The Nevada Department of Business and Industry, Financial Institutions Division, seized Carson River Community Bank.
The Washington Department of Financial Institutions closed down Rainier Pacific Bank because of inadequate capital and severe loan losses.
Assurity Financial Services LLC notified its customers that it would wind down operations last week, according to a copy of a [...]
Mail this post The dollar volume of mortgage insurance written during January dropped 18 percent from December, the Mortgage Insurance Companies of America reported.
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Mail this post The Appraisal Institute announced the results of a new study outlined in its quarterly newsletter.
The researchers examined how Zillow’s AVM estimates, or "Zestimates," compare to actual sales prices.
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Mail this post The U.S. Department of Justice announced that a mortgage fraud summit was held in Florida.
Representatives of the Financial Fraud Enforcement Task Force met with members of the Miami community including representatives from banks, mortgage companies and real estate firms.
The task force was established in November 2009 by the Barack Obama administration "to wage [...]
Mail this post Fourth-quarter residential loan delinquency of at least 30 days, including nonaccrual loans, increased nearly 100 basis points from the third quarter, based on bank data from the Federal Deposit Insurance Corporation.
Late payments were more than 300 BPS higher than a year ago.
Looking at just delinquency of 90 days, the rate jumped 64 BPS [...]
Mail this post An alliance between AssetPlanUSA and DepotPoint will enable mortgages servicers to utilize short sales as an effective loss mitigation tool, the two companies announced.
Servicers searching for help with the Home Affordable Foreclosure Alternatives Program can turn to Retreat Capital Management Group, which said it added REO- and HAFA-compatible short-sale processing and listing solutions to [...]
Mail this post The Federal Deposit Insurance Corporation reported that banks were closed down last week by the Office of the Comptroller of the Currency, the Office of Thrift Supervision and two state bank regulators.
The president of Homeland Federal Mortgage in Tulsa, Okla., issued a statement indicating that the company closed in December, Tulsa World reported.
He [...]
Mail this post Eric Carper has announced his candidacy for Berkeley County Council.
The county is located in West Virginia.
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Mail this post On a seasonally adjusted basis, delinquency of at least 30 days, including foreclosures in process, fell 6 basis points, the Mortgage Bankers Association reported.
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Mail this post In a lender letter, Fannie Mae said Essent Guaranty Inc. has been approved to provide mortgage insurance on conventional first mortgages.
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