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Fewer than 200 staffers were offered different roles in other parts of the company while a handful, including some loan officers, were let go.

For many, rates could be higher, but borrowers with lower down payments and credit scores could get new government-sponsored enterprise discounts competitive with the FHA's lower premium.

The banks invested in bonds at a time when rates were low, and their value has since dropped substantially. While there appears to be very little risk that the banks will ever have to realize the losses, an American Banker data analysis raises questions about whether regulators should toughen their monitoring of interest rate risk.

First Citizens BancShares in North Carolina has entered into a purchase and assumption agreement for all deposits and loans of the failed bank, according to the Federal Deposit Insurance Corp. About $90 billion of securities and other assets will remain in receivership.

Gregory S. Dowell, CPA, MBA, is the managing partner of Dowell Group CPAs & Advisors, in Palatine, Illinois.

Leslie Winner Bolton is the director of channel partnerships at Paychex where she has spent the majority of her over 11-year career forming relationships with national brands as well as working closely with regional businesses.  This has included working with partners in the franchise industry, trade associations, integration and technology sector, banking institutions and accounting firms.  Before joining the Paychex leadership team, she was an entrepreneur and owned several small businesses in the Orlando area where she still resides.

Patrick M. Brenner is the founder and president of the Southwest Public Policy Institute, a research institute dedicated to improving the quality of life in the American Southwest by formulating, promoting and defending sound public policy solutions. Our mission is simple: better living through better policy.

The company asserts that a settlement in a different case already released the claims at issue related to representations made in the Home Affordable Modification Program.

The migration of new financing for large Ginnie Mae issuers, from Credit Suisse to other firms, is a crucially important development for the mortgage market .

Companies like U.S. Bancorp have found ways to apply the information they use to serve thin-file applicants to small-business owners and other borrowers.