The Office of Thrift Supervision has approved the merger of Golden State Bancorp Inc., Glendale, Calif., with First Nationwide (Parent) Holdings Inc., Los Angeles.Golden State is the parent of Glendale Federal Bank and First Nationwide is the parent of California Federal Bank FSB. The merger, announced in February, will create the second-largest thrift in the nation, to be named California Federal Bank at the operating level and Golden State Bancorp at the holding company level, Golden State said. A special Golden State shareholders meeting is scheduled for Aug. 17 to approve the merger. Glendale Federal's website address is http://www.glendalefederal.com.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
July 10 -
The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
July 10 -
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
July 10 -
Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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