""WFG National Title Insurance Company"":http://www.WFGNationalTitle.com has added Stephen Sklamba and Liz Pecoraro to its Louisiana agency division. [IMAGE] Sklamba will serve as a VP and Louisiana underwriting counsel for the...
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Regulators Shut Down Florida and Colorado Lenders
...totaling $275 million. The FDIC estimates that the cost to its Deposit Insurance Fund (DIF) for Southshore Community Bank will be $8.3 million and for LandMark Bank of Florida, $34.4...
Read More »Robo-Signing Investigations Are Ongoing
...Senate Subcommittee on Housing, Transportation, and Community Development, sent a letter Wednesday to the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve....
Read More »PMI Group, Inc. Launches Reward Program for Homeowners
...by PMI Mortgage Insurance Co. [COLUMN_BREAK] The RH Reward is specifically designed to help homeowners who owe more on their mortgages than their homes are currently worth, specifically when their...
Read More »FDIC Files Suit Against IndyMAC
The Federal Deposit Insurance Corporation (FDIC) has filed suit against former IndyMAC Bancorp Inc. Chief Executive Officer Michael Perry for $600 million in losses caused by risky mortgage loans. [IMAGE]...
Read More »Regulators Close Three Banks
...Colorado Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [IMAGE] ""First Chicago Bank & Trust"":https://www.firstchicago.com/, Chicago, Illinois, was closed by the Illinois Department of Financial...
Read More »WFG National Title Grows Presence in Washington with Acquisition
...National Title Insurance Company"":http://www.WFGNationalTitle.com, WFG Lender Services, and WFG Title Insurance Company. ""WFG has already established itself in the Northwest, and this transaction solidifies our presence and service capa- [COLUMN_BREAK]...
Read More »Private Mortgage Insurers See More Defaults Than Loan Cures
...Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, PMI Mortgage Insurance Co., Radian Guaranty, and Republic Mortgage Insurance Company. These companies help loan originators and investors make mortgage funds available to...
Read More »Prospect Mortgage Offers Renovation Loans for Fannie Mae REOs
...offers a low-interest-rate loan with no mortgage insurance obligations and requires an appraisal to determine the property's market value after improvement completion. Buyers purchasing HomePath properties as primary residences only...
Read More »Default Risk in Reverse Mortgage Sector Prompts Lender Exodus
...is the possibility that missed payments of taxes or insurance by a borrower could trigger a default on federally insured reverse mortgages. ""[L]enders don't want to be in a position...
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