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Five years after two big credit union failures left it with 1,700 southwest Florida properties, the National Credit Union Administration is continuing to receive declining prices for hundreds of properties on the depressed local market, according to a new internal study released last week by the agency's Office of Inspector General.
March 27
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The National Reverse Mortgage Lenders Association has raised the possibility of creating a hybrid reverse mortgage loan with members of the White House staff, Peter Bell, its president and CEO told attendees at the group's eastern regional meeting in New York.
March 26 -
The Department of Housing and Urban Development has ordered AmericaHomeKey, Inc., to immediately stop making FHA-insured mortgages and fined the Dallas-based lender $268,000.
March 26 -
It is hard to deny Richard Cordray's hiring to run the Consumer Financial Protection Bureau nearly four months ago is a flash point in continuing debates over regulatory appointments and implementing the Dodd-Frank Act.
March 26 -
New government aid programs for troubled homeowners are forcing cost-cutting banks into a tricky balancing act.
March 26 -
We all wish we could have just stayed in bed some days, and Bank of America officials have had more than their share of those days in the past week.
March 26 -
The CMBS market paralleled broader markets last week with buyers preparing for quarter end. The spreads were roughly unchanged week-over-week as trading volume slowed, according to Bank of America Merrill Lynch analysts.
March 26 -
Moody's Investors Service is warning that it may downgrade Assured Guaranty Corp., Assured Guaranty Municipal Corp., and all affiliated insurance operating companies, an action that might make it difficult for the bond insurer to attract new business.
March 26 -
Bankrupt bond insurer Ambac Financial Group Inc. had a net loss of $963 million in the fourth quarter of 2011.
March 26 -
Phoenix-based Arizona State Credit Union said it has accepted 167 applications for the Home Affordable Refinance Program in its efforts to help underwater homeowners obtain more affordable mortgages.
March 26
