Bank of America over the past 10 days tried – and failed – to sell roughly $50 billion of 'legacy' mortgage servicing rights, according to servicing advisors familiar with the auction.

SCBT Financial Corp. in Columbia, S.C., which bought a failed bank and raised capital in February, on Friday posted its best quarterly results in two years.

In its second full quarter as a 100% stock-owned company, Capitol Federal Financial Inc. in Topeka reported earnings of $17.3 million, an increase of 11% over the same period in 2010.

A minimum credit score would not cap or regulate risk, or even measure it consistently. Instead it would ensure that the risk floor for QRMs would actually fluctuate.

The niche business inherited from Bear Stearns may have posed an image problem for a bank already grappling with mortgage PR headaches.

If I came across a borrower who is deep in debt and whose obligations exceed their income and yet continues to borrow to service those obligations, I would not consider them a good risk.

First Mariner Bancorp reported a loss of $11 million in the second quarter, plunging the ailing Baltimore company deeper into a capital hole.

The $9.5 billion-asset company in Flint, Mich., announced after the market closed on Thursday that it earned $18.5 million in the second quarter, compared to a net loss of $44.7 million a year earlier and a loss of $74.3 million in the first quarter.

Fueled by strong loan growth and improved expense control, Investors Bancorp Inc. in Short Hills, N.J., reported a profit of $19.6 million in the second quarter, up 28% from the same period last year.

Porter Bancorp Inc. in Lousville, Ky., reported a loss of $39 million in the second quarter after it wrote off scores of problem loans and took a hefty impairment charge to reflect its declining market value.

WASHINGTON – The Senate Banking Committee will hold a hearing next Thursday on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

Integration of rare find in Texas could be done by yearend, and Comerica will be "regimented" about future expansion, Babb says.

A downgrade could deliver a massive economic hit, affecting the quality of banks' assets and the value of their swollen investment portfolios, economists and other observers say.

Market evolution in recent decades has made it harder and harder for smaller institutions to access capital. Meanwhile, regulatory restrictions impede alternatives that could fill the void.

What a difference a couple of years makes.

Joe Evans, the chairman and CEO of State Bank Financial Corp., better hope there's no Sports Illustrated-like jinx associated with Bank Director magazine. The Atlanta bank ranked No. 1 on the magazine's 2011 Bank Performance Scorecard in its third-quarter issue.

Buoyed by improving asset quality, National Penn Bancshares reported earnings of $23.3 million in the second quarter, compared to a loss of $5.5 million in the same period last year.

Green Dot Corp.'s top executive says its reloadable prepaid cards will be exempt from the Federal Reserve Board's new rules limiting debit card interchange.

BankUnited Inc. said Wednesday that second quarter net income fell 14% compared with a year earlier partly because of lower payments coming from the Federal Deposit Insurance Corp. related to its loss-share agreement.

The agency's final rule contains glaring legal errors and whitewashes the role preemption played in enabling the lending excesses that precipitated the crisis.