MortgageDaily – 2 Banks and 1 CU Fail, Net Branch Implodes
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 bulletin from the company’s chief executive officer that was published by the Mortgage Lender Implode-0-Meter — which withdrew its "A" ranking of Assurity as a "Top Non-Imploded" retail and wholesale lender.
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