The Georgia Department of Banking and Finance said it obtained superior court orders authorizing it to take possession of two banks in the state. The Washington Department of Financial Institutions closed down a bank in that state. In addition, Merit Mortgage Services has advised its loan correspondents of its decision to exit the mortgage business. [...]
The banks’ willingness to fight millions of borrowers who were wrongly sold insurance alongside their loans is crumbling View full post on All Stories
The National Asset Management Agency has reported a loss of €714m for last year, after setting aside €1 billion to take account of a fall in the value of loans it has taken on from the banks. View full post on All Stories
Banks are now prohibited from marketing loans and other services through telephone View full post on All Stories
Two Orange County judges are trying to force homeowners in default on loans and their lenders to come to terms, and to keep a flood of foreclosure-related legal challenges from turning into protracted, expensive, time-consuming — and … View full post on All Stories
Lenders face a legal minefield with planned new rules on loans to the mentally ill View full post on All Stories
Dallas-based Comerica Inc. announced plans to acquire Houston-based Sterling Bancshares. In the news release, Comerica said, “The strategic acquisition accelerates Comerica’s growth in Texas and maintains Comerica’s capital strength.” A Mergermarket Group report said other Texas banks might be inclined to follow Sterling’s lead, citing lack of growth which increases pressure to sell. View full [...]
COMMONWEALTH Bank has fired a fresh salvo in the current mortgage pricing war between the major banks with a new no-fee home loan. View full post on All Stories
As bank loans to MFIs are mostly unsecured, the Indian Banks Association had requested RBI in December to relax its restructuring guidelines for the MFI sector. View full post on All Stories
McClatchy Newspapers Friday, February 11, 2011 FORT LAUDERDALE — With a surge in Internet banking, growth in automatic teller machines and a tight economy, you might think that new branches would be far from the focus of banks today. But many of the country’s big banks are opening more offices to try to sell existing [...]
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