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...value ratios and mortgage insurance for both its holdings and originations. Th company also said it would include additional holdings and delinquency information on its Pay Option ARM loan products....
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Fremont to Exit Subprime Business, Places Subprime Employees On Paid Leave
...its residential mortgage business on paid leave, pending further notice. The company's announcement, in addition to a proposed cease and desist order filed by the Federal Deposit Insurance Corp. (FDIC),...
Read More »Federal Regulators Begin to Tackle Risky ARMs
...which was jointly released by the Federal Reserve, the Federal Deposit Insurance Corp., the National Credit Union Administration, the Office of the Comptroller of Currency, and the Office of Thrift...
Read More »First American Corp. Announces 2006 Earnings
...and 2006, its revenue for the fourth quarter of 2006, as well as its net income and diluted earnings per share, declined in 2006. ""Our Specialty Insurance, Property Information, and...
Read More »Freddie Mac Implements Tougher Subprime Lending Standards
...the income needed to sustain homeownership. The company also said it will recommend that mortgage lenders collect escrow accounts for borrowers' taxes and insurance payments. In a prepared press release,...
Read More »GB&T Increases Loan Loss Allowances
...in fourth quarter income. ""The increase in the allowance for loan losses arises out of a recent examination conducted by the Federal Deposit Insurance Corporation (""FDIC"") at one of the...
Read More »MGIC Investment Merges with Radian Group Inc.
...broad and balanced mix of businesses covering domestic mortgage insurance, financial guaranty, financial services, and international credit enhancement."" When the merger is complete, Curt Culver, who currently serves as chairman...
Read More »Title Alliance Names New President and CEO
...of the title insurance process. DeGennaro earned a paralegal certificate and a master's degree in business administration from Duquesne University and a bachelor's degree in economics and regional planning from...
Read More »FDIC Addresses Predatory Lending Practices
""The Federal Deposit Insurance Company (FDIC)"":http://www.fdic.gov released a supervisory letter on Monday to financial institutions nationwide reminding them of their policies on predatory lending. The FDIC stated that the increasing...
Read More »Title Alliance Names New Executive Vice President
Title Alliance, Ltd., a subsidiary of First American Title Insurance Company, recently named Nancy Warner as executive vice president and chief operating officer of TA Holdings, Inc., and all its...
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