7 Banks Seized
Six small Illinois financial institutions owned by one family were among seven banks seized by bank regulators today. Banks assuming the deposits of the failed institutions paid some hefty premiums.

GMAC Restructured, Renamed
GMAC LLC has changed its name and restructured how it is organized.

Friday's 5 Failures to Cost Over Quarter Billion
The closing of a Los Angeles bank brought to five the number of federally insured banks that failed Friday. In all, the government expects to lose more than a quarter billion dollars as a result of the five failures.

4 Failed Financial Institutions
After several weeks of relatively few bank failures, four banks in three states were seized today by state regulators. MortgageDaily.com tracked regulatory orders against all four of the institutions prior to their failures.

Regulators Seize Hard-Money Lender A 10-year-old Arizona hard-money lender was seized this week by state regulators. The company was founded by a "second-generation money lender" who started in the business as a teen.

New Warehouse Chief at Chase
A new chief has been tapped to run JPMorgan Chase & Co.'s warehouse lending unit.

Executives In, Executives Out
Much of the recent executive activity tied to financial services has occurred at the federal government -- though at least three private firms and one trade group announced changes at the top.

2009 Death Toll: 80
The failure of three banks on Friday brought to 80 the number of mortgage-related closings this year. Two of Friday's casualties were more than a century old.