Relevant:
- FDIC Shuts Down NetBank Because of Excessive Level of Mortgage Defaults
- Market Street will cut 53 jobs - Regulators will break up and sell off the mortgage company.
- Excessive mortgage defaults cause NetBank shutdown
- IndyMac deal slowed by Fannie mortgage issues
- FDIC to grease mortgage market with $1.8 bln deal
2007-10-02 — sptimes.com
"Federal regulators who took control of Market Street Mortgage on Friday in the collapse of NetBank hope to have a deal for the sale of the Clearwater mortgage company by the end of the week."
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