...in Arizona, Florida, Indiana, Minnesota, Missouri, and Nevada. From these offices, the lender provides trust and investment management, equipment leasing, mortgage banking, asset-based lending, financial planning, investments, and insurance services....
Read More »Search Results for: insurance
Four Banks Shuttered as Failed Tally Hits 41
...in a loss of more than $36 billion for the Federal Deposit Insurance Corporation. ""Key West Bank"":http://www.keywest-bank.com is the sixth institution to go under in Florida this year. It was...
Read More »Prommis Solutions Appoints Three New Execs
...guidance to senior management. Volentine has more than 30 years' experience as in-house counsel for a variety of banking, mortgage lending, insurance, and financial institutions. He joins Prommis after serving...
Read More »Freddie Mac Approves PMAC as Eligible Mortgage Insurer
...insurance. [IMAGE] [COLUMN_BREAK] Pursuant to Freddie Mac's approval, PMAC may write new mortgage insurance business in certain states in the event that MIC is required to cease operations in those...
Read More »Seven Banks Shuttered by Regulators
...step in and take over Bank of Hiawassee. The FDIC expects the closure to cost its insurance fund $232.6 million. [COLUMN_BREAK] Century Security Bank in Duluth, Georgia operated two branches...
Read More »Bank of America Sues First American
...Program, more of a ""lien protection"" plan than full-fledged title insurance. Mortgage lenders, including Bank of America, started turning to these lien protection plans because they were faster and cheaper,...
Read More »Outstanding Commercial/Multifamily Mortgage Debt Declines in Q4 ’09
...$690 billion or 20 percent of the total. Life insurance companies held $307 billion or 9 percent of the total, and savings institutions held $184 billion or 5 percent of...
Read More »Four More Community Banks Closed by Regulators
...National Bank entered into a loss-share transaction on $181.5 million of LibertyPointe Bank's assets. The FDIC expects this closure to cost its deposit insurance fund $24.8 million. Valley National Bank...
Read More »FHA Changes Should be Approached With Caution: NAR
...In addition, NAR opposes a new FHA initiative that increased the up-front mortgage insurance premium (MIP) from 1.75 percent to 2.25 percent and reduced seller concessions from 6 percent to...
Read More »FHA Commissioner Defends Low Downpayments
...downpayment. In addition, the FHA plans to bump up-front mortgage insurance premiums paid by borrowers from 1.75 percent to 2.25 percent â€" a change which takes effect April 5 â€"...
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