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End of the Line for Century Old Bank - GreenChoice Bank fails | July 26, 2014...
Friday, the Office of the Comptroller of the Currency seized the bank, closed it down and appointed the Federal Deposit Insurance Corp. as receiver. The OCC
www.mortgagedaily.com/stories/Closings072614.asp
 
SunTrust Hit With $160 Million Penalty - SunTrust Hit With $160 Million Penalty | ...
from banking regulators. The consent orders were the result of shoddy handling of foreclosures and loan modifications and required the servicers to correct
www.mortgagedaily.com/stories/SunTrustPenalty072614.asp
 
HMDA Reporting Revisions Proposed - Rule intended to simplify reporting, protect...
Reform and Consumer Protection Act of 2010, the ... about the residential mortgage market and shed ... housing, and manufactured housing. As part of the simplification strategy, the rule would
www.mortgagedaily.com/stories/HmdaReporting072414.asp
 
System Helps Lenders Cater to Online-Savvy Users - Ellie Mae announces new...
and pricing details, along with the appropriate disclosures. The single system of record eliminates multiple databases and keeps data consistent, compliant and easily accessible in
www.mortgagedaily.com/stories/EllieConsumerDirect072314.asp
 
Flagstar Production Up as Servicing, Staffing Fall - Q2 mortgage originations...
480 billion at the close of the first quarter and slashed ... as of the end of March and falling ... expense in the current mortgage environment and are managing expenses in order to be
www.mortgagedaily.com/stories/FlagstarProduction072314.asp
 
Prison for Former BofA Short Sale Employee - Took bribes and caused losses | July ...
also ordered Lauricella to repay Bank of ... 2011 and that the bank cooperated with the FBI investigation of the case ... and title insurers trying to reclaim losses. "The banks suffered losses
www.mortgagedaily.com/stories/MctSentencingBofa072214.asp
 
How to Avoid Balloon Mortgage Payment - | , 2014 | Mortgage Daily
The lender requires only that you pay interest and principal on a portion of your loan in order to ... would be the total of all of this deferred ... Graveyard mortgage insurance news mortgage
www.mortgagedaily.com/consumers/MctModifications072114.asp
 
How to Pay Off Mortgage Early - The Mortgage Professor: 2 unorthodox ways to pay...
borrow $280,000 and make a payment of $1,432 instead of the ... on the loan amount, including points and origination fees, title insurance and per ... religiously, the life of the mortgage
www.mortgagedaily.com/consumers/MctPaydowns072114.asp
 
South Sees Two Financial Institution Failures - Recent mortgage-related...
hit with a Federal Deposit Insurance Corp. cease-and-desist order in October 2009. An order issued by the Superior Court of Rockdale County, Ga., appointed the FDIC as receiver The
www.mortgagedaily.com/stories/Closing072014.asp
 
Concern Over GSE Shift to Smaller Sellers - GSEs buying more loans from smaller...
lenders and sold them to the pair of ... the Enterprises' Purchases of Mortgages from Smaller Lenders and Nonbank Mortgage Companies from the Federal Housing Finance Agency Office of
www.mortgagedaily.com/stories/SmallGseSellers071814.asp
 
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Federal Reserve Regulatory Actions

Federal Reserve Board releases order related to previously announced monetary sanctions against SunTrust Banks, Inc.

Federal Reserve Board issues enforcement action with State Bank and termination of enforcement actions with NASB Financial, Inc., and NexTier Incorporated

Federal Reserve Board issues enforcement action with Turkiye Cumhuriyeti Ziraat Bankasi and Turkiye Cumhuriyeti Ziraat Bankasi New York Branch

Federal Reserve Board announces civil money penalty and issues cease and desist order against Cole Taylor Bank

Federal Reserve announces civil money penalty and issues cease and desist order against BNP Paribas, S.A.

Federal Reserve Board announces money penalty and issues consent order against Regions Bank

Federal Reserve Board issues enforcement action with First Southern Bank

Federal Reserve Board issues enforcement action with Allied First Bancorp

Federal Reserve Board announces termination of enforcement actions with Anchor Commercial Bank, Columbia Commercial Bancorp, Patriot Bancshares, Inc., and Patriot Holdings Nevada, Inc.

Federal Reserve Board issues enforcement action with CBOA Financial, Inc., and announces termination of enforcement action with Foundation Bancorp, Inc.

Federal Reserve Board issues enforcement action with Columbus Junction State Bank

Federal Reserve Board announces termination of enforcement actions with First Banks, Inc., The San Francisco Company, and First Bank

Federal Reserve Board announces the issuance of an order of dismissal dismissing an enforcement action

Federal Reserve Board issues enforcement action with Western Bank, and termination of enforcement actions with TCM Company and Tonganoxie Bankshares, Inc.

Federal Reserve Board announces civil money penalty and issues cease and desist order against Credit Suisse

 
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