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FDIC Setting Down Roots in Orange County

October 22, 2008 By Bill Rice Leave a Comment

Looks like the FDIC anticipates a lot more clean-up ahead in Orange County, the former subprime capital of the world. FDIC is looking for 200,000 square feet of Los Angeles office space for a term of 3-5 years. That is in addition to the space they currently occupy in their newly acquired IndyMac Federal Bank. Maybe they should check out New Century’s old offices.

With senior regulators and bank cleaner-uppers shuttling in weekly from  Washington DC and Dallas, maybe a few relocations could kick in a little local housing stimulus.

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Filed Under: FDIC Tagged With: FDIC, los angeles, office space

About Bill Rice
Bill Rice is a mortgage banking veteran operating in and writing about the mortgage market for over a decade. Bill is the founder of Kaleidico, which provides mortgage banking customers with lead generation and lead management solutions. Prior to Kaleidico, Bill was one of the founding executives of DeepGreen Bank, the first fully automated mortgage lending Internet banking platform and lead similar home equity innovations as the VP of National Home Equity at Quicken Loans. He can be contacted at bill.rice@kaleidico.com.

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