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Banks will finally start to sell more distressed loans this year, and buyers will have to be careful not to overbid, PennyMac CEO Stanford Kurland says.
February 14 -
The Federal Reserve Bank of Cleveland has terminated an enforcement action against Rurban Financial (RBNF) in Defiance, Ohio, tied to its information-technology unit.
February 14 -
Changes to product offerings and pricing give the impression that the new bank does not have the customers' best interests at heart. Feeling undervalued is a key emotional reason they defect.
February 14
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First Keystone (FKYS) in Berwick, Pa., has amended its bylaws to allow its board to select a vice chairman.
February 14 -
As part of a report on "high risk" areas in government, the Government Accountability Office expanded the scope of its review of regulatory issues to include the Federal Housing Administration.
February 14 -
A number of regional and community banks — including PNC, Fifth Third and Huntington — are working with the Michigan Economic Development Corp. to provide $30 million in funding to small businesses.
February 14 -
Regions Financial (RF) is taking steps to spur economic development in its home state of Alabama.
February 14 -
Flagstar Bancorp (FBC) in Troy, Mich., has agreed to sell DocVelocity, its document-imaging business, to mortgage tech company Capsilon.
February 14 -
Congress is afraid to tackle this complicated and contentious issue, but the market badly needs positive signals from our lawmakers that provide certainty about the future of housing finance.
February 14 -
M&T Bank (MTB) is offering customers the ability to tailor their checking accounts with a series of add-ons.
February 14
