Recent Stories From this Author
Popular Softens a Blow from Loan Sales
May 15, 2013 Popular is using a recent windfall to bankroll an aggressive sell-off of struggling mortgages.
Florida Deal Artfully Sidesteps Challenge of Valuing Bad Assets
March 26, 2013 Two Florida banks have found a way around squabbling over the value of troubled credits: let the seller keep them.
Could New York Community, OneWest Bank Merge?
March 14, 2013 The midsize New York mortgage lender and the West Coast bank created to house the IndyMac assets are worlds apart in many...
Kentucky Property Sale Serves as Cautionary Tale for Bankers
January 7, 2013 The recent sale of a nearly vacant mall in Kentucky serves as a good case study in unwinding troubled loan participations.
Illinois Lender Plans to Aggressively Unload REO, Other Assets
November 9, 2012 BankFinancial said it had tried "accelerated dispositions" with some of repossessed assets, selling $2.4 million of other real...
Turnaround at Mortgage Wholesaler Flagstar Continues
October 25, 2012 Flagstar posted gain-on-sale income of $334 million in the third quarter, an impressive 57% increase from 2Q.
CEO of Top Ranked Mortgage Lender Warns of Fiscal Cliff
October 18, 2012 U.S. Bancorp, one of the fastest growing mortgage lenders in the nation, fears the ramifications of the "fiscal cliff."
United Community in Ohio Sells $115M in Loans
October 10, 2012 United Community Financial in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.
Flagstar's New CEO Is Determined to Prove Recent Profits Are No Fluke
October 9, 2012 If Joseph Campanelli's job at Flagstar Bancorp was to keep the company alive, Michael Tierney's task is to make it thrive.
I Still Like Mortgages, Wilbur Ross Says After Homeward Deal
October 4, 2012 Independent mortgage servicers are poised for explosive growth as litigation, new capital rules and risk weighting push...
- Nationwide Title Clearing, Inc. (NTC) Executives Attend PRIA and NACRC ConferenceseRecording Manager Speaks on Panel
- AllRegs Launches Consumer Training Resources for Financial Services Industry
- Nationwide Title Clearing, Inc. (NTC) Names Michael OConnell Chief Operations Officer
- Nationwide Title Clearing, Inc. (NTC) Earns Inc.s Hire Power AwardRecognized for Strengthening the Economy
- New DocMagic Facility Wins Prestigious AIA Honors Award