Agencies, Regulators Missed Taylor Bean Red Flags A report from the Office of Inspector General Federal Housing Finance Agency found that the housing finance agencies and regulators missed opportunities to avoid losses from the Taylor, Bean & Whitaker Mortgage Corp. debacle.
Failed Bank's Founder, Directors Agree to Settle The founder of a Florida bank that failed four years ago and seven of its former directors have agreed to settle for more than $5 million allegations that they played a role in the bank's demise.
Ellie Mae to Acquire AllRegs The mortgage industry's curator of lending guidelines is being acquired by the developer of widely used origination software.
FIRREA Saves Chase Again in Lawsuit For the second time in the past month, JPMorgan Chase & Co. has prevailed in litigation because of provisions in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
Fastest Growing Mortgage Employers A ranking of the 100-fastest growing U.S. employers included nine mortgage-related businesses. The fastest growing mortgage firm added more than 1,500 new jobs over a one-and-a-half-year period.