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Loan Modification
: Mortgage Lender Implode-o-MeterCorus Bank ordered to submit capital plan
By Implode-Explode Heavy Industries
Corus Bankshares, which has warned it could be placed into receivership, has now been given until Friday to submit a capital restoration plan to federal regulators.
The Chicago-based bank holding company (NASDAQ: CORS) disclosed the May 1 order in its first quarter report, filed on Monday with the Securities and Exchange Commission, in which it said it lost $285 million.
Full post as published by Mortgage Lender Implode-o-Meter on May 20, 2009 (boomark / email).
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