twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Financial Regulation News | Mortgage Regulations
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.


Bank Orders Increase

DALLAS -- (June 28, 2010) /PRNewswire/
Regulatory actions against U.S. financial institutions continued higher during the first quarter, albeit at a slower pace, based on a quarterly analysis by -- a leading source of online news and data for the mortgage industry.

Federal regulators took 437 actions against banks and credit unions during the first quarter, a 6% increase from the previous quarter. Activity was up 88% from a year earlier.

Regulatory actions have increased each of the last eight quarters.

The analysis reflects actions reported by the FDIC, the Federal Reserve, the National Credit Union Administration, the OCC and the OTS.

Actions by Quarter
Q1 2010 Q4 2009 Q1 2009
437 412 233

Cease-and-desist orders, which often precede bank failures, came in at 137 -- dropping 15% from the fourth quarter and suggesting bank failures might be near a peak.

Also lower were formal agreements, which often require institutions to shore up capital, improve operations or change management.

But the number of civil money penalties jumped 40%.

Type of Order Q1 2010
Cease-and-Desist 137
Agreement (written and formal) 79
Civil Money Penalty # 73
Removal-Prohibition 57
Other 56
Prompt Corrective Action 26

The biggest jump in activity was at the FDIC, where the number of actions rose 21% from the fourth quarter. The FDIC issued more than twice as many orders as it did a year earlier.

Orders also increased at the OCC.

But actions were down nearly a third at the OTS, while Fed actions were off 5%.

Regulator Q1 2010
FDIC 235
Federal Reserve 55
OCC 77
OTS 54

"While we did see an increase in overall actions, the rate of increase slowed by more than half compared to the fourth quarter," Founder and Publisher Sam Garcia said. "Based on the pace of orders and the number of first-half 2010 failures -- and given no extraordinary market events -- we project between 175 and 200 banks failures during all of this year."

Last year, 140 federally insured banks failed.

The full regulatory actions report is available at:

Complete regulatory news is available at:

Founded in 1998, provides online mortgage news and analysis for the mortgage industry.
Around 1 million news pages are viewed monthly at and its affiliate publications.

3811-700 Turtle Creek Blvd.
Dallas, TX 75219


Public Relations News | PR Agencies | Mortgage Daily Press Releases
Announcements about mortgage industry public relations firms. Stories about building your brand and increasing your exposure.

Logout forgot
Closer Look at Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau was created as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This 16-page summary looks at various provisions of the new law that will affect how the residential mortgage industry operates for the foreseeable future.

Q1 2013 regulatory lawsuits

Q4 2012 regulatory lawsuits

Q3 2012 regulatory lawsuits

Q2 2012 regulatory lawsuits

Q1 2012 regulatory lawsuits

Q4 2011 regulatory lawsuits

Q3 2011 regulatory lawsuits

Q2 2011 regulatory lawsuits

Q1 2011 regulatory lawsuits

Q4 2010 regulatory lawsuits

Q3 2010 regulatory lawsuits

Q2 2009 federal preemption lawsuits

Q4 2008 federal preemption lawsuits

Q3 2008 federal preemption lawsuits

Q2 2008 federal preemption lawsuits

full-year 2007 federal preemption lawsuits

Financial Regulation News
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.
Bank news

Credit Union news

Mortgage Regulation Table

Regulatory Actions Against Financial Institutions

Q1 2011

Q4 2010

Q3 2010

Q2 2010

Q1 2010

Q4 2009

Q3 2009

Q2 2009

Q1 2009

Q4 2008

Q3 2008

Q3 2009 Regulator Litigation

Regulatory Statistics

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news