News

The Independent Community Bankers of America (ICBA) has expanded its preferred service provider program with Minneapolis-based Wolters Kluwer Financial Services to include the company's Real Estate Settlement Procedures Act (RESPA) and Regulation GG tool kits, as well as the company's suite of Regulation CC products.

Results-Based Strategies for Managing the Bulk of Business That '09 Left Behind -- First American's David Tiberio lays out effective solutions for addressing elevated levels of REO inventories in 2010 and 2011.

TenantAccess says it has an answer to that looming shadow inventory of foreclosures and REOs that so many analysts fear could get in the way of the nation's housing recovery and lead to a second round of price deterioration for residential properties.

Citigroup is suspending foreclosure actions for about 4,000 borrowers scheduled to lose their home during the holiday season.

Although signs of economic recovery have begun to take shape, don't expect the number of bank collapses to ease that's the opinion of the federal agency that insures the nation's financial institutions.

Treasury released the highly anticipated progress report on the government's foreclosure prevention program Thursday afternoon - which for the first time includes details on the number of trial modifications each servicer has converted to permanent status - and as lenders warned earlier this week, the results were disappointing.

The House Financial Services Committee passed a bill Wednesday that lawmakers say will prevent banks and other financial firms from growing so large that their collapse could disrupt the overall economy.

In order to double its mortgage banking operation, Superior Bank of Alabama announced Tuesday that it will add more than 60 people to its existing operation.

Despite the industry's unprecedented efforts to keep people in their homes, there are more borrowers behind on their mortgage payments than there have been in 37 years.

It's no longer just a proposal the FDIC decided Thursday to implement a new payment structure for banks that requires them to prepay three years of insurance premiums. The agency also signaled that it is putting together new rules that would provide ""safe harbor"" protection for loans bundled in securities, essentially putting these assets out of the FDIC's reach if the selling institution goes under.