Regulation

The Federal Deposit Insurance Corp. Thursday will announce the claims process for thrift shareholders who last year won a breach-of-contract case stemming from the savings-and-loan crisis.

When the 14 biggest mortgage servicers signed consent orders last April over foreclosure misdeeds, they hoped the deal would indemnify them against further claims. Regulators now appear unlikely to grant them blanket immunity.

Regulators say risk-based capital is the ratio they most want to see strengthened, community bankers say. That's a problem because minimum requirements could rise and examiners are said to exercise broad discretion in enforcement.

Federal Reserve Board Chairman Ben Bernanke told Congress that U.S. regulators will not deliver a final rule by July 21, as required by the Dodd-Frank Act.

WASHINGTON — The Financial Crimes Enforcement Network is seeking comment on a proposal that would require banks and other financial institutions to identify beneficial ownership of their accountholders.

The government's stick-a-finger-in-the-dike approach to the housing crisis isn't working. We need more drastic solutions if we want to turn the market around.

Fannie Mae, in a new SEC filing, says that in late January it cut off Bank of America from selling most types of loans to the GSE because of "delays" by the lender in making good on outstanding buyback requests.

Fannie Mae will request another $4.6 billion in U.S. government aid after posting a $2.41 billion loss in the fourth quarter, the mortgage finance company said Wednesday.

Republican Sen. Olympia Snowe, R-Maine, has announced she won't seek re-election for a fourth term, citing "an atmosphere of polarization" in the Senate as the reason for her decision.

Edward DeMarco, the regulator in charge of supervising Fannie Mae and Freddie Mac, was once again in the hot seat as lawmakers pressed him on his reluctance to forgive underwater borrower's debt.