...investors demand political risk insurance, which is one reason for higher borrowing costs. Second, there are conflicts between servicers and investors. Under the Housing and Economic Recovery Act of 2008...
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Four Community Banks Closed in Four States
...appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with ""TIB Bank"":http://www.tibbank.com/ of Naples, Florida, to assume all of the deposits...
Read More »Ohio Default Firm and Kentucky Affiliate Hire Directors
...of the default services division at Public Abstract Corporation, a wholly owned subsidiary of First American Title Insurance Company of New York. While with Public Abstract Corporation, LoVerde's responsibilities encompassed...
Read More »Banking Advisors Offer Mark-to-Market Forum
...address these problems and get the economy moving again,"" Berg said. Under mark-to-market accounting rules, banks and insurance companies are required to report fixed-income securities, made up of bundles of...
Read More »Geithner's New Plan to Include Private Funding, GSE-led Mortgage Rescue
...insurance companies — to buy the contaminating assets that wiped out the capital of many banks."" According to the _Times_, government officials are counting on the profit potential to serve...
Read More »Banks Are Lending, Say Treasury Strategies Partners
...liquidity, and related financial functions. The firm's client list includes such names as Bank of America, Barclays, Charles Schwabb & Co., the city of Chicago, the Federal Deposit Insurance Corp....
Read More »Three Banks Closed
...Georgia Department of Banking and Finance. The ""Federal Deposit Insurance Corporation"":http://www.fdic.gov (FDIC) was named receiver of all three institutions. ""Westamerica Bank"":http://www.westamerica.com/ in San Rafael, California, agreed to assume all of...
Read More »Freddie Needs $35B For 4Q Loss, Chase Gets WAMU Servicer Deal
..."JPMorgan Chase":http://jpmorganchase.com will become the servicer for mortgages previously serviced by Washington Mutual Bank. Washington Mutual Bank failed last year and was taken over by the Federal Deposit Insurance Corporation....
Read More »Non-Compulsory Earthquake Insurance Could Cripple Market
...protection with new homeowners insurance policies, as well as once a year thereafter. In 1990, about 20 percent of homeowners carried earthquake insurance, and that percentage spiked to 30 percent...
Read More »Radian Group Offers Loss Mitigation Training to Customers
With loss mitigation becoming an increasingly more important tool for the mortgage industry, Philadelphia-based "Radian Guaranty":http://radian.biz/, the mortgage insurance subsidiary of "Radian Group Inc.":http://www.radiangroupinc.com/, will begin offering to its customers...
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