FDIC put a date on the closure of the last of its satellite offices established in the wake of the financial crash. The agency's East Coast Temporary Satellite Office (ECTSO), located in Jacksonville, Florida, will close April 5, 2014.

Wingspan Portfolio Advisors, based in North Texas, is planning to lay off 459 employees at the end of the year, the company announced in a letter to the Texas Workforce Commission. In a notice issued under the Worker Adjustment and Retraining Notification Act, Wingspan said the layoff is a direct result of the cancellation of a client contract.

Joellen Raiti, Nationwide Title Clearing (NTC) VP and author of the company's latest white paper, says trailing documents have become a major problem for some banks, exposing them to risk and costing servicers time and money.

Two more banks have lost in their attempts to dismiss claims of misconduct in sale of mortgage-backed securities (MBS) to Fannie Mae and Freddie Mac. U.S. District Judge Denise Cote rejected motions filed by Goldman Sachs and Deutsche Bank, two of 16 defendants brought before her court by the Federal Housing Finance Agency (FHFA). In their arguments, attorneys for Deutsche Bank and Goldman say that FHFA's allegations are inadequate to support its claim of fraud.

Williston Financial Group (WFG), the parent company of WFG National Title Insurance Company and WFG Title Insurance Company, announced it is extending its southern California presence with the acquisition of ITC Holdings, Inc., the parent of Investors Title Company.

Greystone, a leading national provider of multifamily and commercial mortgage loans, announced it is teaming up with The Bassuk Organization to form the Greystone Bassuk Group. The group's aim is to provide expanded real estate and financial services, including creative debt and equity financing, to commercial real estate (CRE) clients with multifamily assets across the United States.

Sabal Financial announced the launch of a commercial real estate (CRE) lending program to provide bridge loans for value-add real estate opportunities. The program will initially provide bridge loans across all income-producing property types across the West Coast.

Fairway Independent Mortgage Corporation, the Boot Campaign, and the Military Warriors Support Foundation (MWSF) are joining forces once again to present a mortgage-free home to a wounded military veteran and Purple Heart recipient. U.S. Army Staff Sgt. Edward Cummings, who served in both Iraq and Afghanistan, and his family will be honored as part of Operation Grateful Nation, a special celebration being held in honor of American veterans on November 10 in Leesville, Louisiana. The home is a donation from Chase.

In a regulatory filing released Thursday, JPMorgan Chase revealed it has reached a settlement with the Securities and Exchange Commission (SEC) to resolve claims against itself and Bear Stearns, which it acquired in 2008. According to the filing, JPMorgan ""has reached an agreement in principle with the staff of the SEC to resolve"" claims under investigation by the regulatory agency. The agreement is subject to SEC and court approval.

It's been a tumultuous couple of weeks for Americans, but mortgage rates have been rock-steady. Freddie Mac reported mixed rate movements for the week ending November 8, but any budges made were small. The average rate for a 30-year fixed-rate mortgage (FRM) for the week was 3.40 percent (0.7 point), up slightly from 3.39 percent in the previous week's survey. The 15-year fixed average fell, meanwhile, dropping to 2.69 percent (0.7 point) from 2.70 percent previously.