Joe Adler

Almost three years to the day of seizing IndyMac Bank, the Federal Deposit Insurance Corp. launched a civil action against its former CEO, saying he "negligently" allowed the thrift to keep making risky loans despite signs of market stress.

With regulators struggling to decide which loans to excuse from risk-retention, Federal Deposit Insurance Corp. Chairman Sheila Bair said Thursday the best option would have been to shelve the exemption altogether.

Mortgage lenders and consumer advocates, two lobbies usually busy opposing each other, have joined forces to urge regulators to ease up on proposed risk-retention requirements that they say will result in a credit crunch.

Federal bank regulators need to update their commercial real estate guidance to bring standards more in line with how examiners treat loans following the financial crisis, according to a new oversight report.

As lawmakers take up mortgage servicer standards at a hearing Thursday, the Mortgage Bankers Association is advocating a cautious approach to standard-setting while trying to debunk what it says are misconceptions about servicing.

Marty Gruenberg, the No. 2 at the Federal Deposit Insurance Corp., is expected to be nominated shortly as the agency's chairman, according to several sources.

The FDIC sued three top executives of Washington Mutual, alleging their actions in the bank's mortgage lending operations helped cause the biggest failure in U.S. history.

Federal Deposit Insurance Corp. Chairman Sheila Bair's last scheduled address to the American Bankers Association turned heated this week.

WASHINGTON — Lawmakers laid out a series of ambitious deadlines in the Dodd-Frank Act, requiring regulators to complete roughly 170 new rules by July.