Tennessee Bank Fails
A bank out of Tennessee has been seized by state regulators and closed down. Meanwhile, it was recently revealed that United Wholesale Mortgage's retail unit previously closed down.
HomeStreet Origination Slip, Servicing Up
Residential loan originations during the first quarter declined from the final-three months of last year at HomeStreet Inc. But the servicing portfolio grew.
BBT Originations Edge Up, Servicing Slips
Quarterly mortgage originations were slightly higher than three months prior at BB&T Corp., though the mortgage investment and servicing portfolios were slightly lower.
Senior Mortgage Managers Shuffled
A new top executive was recently named to a government-sponsored enterprise. Outside the c-suite, a number of mid-sized and small mortgage firms have filled a variety of executive positions across the country.
Another Investment Banker Settles With NCUA
Just one day after disclosing a settlement with an investment banker over toxic residential mortgage-backed securities, the National Credit Union Administration is at it again.
Credit Suisse RMBS Settlement Bumped Up
A settlement between Credit Suisse and the federal regulator of credit unions has been increased by more than $20 million.
6 Credit Unions Shut Down in 1 Day
The nation's credit union regulator has seized six federally insured credit unions and shut them all down. While there was a recent bank failure, credit unions remain the problem.
Mortgage Mergers and Acquisitions
Some or all of the ownership interest in several mortgage firms has been acquired by varying investors, including two bank-holding companies. An upcoming acquisition is being investigated by attorneys.
Another Credit Union RMBS Settlement
The regulator for the nation's credit unions has agreed to another settlement that is tied to investments in faulty residential mortgage-backed securities.
W.J. Bradley to Wind Down
W.J. Bradley Mortgage Capital LLC has decided to call it quits after 17 years in business. Hundreds of employees are potentially impacted.