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Tag Archives: Federal Deposit Insurance Corp.

FDIC’s litigation against E&O-insured appraisers has come to Maryland

Five years ago, the owner of a 136-year-old rowhouse on Patapsco Street was able to refinance the home for almost $400,000 more than he had paid for it the previous year, largely because of an appraisal that put its value ...

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Lenders increasingly turn to middlemen, cutting appraisers’ pay

Since 2008, the number of appraisers in Maryland has dropped 42 percent as the industry has been hit hard by bank failures, litigation over their role in bad mortgages and changes that have cut the fees they receive for work. ...

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Washington Mutual again seeks approval of reorganization plan

WILMINGTON, Del. — Bank holding company Washington Mutual Inc. is asking a Delaware judge to approve its revised reorganization plan. The judge convened a three-day hearing Wednesday to consider the plan, which centers on the settlement of lawsuits pitting Washington ...

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Rules lets FDIC recover pay from failed bank execs

WASHINGTON — Federal regulators will be able to take back two years of pay from executives held responsible for a large bank’s failure. Executives deemed “negligent” and “substantially responsible” for a big bank’s failure can lose all of their compensation ...

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Aurelius withdraws support of Washington Mutual bankruptcy plan

DOVER, Del. — Washington Mutual Inc.’s bankruptcy reorganization plan is now being challenged by a hedge fund that supported it. The plan is based on the settlement of lawsuits that pitted Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan ...

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FDIC chairman Sheila Bair to step down in July, ending 5-year term

WASHINGTON — Sheila Bair is stepping down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she helped craft the government’s response to the 2008 financial crisis. Bair will leave her post as ...

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Hopkins Savings Bank under feds’ scrutiny

Concerned over the operation of Hopkins Federal Savings Bank, the Office of Thrift Supervision has placed the 90-year-old Highlandtown-based thrift under a supervisory agreement. The Office of Thrift Supervision, the bank’s primary federal regulator, said the agreements with Hopkins and ...

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