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Executives at private mortgage insurers expect the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to reduce some fees in the next year, which would make privately-insured GSE loans more competitive with government loans.
June 5
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A former Georgia community banker who was accused of fraud and faked suicide has pleaded guilty to three felony charges for his role in allegedly defrauding a bank and private investors.
June 5 -
The company claims in a lawsuit against the Puerto Rican government that the territory could lose "a major lender in the Puerto Rico housing market" if it is denied a $230 million tax refund.
June 5 -
Justin Timberlake will perform a private, small-venue concert for customers of Citi's American Airlines promotional credit card on July 10 at the Hammerstein Ballroom in New York.
June 5 -
Donald Shamey, president and chief executive at NexTier Bank in Butler, Pa. will retire in July after 40 years at the helm.
June 5 -
American Express can provide affordable products to the unbanked and still make a profit, company executive Dan Schulman said at the Emerge conference. He was vague on details but hinted that its prepaid cards built on an lower-cost software platform are part of the answer.
June 5 -
The two most popular Bitcoin services providers, Coinbase and BitPay, are neck-and-neck in signing up merchants to accept digital currency.
June 5 -
The Columbus, Ohio, company started giving away pens in its branches in 2010. Now more than 20 million are in circulation around the world with a few ending up in bizarre places, including the movie Bad Grandpa.
June 5 -
A reporter spent a day trying to cash checks, send money and complete other financial transactions without the use of a bank account. He was surprised by what he saw.
June 5
American Banker -
Fidelity Southern (LION) in Atlanta said Thursday that it is buying five branches and roughly $200 million of deposits from CenterState Bank of Florida (CSFL).
June 5
