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The Company's principal business is attracting checking and savings deposits from the general public and using such deposits, together with borrowings and other funds, to make real estate, business and consumer loans.
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glenvar (92.19) Submitted: 12/19/07 12:06 PM : Start Price: $33.44 FED Score: 49.32
This is a major option ARM lender in Santa Monica California. The home prices are crashing, and the ARM's are adjusting upward. In other words people are not going to pay-they will walk away, and the Bank will own a lot of homes.
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