The Federal Deposit Insurance Corp. (FDIC) has reached a settlement of roughly $64 million with former senior executives of Washington Mutual Bank, senior agency officials said Tuesday.
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In January, Fitch Ratings put out a report that highlighted ratings volatility in securitizations that are retained by European originators, primarily to use as collateral for funding with the European Central Bank (ECB).
February 1 -
In his Jan. 24 State of the Union address, President Obama stated that he was sending to Congress a plan that gives responsible homeowners the chance to refinance into historically low rates. He said that through this prospective program, homeowners can save roughly $3,000 per year on their mortgage.
February 1 -
The Consumer Financial Protection Bureau still has to make a key decision before it can finalize a regulation that will determine what kind of loans -- and features -- mortgage bankers can offer consumers without facing potential legal liability of up to $100,000 per unit.
February 1 -
The national vacancy rate for single-family homes fell in 2011 as foreclosures slowed and sales of empty units increased by 14% over the past four quarters, according to new government figures released Tuesday morning.
February 1 -
The banking regulators reissued guidance on Tuesday that requires institutions to monitor all credit quality indicators for mortgage borrowers, specifically citing junior liens as a potential problem.
February 1
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Ally Financial disclosed Tuesday that it will incur a $270 million charge in the fourth quarter – and an overall loss for the entire firm – due to what it calls “penalties” imposed by regulators and the states tied to “foreclosure related matters.”
January 31 -
Hogan Lovells has expanded its New York finance practice by adding Peter Humphreys and Evan Koster.
January 31 -
DZ Bank sued JPMorgan Chase yesterday in the New York State Supreme Court in Manhattan, according to a Bloomberg report.
January 31 -
Philadelphia-based financial services firm Janney Montgomery Scott has expanded its capital markets group with new hires and plans to open an office in Dallas.
January 31 -
The agency debt and agency MBS fails charge trading practice recommended by the Treasury Market Practices Group (TMPG) goes into effect tomorrow.
January 31 -
As part of its plan to launch its commercial lending unit in April, General Motors Financial Co. (GM Financial) has chosen DataScan Technologies as its systems provider for the business.
January 31 -
PFS Financing Corp. is in the market with a $300 million premium finance ABS. The deal comprises a Class A worth $288 million and a Class B worth $12 million.
January 31