The U.S. View original post here: Fitch: Top 20 Banks May See $80B in Losses … [Read more...]
Lawmaker: Is the FHA Broke?
February 28, 2012 by
The acting commissioner for the Federal Housing Administration fended off continuing concerns about the agency’s fiscal solvency Tuesday during testimony to the House Financial Services Committee. Visit link: Lawmaker: Is the FHA Broke? … [Read more...]
House Prices Hit Lows Not Seen Since 2002: Case-Shiller
February 28, 2012 by
Home prices reached fourth-quarter lows not seen since 2002, with the Standard & Poor’s/Case-Shiller Index yielding 3.8 percent in declines for December last year. The index found that prices fell 4 percent year-over-year, alongside 1.1 percent in month-over-month declines for 10- and 20-city … [Read more...]
Severn Promotes Senior Leader to CFO
February 28, 2012 by
Community financial institution, Severn Savings Bank has named a new chief financial officer. The Maryland-based bank recently promoted Stephen W. Lilly to the leadership role. Read the article: Severn Promotes Senior Leader to CFO … [Read more...]
FBC Strikes Agreement with Department of Justice
February 28, 2012 by
The U.S. Department of Justice (DOJ) has reached a deal with Flagstar Bancorp, Inc. (FBC). Continue Reading: FBC Strikes Agreement with Department of Justice … [Read more...]
Heartland and Fiserv Updated Technology Partnership
February 28, 2012 by
Heartland Financial USA, Inc., has announced a new technology platform to enhance the company's loan servicing operations and processes. Heartland recently selected the LoanServ program from Fiserv, Inc., for its technology provisions. Follow this link: Heartland and Fiserv Updated Technology … [Read more...]
Pending-Home Sales Eclipse 2011 Figures by 8%: NAR
February 27, 2012 by
Pending-home sales shot up by 8 percent year-over-year in January, according to the National Association of Realtors. The trade group found that pending-home sales – contract signings for homes that have not yet closed – rose from 89.8 in January last year, which it indexes on a … [Read more...]
Two Banks Go Under, Lifting National Tally to 11
February 25, 2012 by
The lights went dark for two banks in Georgia and Minnesota Friday, with one unable to secure an acquirer for deposits. The cash registers at Little Falls-based Home Savings of America fell silent without any bank scheduled to take up $434.1 million in total assets and $432.2 million in total … [Read more...]