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News About ("Federal Deposit Insurance Corporation") OR (FDIC)

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Found 1193 items, now showing 1 - 25

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Mortgage Firm Acquiring Bank - | Mortgage Daily
Single-family assets amounted to $6 million, while commercial real estate holdings totaled $10 million. An FDIC consent order was issued against Superior Bank in 2010 requiring it
www.mortgagedaily.com/stories/AcquisitionSuperior111317.asp
 
Bank Regulators Waive Appraisals in Hurricane Areas - Action taken to ensure...
An FDIC spokeswoman confirmed in a written statement that the exception applies to both single-family loans and commercial mortgages. next story back to current headlines
www.mortgagedaily.com/stories/AppraisalWaiver101717.asp
 
1st Bank Failure in 5 Months - Kansas bank was 116 years old | Oct. 16, 2017...
In turn, the FDIC held a secret bidding process and awarded ... million in construction-and-land-development loans. The FDIC estimates that Farmers and Merchants' failure will cost
www.mortgagedaily.com/stories/ClosingFarmersMerchants101617.asp
 
Mortgage Firm Loses Texas Lawsuit - 3-decade-old loan at issue | Oct. 2, 2017...
Yeakel said in his ruling the fact that the FDIC could not find the documents "over two decades after the event in question" was not evidence they didn't exist. Fred Jones, whose
www.mortgagedaily.com/stories/TnsLawsuitJbMortgage100217.asp
 
US Still Grappling With Too Big to Fail - Republicans, Democrats differ on how to ...
The law requires that the FDIC fire the firm's management ... banks now pay to the FDIC to cover deposit insurance. "The ... the former chairwoman of the FDIC. "This is not a bailout
www.mortgagedaily.com/stories/TnsDoddFrank081017.asp
 
IRLC Valuation Changes Could Have Big Impacts - Warehouse lenders see net worth...
These FDIC-insured warehouse lenders are required to receive financial statements prepared in accordance with GAAP every month or every quarter from their independent mortgage
www.mortgagedaily.com/stories/MBSRateLockGaap071017.asp
 
Bank Unloads Mortgage Business - New York Community Bank acquired business from...
Bancorp additionally revealed that it has received FDIC approval to sell the majority of its single-family assets to an affiliate of Cerberus Capital Management LP. The carrying
www.mortgagedaily.com/stories/AcquisitionNycb062717.asp
 
Ginnie MSRs Being Offered on Behalf of Failed Bank - Guaranty Bank failed in May |...
Mae loans with a collective unpaid principal balance of $73 million. The FDIC is selling ... representative for the FDIC, released details about ... by the FDIC without negotiation."
www.mortgagedaily.com/stories/MsrOffering062617.asp
 
123-Year-Old Bank Fails - Fayette County Bank established in 1894 | May 30, 2017 |...
The cost to the FDIC of the bank's demise, the sixth so far this year, is estimated at $10 million. Mortgage Daily has tracked the closing or failure of 12 mortgage-related
www.mortgagedaily.com/stories/Closings053017.asp
 
Flagstar CEO Reflects on Bank's Transition - Interview with Alessandro DiNello...
They either went out of business or were merged into somebody else by the FDIC. Flagstar was unique in that we were able to find a way through the recession and survive. The only
www.mortgagedaily.com/stories/TnsFlagstarCeo051517.asp
 
Investors Baffled Over OCC's Closure of WI Bank - Investors were on verge of re...
Bank when it failed last year. The FDIC said only 12 stand- ... employees. The closure cost the FDIC's deposit insurance fund $146 ... twice, records from the FDIC show. Its worst calendar
www.mortgagedaily.com/stories/TnsClosingGuarantyBank050917.asp
 
Failed Wisconsin Bank to Cost FDIC Nearly $150 Mil - OCC closes Guaranty Bank...
Guaranty has posted a profit just twice, records from the FDIC show. Its worst ... 000 employees. The FDIC estimates that the ... costly resolution, the FDIC said. Guaranty Bank
www.mortgagedaily.com/stories/TnsClosingGuarantyBank050817.asp
 
Nearly $1 Billion in FDIC Losses from Bank Failure - Recent-mortgage related...
Failed, closed and a c q u i r e d mortgage-related entities. Nearly $1 Billion in FDIC Losses from ... In turn, the FDIC conducted a secret ... Losses to the FDIC's Deposit Insurance
www.mortgagedaily.com/stories/Closing050117.asp
 
Small Utah Bank Fails - 2017 on track to surpass 2016 bank failures | March 7...
Proficio's deposits and purchase $60 million of its assets. Estimated costs to the FDIC's Deposit Insurance Fund are expected to reach $11 million as a result of the bank failure
www.mortgagedaily.com/stories/ClosingProficio030717.asp
 
Chicago Bank is 2nd Bank Failure of 2017 - Recent mortgage-related business...
In turn, the FDIC held a secret auction and awarded the winning bid ... purchase $309 million of its assets. The cost to the FDIC's Deposit Insurance Fund as a result of the failure
www.mortgagedaily.com/stories/Closings013017.asp
 
Tozer Recounts Time as President of Ginnie Mae - Previously worked at National...
while the FDIC guarantees principal and interest on certificates of deposits for banks, Ginnie guarantees principal and interest on MBS for issuers. He noted that at the time he
www.mortgagedaily.com/stories/GinniePresident012317.asp
 
NJ Bank is First to Fail in 2017 - Recent mortgage-related business closings...
Community, the first FDIC-insured bank failure so far in 2017, is expected to deplete the Deposit Insurance Fund by $22 million. Last year, just five banks failed, fewer than
www.mortgagedaily.com/stories/Closing011617.asp
 
Non-Banks Grow Share of Mortgage Originations - Total Q3 production $568 billion |...
Included in the most-recent quarter were $245 billion in mortgage originations at banks, according to FDIC data. Bank lending accelerated from $213 billion in the second quarter
www.mortgagedaily.com/stories/MarketShare122016.asp
 
Treasury Secretary Candidate Has Mortgage History - Steven Mnuchin contender for...
Stein's nonprofit, which said it obtained the figures from the FDIC through a public-records request. FDIC losses ultimately are ... popping returns, the FDIC loss-sharing agreement
www.mortgagedaily.com/stories/TnsTreasurySecretary112316.asp
 
114-Year-Old Bank Fails - Recent mortgage-related closing activity | Sept. 26...
Colonial's $20 billion in deposits from the FDIC. It also acquired $ ... sharing agreement with the FDIC. Last week, BB&T ... payment to the FDIC. In return, the FDIC will no longer
www.mortgagedaily.com/stories/Closings092616.asp
 
FDIC Settlement Nets Chase Over $600 Million - Agreement tied to WaMu acquisition ...
Stories about legal settlements, judgments and mortgage class actions. FDIC Settlement Nets ... receiver, and the FDIC negotiated a deal ... disputes with the FDIC was executed. Chase
www.mortgagedaily.com/stories/SettlementChase082216.asp
 
4th Bank Failure of 2016 - The Woodbury Banking Co. fails | Aug. 22, 2016...
Bank agreed to assume all of the failed bank's deposits and acquire $18 million of its assets. The FDIC expects to deplete its Deposit Insurance Fund by more than $5 million as to
www.mortgagedaily.com/stories/ClosingWoodbury082216.asp
 
Mortgage Closures Include Wholesale, Correspondent - Recent mortgage-related...
Losses to the FDIC's Deposit Insurance Fund are expected to reach $11 million. It was the third bank failure this year. The National Credit Union Administration reported in June
www.mortgagedaily.com/stories/Closings080816.asp
 
Proposed Guidance for 3rd-Party Lending at Banks - Comment period extended | Aug. ...
The FDIC noted that third-party lending activities should be incorporated into the strategic planning process. Third-party lending policies also need to be established, and the
www.mortgagedaily.com/stories/ThirdPartyLendingBanks080816.asp
 
Investment Bankers Settle RMBS Claims - Failed bank investments at issue | June 2,...
The FDIC as receiver for failed ... order to maximize recoveries," an FDIC statement Thursday said. The FDIC filed the lawsuits on behalf ... LLC. In all, the FDIC said it has filed
www.mortgagedaily.com/stories/SettlementFdic060216.asp
 
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