Tag Archives: FDIC

The FDIC announced that PwC had agreed to a final settlement stemming to accusations of professional negligence during their audits of Colonial Bank, which collapsed in 2009.

Here’s what the banking regulators’ recently amended private flood insurance provisions of the Biggert-Waters Flood Insurance Reform Act would mean for lenders, insurance companies, and servicers.

A proposed change in appraisal regulations could move a regulatory goalpost that’s been in place since 1994. Click through to learn how these proposed alterations could impact the industry.

A new report analyzing the mortgage servicing profiles of some of the biggest banks and nonbanks revealed why the market for MSRs and reverse mortgages remains healthy.

Unemployment, exchange rates, prices, income, and interest rates are some of the economic factors that will reveal whether banks in the U.S. are armed with robust capital planning processes and sufficient capital to continue operations during times of economic or financial ...

The economic concerns following the destruction of Hurricane Maria stretch further than the islands. As some states are faced with an influx of refugees putting a strain on their housing market, the federal agencies step in to address the issues at hand.

According to a recent report, the Federal Deposit Insurance Corp. is continuing to push its complaints toward Alabama’s Colonial Bank and its affiliates for allegedly selling risky RMBS.

A handful of banks may find old cases revived in the near future, after a recent U.S. District court ruling. Will the FDIC take action?

Due to a shortage of licensed and certified appraisers, major national financial regulatory agencies have issued an advisory to help reduce delays in the consideration of loan applications in rural communities. Since loans cannot be executed without appraisals, the advisory outlines two options to remedy the problem. The FDIC has suggested that states issue temporary practice permits and engage in reciprocity, or that effected institutions submit a request temporary waivers to set aside licensing requirements.

In April of this year, the Fed and FDIC determined that each of the 2015 resolution plans, or “living wills," for eight domestic banking institutions were not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code. What have these firms done to resolve their deficiencies?