A temporary satellite office will be opened by the Federal Deposit Insurance Corporation in the Chicago area, a press release indicated. The new office will manage receiverships and liquidate assets from failed Midwestern banks. Up to 500 non-permanent staff and contractors will be housed at the new office.Read more…
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In a Securities and Exchange Commission filing, Ambac Financial Group Inc. agreed to a severance package for senior director Robert G. Shoback. Another SEC filing indicated Ambac’s managing director and controller, Robert Eisman, was appointed senior managing director and chief accounting officer. John F. Woodhead recently became a senior management consultant at Applied Facts, a [...]
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Great news about the restart of Hope for Homeowners program! The Hope for Homeowners program will be taking applications shortly! I am very excited to announce that the Helping Families Save Their Homes Act of 2009 has amended [...]
First Catholic Federal Credit Union filed a lawsuit in against CUSO Mortgage Inc., according to court documents. First Catholic seeks to void a 2 percent being charged by CUSO to transfer its servicing portfolio to another servicer. A class action was filed against Sterling Savings Bank and parent Sterling Financial Corp. by employees who invested [...]
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Loan modifications are becoming more common place, but the process hasn’t become any easier as homeowners become frustrated as they still have a maze to navigate through with their lender.
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If you own your own home, you know that your home is a prized possession and your greatest long term investment, but it is also your biggest debt. You can improve your financial situation and lower your mortgage payments [...]
