...into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership all loans and certain other assets of Silicon Valley Bridge Bank. First-Citizens was selected...
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The Week Ahead: Maximizing Vendor Relationships
...(Wednesday) MBA Weekly Applications Survey (Wednesday) Realtor.com Weekly Housing Market Recap (Wednesday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Department of Labor's Unemployment Insurance Weekly Claims Report (Thursday) ...
Read More »Risky Fire Practices Decreasing Nationwide
The Hartford Home Fire Index, published by The Hartford, a property and casualty insurance provider, has released it third index tracking the probability of home fires in the top 150...
Read More »Flagstar Bank Acquires Certain Assets From Signature Bridge Bank
New York Community Bancorp Inc. (NYCB) announced that its bank subsidiary, Flagstar Bank, has acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the Federal Deposit Insurance...
Read More »SVB Financial Group Announces Chapter 11 Commencement
...the bank's private banking and wealth management business, SVB Private. The bank's successor, Silicon Valley Bridge Bank, N.A., is operating under the jurisdiction of the Federal Deposit Insurance Corporation ("FDIC")...
Read More »HUD Reinstates 2013 “Discriminatory Effects” Rule
...lending and property insurance policies, and criminal records policies. Accordingly, having a workable discriminatory effects standard is vital for the Biden-Harris Administration to accomplish its goal of creating a housing...
Read More »The Week Ahead: Ginnie Mae President to Address Affordable Housing Solutions
...Survey (Wednesday) Realtor.com Weekly Housing Market Recap (Wednesday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S. Department of Labor's Unemployment Insurance Weekly Claims Report (Thursday) Black Knight Webinar: How New...
Read More »Weinstock Promoted to Essent Group’s CFO
Essent Group Ltd., a leading provider of mortgage insurance and reinsurance, announced today the promotion of David B. Weinstock to the role of SVP, CFO of Essent Group Ltd. Weinstock...
Read More »FDIC Taps Former Fannie Mae President Mayopoulos as CEO of SVB
Tim Mayopoulos, CEO, Silicon Valley Bank The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae head Tim Mayopoulos as CEO of Silicon Valley Bank, a subsidiary of the...
Read More »HUD Addresses Housing Goals in President’s 2024 Budget
...insurance premiums new borrowers will pay by about one-third. This action, effective in 2023, will save the average FHA borrower approximately $800 in the first year of their mortgage loan....
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