Former Cop Admits Role in Mortgage Broker Fraud
A former police officer who was honored for his efforts in reducing violent crimes has admitted to his role in a pre-crisis mortgage fraud scheme.
Mortgage Lender, Credit Union Close Down
A small financial institution located in the Northeast has failed, while a 40-year-old multi-state mortgage lender is in the final stages of closing its doors.
BB&T Home Lending Slows as Servicing, Income Grow
Quarterly mortgage business and earnings for BB&T Corp. moved lower, though the residential loan servicing portfolio moved higher. An acquisition helped push up company-wide staffing and branches.
Merger to Create Credit Union Giant
A planned merger between two credit unions located in the Midwest would be the largest of its kind and create on of the largest U.S. credit unions.
Bernanke's Book Discusses Crisis Era Bank Mergers
A new book by former Federal Reserve Board Chairman Ben S. Bernanke provides another account of the financial crisis and some of the massive mergers that emerged from the crisis.
Banks in South, Northwest Fail
A tiny bank in the Northwest, as well as a mid-sized financial institution that was located in the South, failed last week.
2015 Credit Union Failures Exceed Bank Failures
For the first time in eight years, more federally insured credit unions have been liquidated or placed into conservatorship than federally insured banks.
Bank-Mortgage Mergers Continue
Following a recent spate of mergers between banks and mortgage firms, two more such deals are in the works. Several other mortgage mergers and acquisitions have also closed.
Mortgage Entrepreneur Acquires Bank
The owner of a growing mortgage banking firm has also become a controlling stockholder of a federally regulated financial institution.
Guaranteed Rate Sued by Former Executive
A federal lawsuit filed by a former executive of Guaranteed Rate Inc. will move forward, though three of four counts have been dismissed.