International Business News - Fremont http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Financial services firm Fremont General Corp. said Wednesday night it filed for bankruptcy protection as part of its plan to sell its retail banking assets to CapitalSource Inc. http://www.ibtimes.com/articles/20080619/fremont-general-files-for-bankruptcy-protection.htm Thu, 19 Jun 2008 08:10:28 EDT CapitalSource Inc. said it received California regulatory approval to establish a bank in that state, moving it a step closer to closing its purchase of Fremont General's retail banking operations. http://www.ibtimes.com/articles/20080613/capitalsource-gets-california-approval-for-fremont-deal.htm Fri, 13 Jun 2008 13:14:43 EDT Fremont General Corp. got approval from a major creditor to stop making payments on $166.5 million of its debt while Fremont completes the sale of loan assets, the financial services company said Monday. http://www.ibtimes.com/articles/20080602/fremont-gets-forbearance-deal-from-major-creditor.htm Mon, 02 Jun 2008 12:12:44 EDT Fremont General Corp. said Thursday it is selling the servicing rights on its $12.2 billion home-loan portfolio to a Goldman Sachs & Co. affiliate, ending the once-vibrant mortgage lender's loan operations. http://www.ibtimes.com/articles/20080508/fremont-general-sells-servicing-rights-to-goldman-affiliate.htm Thu, 08 May 2008 17:19:11 EDT Fremont General Corp.'s shares will trade on the Pink Sheets after the New York Stock Exchange delists the company's stock from its exchange, Fremont said Tuesday. The Big Board on Monday announce... http://www.ibtimes.com/articles/20080415/fremont-to-trade-on-the-pink-sheets-following-delisting.htm Tue, 15 Apr 2008 11:18:21 EDT CapitalSource is acquiring the retail banking operations of Fremont General for $170 million after the troubled lender was hit hard by the subprime mortgage-led crisis. http://www.ibtimes.com/articles/20080414/capitalsource-aquires-fremont-for-170-mln.htm Mon, 14 Apr 2008 18:44:59 EDT Fitch Ratings slashed its rating on $704.2 million in mortgage bonds issued by Fremont General Corp., the ratings agency said Friday. Fremont General, the Brea, Calif.-based bank stung by the mortga... http://www.ibtimes.com/articles/20080411/fitch-cuts-704m-in-mortgage-bonds.htm Fri, 11 Apr 2008 16:57:27 EDT Federal and state banking regulators have given financial services company Fremont General Corp. 60 days to raise new capital or sell its banking subsidiary, the company said Friday. http://www.ibtimes.com/articles/20080328/fremont-pressed-to-raise-capital-or-sell.htm Fri, 28 Mar 2008 10:33:03 EDT Financial services company Fremont General Corp. said Thursday will sell the servicing rights on certain securitized mortgage loans to a subsidiary of Carrington Capital Management LLC for an undisclosed amount. http://www.ibtimes.com/articles/20080320/fremont-to-sell-loan-servicing-rights.htm Thu, 20 Mar 2008 17:39:57 EDT Financial services firm Fremont General Corp. said Tuesday it is delaying a $6.6 million interest payment while it tries to refinance the debt. Fremont General, which has been struggling to turn itself around following the collapse of the subprime mortgage industry, said the move is part of efforts to increase capital and liquidity, including a possible sale. http://www.ibtimes.com/articles/20080318/fremont-general-delays-interest-payment.htm Tue, 18 Mar 2008 10:53:40 EDT Fremont General Corp. will not file its annual report in time because the company is still trying to figure out what its assets are worth, the bank said Wednesday. http://www.ibtimes.com/articles/20080312/fremont-delays-filing-annual-report.htm Wed, 12 Mar 2008 16:04:35 EDT Kelly Capital Investments LLC on Monday disclosed in a regulatory filing that it had expressed interest in buying Fremont General Corp. but that discussions with management have since ended. http://www.ibtimes.com/articles/20080310/fremont-general-shareholder-to-cut-stake.htm Mon, 10 Mar 2008 11:41:21 EDT Fremont General says it is in default on about $3.15 billion of loans it sold in March 2007. The Brea, Calif.-based bank received notices from two investors who purchased the loans. The letters said Fremont was in violation of the sale terms. http://www.ibtimes.com/articles/20080304/fremont-in-default-on-subprime-mortgages.htm Tue, 04 Mar 2008 09:34:25 EST Both Moody's Investors Service and Standard & Poor's late Friday cut their ratings on California bank Fremont General Corp. because of a deferred dividend and weak liquidity. http://www.ibtimes.com/articles/20080303/ratings-agencies-downgrade-fremont.htm Mon, 03 Mar 2008 07:28:48 EST Fremont General Corp., the holding company for Fremont Investment & Loan, said Thursday because it might have to record more write-downs than it originally recorded and is considering putting itself up for sale. http://www.ibtimes.com/articles/20080228/fremont-may-record-more-write-downs.htm Thu, 28 Feb 2008 18:48:39 EST Fremont General Corp. said Monday its bank subsidiary, Fremont Investment & Loan, agreed to sell its loan servicing facility in Irving, Texas. Neither the buyer nor financial details were disclosed, but Fremont Investment said it will receive cash for the sale of the fixed assets and the assignment of its lease obligations to the Irving facility. The company did not sell any of its loan servicing assets, such as its mortgage servicing rights. http://www.ibtimes.com/articles/20080114/fremont-general-agrees-to-sell-facility.htm Mon, 14 Jan 2008 10:35:19 EST Fremont General Corp. said Wednesday it replaced most of its board, as the company tries to reinvent itself following the implosion of the subprime mortgage industry. http://www.ibtimes.com/articles/20080109/fremont-gen-replaces-most-of-board.htm Wed, 09 Jan 2008 10:26:37 EST Industrial bank Fremont General Corp. said Friday it has received federal and state approval for its new executive management team at its banking subsidiary, Fremont Investment & Loan. http://www.ibtimes.com/articles/20071221/fremont-gets-ok-for-new-executive-team.htm Fri, 21 Dec 2007 09:22:33 EST