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Three Community Banks Closed

...customers. The four offices of Heritage Community Bank have reopened as branches of MB Financial Bank. The FDIC estimates that the cost to its Deposit Insurance Fund for the failed...

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Banking Groups Sound Off Against RESPA

...home loan financing by rewriting the good-faith estimate and providing stricter provisions for settlement services, such as title insurance. The banking groups argue that HUD should suspend or recall the...

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Wolters Kluwer Consultants Earn CRCM Designation

...hours of ICB-approved, compliance-related training, and passed a comprehensive compliance exam testing their knowledge of a wide variety of banking, securities, and insurance regulations. Ditlevson and Whalen join four other...

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Regulators Set to Launch Bank Stress Tests

...by the U.S. Department of the Treasury, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the...

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McDonnell Rejoins First American

""First American Exchange Company, LLC"":http://www.firstexchange.com, a subsidiary of First American Title Insurance Company, has announced that Margaret ""Margo"" Mucha McDonnell has rejoined the company as regional sales manager for First...

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Treasury Report: Banks Are Lending

...The Treasury said the gain was fueled by falling mortgage interest rates and the Temporary Liquidity Guarantee Program implemented by the Federal Deposit Insurance Corporation (FDIC), which guarantees banks' unsecured...

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Obama Unveils Housing Plan

...the Federal Deposit Insurance Corporation (FDIC), has developed a partial guarantee initiative. An insurance fund of $10 billion will be created by the Treasury Department to discourage lenders from opting...

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