Insurance

The latest fine from regulators was leveled against the bank on Friday. But it's far from the only penalty it has paid in recent years, and more may be on the way.

As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled.

Brian Hale, the former head of Stearns Lending, will be leading a new financial services unit at William Lyon Homes that encompasses two joint ventures the builder has with mortgage companies.

Senate leaders have unveiled a budget agreement that includes $64.2 billion to help states and U.S. territories recover from last year's hurricanes, wildfires and other disasters.

Likely changes to the National Flood Insurance Program are poised to raise costs for many Jersey Shore homeowners, perhaps substantially.

Three senators have unveiled a bill that would allow captive insurance companies to regain full membership in the Federal Home Loan Bank System.

Commissioners Court is considering slowing the growth of the Harris County, Texas, budget as officials continue to grapple with Hurricane Harvey's widespread destruction and potential impact on property tax revenues.

The percentage of flood damage to residential properties from Hurricane Harvey that is uninsured is turning out to be a little higher than earlier estimates.

The government shutdown and Congress' inability to reauthorize the National Flood Insurance Program could delay some home sales and loan closings.

Lower mortgage loan origination volume in 2018, on top of 2017's decline, will lead to further reduction in title insurer profitability and a possible increase of merger activity.

Hurricane Irma's price tag in federal disaster assistance now totals $1.95 billion in Florida, including $39 million on the Treasure Coast, according to federal reports.

Colonial Savings founder James S. DuBose died after a yearlong battle with cancer. He was 93.

Numerous business sectors are urging lawmakers to act quickly to extend the National Flood Insurance Program before a crucial deadline next week.

Assurant and its American Title subsidiary are adapting hybrid title and appraisal products used in the home equity market to the first-lien mortgage market on a test basis.

Seven flood-prone Highland Park, Ill., homes adjacent to forks of the North Branch of the Chicago River could potentially be purchased, demolished and converted to open space under a voluntary flood buyout.

The House approved a five-year extension of the National Flood Insurance Program on Tuesday, but it remains unclear whether the Senate will seek to pursue its own bill. The program is due to expire Dec. 8.

Fannie Mae is allowing in some situations where mortgage payments are made by someone other than the borrower for the full monthly housing expense to be excluded from debt-to-income calculations.

The Canyon 2 wildfire has been contained for more than a week, but aftereffects from the 9,200-acre conflagration still are rippling throughout Orange County, Calif.

The bill includes $16 billion in debt forgiveness for the National Flood Insurance Program and could benefit financial institutions’ customers in areas impacted by recent hurricanes and wildfires.

Mortgage lenders are urging the thousands of displaced homeowners to reach out to them in the aftermath of the devastating wildfires so fire victims can begin the process of either rebuilding or moving on, leaving behind the home they once had.