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All Mortgage Brokers Must Be Fingerprinted & Registered To Do Business
The Federal Reserve’s new regulations released yesterday require that all loan originators from this point on will have to be fingerprinted and sign up to a central registry in order to continue doing business.
Read More... Thursday, July 29, 2010
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AmericanWest Bancorporation Announces Second Quarter Loss of $7.9 Million
AmericanWest Bancorporation today announced second quarter and year to date 2010 financial results, which included the following
Read More... Thursday, July 29, 2010
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The PMI Group, Inc. Reports Second Quarter Loss
The PMI Group, Inc reported a loss from continuing operations in the second quarter of 2010 of $150.6 million, or $1.11 per share.
Read More... Thursday, July 29, 2010
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Capital One Reports Second Quarter 2010 Net Income of $608 million
Capital One Financial today announced net income for the second quarter of 2010 of $608 million, or $1.33 per common share (diluted), versus first quarter 2010 net income of $636 million, or $1.40 per common share (diluted).
Read More... Friday, July 23, 2010
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Newport Bancorp Reports Results Profitable for Second Quarter of 2010
Newport Bancorp, Inc. the holding company for Newport Federal Savings Bank (the "Bank" or "NewportFed"), today announced second quarter earnings for 2010.
Read More... Friday, July 23, 2010
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Community National Bank Reports Good Second Quarter
Community National Bank today reported performance achievements for the quarter ended June 30, 2010, highlighted by the Bank's increase in earnings, improved capital position and growth in commercial loans and demand deposits.
Read More... Friday, July 23, 2010
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SunTrust Reports Second Quarter Results Still Show Losses
SunTrust Banks, Inc. /quotes/comstock/13*!sti (STI 24.49, +2.07, +9.23%) said today that improved asset quality and operating trends led to a significantly narrowed loss in the current quarter as compared to the prior year and the first quarter.
Read More... Thursday, July 22, 2010
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Deutsche Bank Gets Slammed With a $7.5M Fine
Deutsche Bank has been fined $7.5 million for not telling the whole truth about delinquency data related to the issuance of certain risky mortgage securities.
Read More... Thursday, July 22, 2010
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Lenders Discriminating Against Expecting Mothers?
Banks are looking at loan applicants that have had a decrease in household income due to a leave from their employer, especially if they are new parents.
Read More... Wednesday, July 21, 2010
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MGIC Investment Corp. Announces First Profitable Quarter In Over 4 Years
MGIC Investment Corporation /quotes/comstock/13*!mtg/quotes/nls/mtg (MTG 8.40, +0.58, +7.42%) today reported net income for the quarter ended June 30, 2010 of $24.6 million, compared with a net loss of $339.8 million for the same quarter a year ago.
Read More... Tuesday, July 20, 2010
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Bank of America Completes 160,000 Loan Mods So Far In 2010
Through the first half of 2010, Bank of America has completed mortgage modifications providing homeownership retention solutions for about 160,000 homeowners who face difficulties in making their monthly payments due to economic conditions.
Read More... Tuesday, July 20, 2010
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National Mortgage Complaint Center Expands Its Free Mortgage Junk Fee Review
The National Mortgage Complaint Center is dramatically increasing its investigation of national title insurance companies, and or national mortgage banks up-charging third party costs.
Read More... Monday, July 19, 2010
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Horizon Bancorp Announces an Increase in Second Quarter Earnings
Horizon Bancorp today announced its unaudited financial results for the three and six month periods ended June 30, 2010.
Read More... Monday, July 19, 2010
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Bank Of America Profits Take A Tumble Due To Mortgage Losses
Bank of America’s quarterly profits sink lower from a year ago as weak mortgage revenues countered returns from asset sales.
Read More... Friday, July 16, 2010
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Goldman Slapped With A $550M Judgment To Settle Fraud Charges
Putting to bed an extremely high profile federal case linked to the financial crisis, Goldman Sachs has agreed to pay $550 million to settle civil fraud allegations that it deceived its clients.
Read More... Friday, July 16, 2010
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Oregon To Join Lawsuit Against Countrywide Over Pension Fund Losses
The suit accuses Countrywide of misleading investors and causing losses to the state's pension fund in excess of $29 million dollars.
Read More... Thursday, July 15, 2010
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Fannie and Freddie Get Sued By California AG
The attorney general of California filled a lawsuit yesterday against Fannie Mae and Freddie Mac over its veto of a financing program that would permit homeowners to pay for energy efficiency improvements through a surcharge on their property taxes.
Read More... Thursday, July 15, 2010
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Charles Schwab Sues Bank of America, Merrill Lynch, UBS and Bear Stearns
Bank of America Corp.’s Merrill Lynch, UBS AG and Bear Stearns are being sued by Charles Schwab over allegations of being mislead and omitting pertinent information regarding mortgage backed securities Schwab purchased from all of them.
Read More... Wednesday, July 14, 2010
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Judge Rules Citigroup Bondholder Lawsuit Will Proceed
A federal judge ruled that a lawsuit filled by investors against Citigroup will move forward. The charges accuse Citigroup of misleading investors who bought 48 issues of its corporate bonds offered from May 2006 to August 2008.
Read More... Tuesday, July 13, 2010
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10-Year Treasury Note Shows Worst Loss In 3 Months
10-year Treasury notes tumble to new low, showing the biggest weekly dip since April, on less worry of anther recession.
Read More... Friday, July 09, 2010
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