Alan Kline is the former editor-in-chief of American Banker. Previously he oversaw its consumer finance and national/regional banking coverage. He also helped direct coverage of the annual Most Powerful Women in Banking rankings.
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Bank of America wants to clear out the backlog of distressed homes in Florida by using technology to speed up short sale approvals.
April 16 -
Signaling their optimism about the state of the economy, many bankers are predicting that problem loans will moderate and consumer lending will perk up over the next six months, according to a new FICO survey released Tuesday.
April 4 -
Coming off two straight profitable quarters and flush with capital from its recent public stock offering, HomeStreet Bank, a top ranked mortgage lender in the Seattle area, is back in the good graces of its regulators.
March 29 -
Continuing its expansion in the suburbs of Washington, D.C., Eagle Bancorp, Bethesda, Md., has opened a pair of residential loan offices in Maryland and Virginia.
March 29 -
Two small Massachusetts mutual thrifts are planning to join forces in hopes of gaining the scale to better compete against larger lenders.
March 14 -
A Maryland real estate investment trust plans to raise up to $1.8 billion in a secondary stock offering, using the proceeds to buy agency MBS.
March 13 -
The Federal Reserve Board on Thursday released details on steps three more mortgage servicers are taking to correct deficiencies in their foreclosure practices.
March 12 -
Weak demand for advances among member banks suppressed profits at several of the nation's Federal Home Loan Banks during the fourth quarter.
February 23 -
Britton & Koontz Bank in Natchez, Miss., has been ordered by its regulator to immediately take steps to reduce the level of risk in its real estate loan portfolio.
February 22 -
Fannie Mae is considering the head of a banking industry trade group and its own general counsel as possible replacements for departing CEO Michael Williams, according to published reports.
February 16 -
A small Minnesota bank is in hot water with its regulators after suffering steep losses on loans to some high-profile business executives.
February 9 -
Private-equity groups that invested some $900 million in Florida lender BankUnited Inc. less than three years ago may now be ready to cash out.
January 17 -
Citigroup Inc. appears to have abandoned its plan to sell its consumer lending unit -- which also makes real estate loans -- until the economy improves and it can fetch a better price for it, according to Fitch Ratings Inc.
January 12 -
The U.S. Department of Agriculture is planning to shutter 131 farm lending offices in 32 states as part of a broad mandate from the Obama administration to trim $150 million from its annual budget.
January 12 -
Wells Fargo & Co. has agreed to pay nearly $1 million in restitution to Maryland residents who lost their homes to foreclosure after receiving so-called "Pick-a-Payment" mortgages.
January 6 -
Looking to move forward after recent accounting issues forced it to restate its 2010 earnings, Suffolk Bancorp in Riverhead, N.Y., has hired a new chief executive to replace J. Gordon Huszagh.
January 3 -
Republic First Bancorp, Philadelphia, this week announced that it had sold $59 million of mostly problem real estate loans to a single investor, a move that goes a long way towards cleaning up its balance sheet.
December 22 -
After reporting a profit of $2.6 million in the third quarter, Pacific Continental Corp. in Eugene, Ore., is projecting a loss in the fourth quarter as result of expected writedowns on certain real estate loans.
December 14 -
Bank of America Corp. has agreed to pay $315 million to settle claims that its Merrill Lynch unit made false and misleading statements about the quality of subprime mortgage-backed securities it sold to investors.
December 6 -
Home Federal Bancorp, Nampa, Idaho, as part of a major restructuring, will outsource its residential origination function to a third-party vendor.
September 29
