Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $26.3 billion in the fourth quarter of 2011, a $4.9 billion improvement from the $21.4 billion in net income the industry reported in the fourth quarter of 2010. This … [Read more...]
Nationwide Title Clearing Raising Funds for Cancer Awareness
February 27, 2012 by
Nationwide Title Clearing (NTC) employees have announced that they have raised more than $3,900 for Relay for Life Palm Harbor, which will be held on April 13, 2012 at Palm Harbor University High School. They currently have 29 members on their team and will continue to “fun-raise” in order to … [Read more...]
Flagstar CEO Campanelli Projects Profitability fro 2012 as FHA and HUD Issues Are Resolved
February 27, 2012 by
Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, announced that it has entered into an agreement with the U.S. Department of Justice (DOJ) relating to underwriting practices associated with loans insured by the Federal Housing Administration (FHA) of the U.S. Department of Housing & … [Read more...]
Home Sales Nationwide Fall 0.1 Percent in Q4
February 27, 2012 by
U.S. See original article: Home Sales Nationwide Fall 0.1 Percent in Q4 … [Read more...]
First Guaranty Mortgage Partners With NAREB on Homeowner’s Assurance Program
February 27, 2012 by
First Guaranty Mortgage Corporation (FGMC) will participate in the Homeowner’s Assurance Program (HAP), a non-profit partnership created by the National Association of Real Estate Brokers (NAREB) to address the impact of the mortgage crisis in a number of urban communities nationwide. Read the … [Read more...]
Pending Home Sales Reach Highest Mark Since April 2010
February 27, 2012 by
Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR). The Index is a forward-looking indicator based … [Read more...]
HUD Charges Bank of America With Discrimination Against Disabled Homebuyers
February 27, 2012 by
The U.S. Department of Housing & Urban Development (HUD) is charging Bank of America with discriminating against homebuyers with disabilities See original article: HUD Charges Bank of America With Discrimination Against Disabled Homebuyers … [Read more...]
Sales of Newly-Built Homes See Slight Decline in January
February 24, 2012 by
Sales of newly-built, single-family homes declined by less than one percent in January from an upwardly revised number in the previous month to hit a seasonally adjusted annual pace of 321,000 units, according to data jointly released by the U.S. Department of Housing & Urban Development (HUD) and … [Read more...]