http://reversemortgagedaily.com/2009/12/21/parent-company-of-financial-freedom-acquires-another-bank-from-fdic/ Reverse Mortgage News and Information Sat, 26 May 2012 06:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://reversemortgagedaily.com/2009/12/21/parent-company-of-financial-freedom-acquires-another-bank-from-fdic/comment-page-1/#comment-39267 Anonymous Mon, 21 Dec 2009 21:39:00 +0000 http://reversemortgagedaily.com/2009/12/21/parent-company-of-financial-freedom-acquires-another-bank-from-fdic/#comment-39267 Admin,rnrnI am lost on the numbers. They appear as one number in one place and then go up -- such as deposits. Usually in bank terminology, deposts are not assets, they are liabilities, while loans made are assets. If the total assets are only $6.1 billion how are the deposits over $11 billion if assets or that amount, if liabilities. OneWest Bank is not stupid; I doubt if the fair market value of the assets received were greater than the liabilities assumed plus the fair market value of the assets given up by OneWest Bank in the acquiestion. Admin,rnrnI am lost on the numbers. They appear as one number in one place and then go up — such as deposits. Usually in bank terminology, deposts are not assets, they are liabilities, while loans made are assets. If the total assets are only $6.1 billion how are the deposits over $11 billion if assets or that amount, if liabilities. OneWest Bank is not stupid; I doubt if the fair market value of the assets received were greater than the liabilities assumed plus the fair market value of the assets given up by OneWest Bank in the acquiestion.

]]> http://reversemortgagedaily.com/2009/12/21/parent-company-of-financial-freedom-acquires-another-bank-from-fdic/comment-page-1/#comment-35245 The_Critic Mon, 21 Dec 2009 19:39:40 +0000 http://reversemortgagedaily.com/2009/12/21/parent-company-of-financial-freedom-acquires-another-bank-from-fdic/#comment-35245 I am lost on the numbers. They appear as one number in one place and then go up -- such as deposits. Usually in bank terminology, deposts are not assets, they are liabilities, while loans made are assets. If the total assets are only $6.1 billion how are the deposits over $11 billion if assets or that amount, if liabilities. OneWest Bank is not stupid; I doubt if the fair market value of the assets received were greater than the liabilities assumed plus the fair market value of the assets given up by OneWest Bank in the acquiestion. I am lost on the numbers. They appear as one number in one place and then go up — such as deposits. Usually in bank terminology, deposts are not assets, they are liabilities, while loans made are assets. If the total assets are only $6.1 billion how are the deposits over $11 billion if assets or that amount, if liabilities. OneWest Bank is not stupid; I doubt if the fair market value of the assets received were greater than the liabilities assumed plus the fair market value of the assets given up by OneWest Bank in the acquiestion.

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