrift Supervision (OTS) regularly monitored Downey, noting problems but failing to issue anything more than an informal enforcement [...]

Full post as published by Housing Wire on June 17, 2009 (boomark / email).

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