Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: Federal Deposit Insurance Corp.

Cease-and-desist orders issued against 8 mortgage bankers

The Office of the Comptroller of the Currency issued cease-and-desist orders Wednesday against eight national mortgage bankers, including Bank of America, PNC and Wells Fargo, for “unsafe and unsound” practices dealing with residential mortgage foreclosures. The banks agreed to the ...

Read More »

First Mariner Bancorp is still short of capital

First Mariner Bancorp, parent company of 1st Mariner Bank, said in a regulatory filing Thursday it is still short almost $38 million of the capital it needs to meet the terms set by state and national regulators. The Baltimore-based company, ...

Read More »

Feds vote to exempt some mortgages from new rules

WASHINGTON — Federal regulators are proposing to exempt certain mortgages from new rules aimed at getting banks to take on more risk when they package and sell mortgage investments. Critics say the proposal could hurt low- and moderate-income borrowers by ...

Read More »

FDIC says banks earned $21.7B in 4Q

WASHINGTON — Federal regulators said Wednesday the number of banks on their confidential “problem” list increased by 24 in the final quarter of last year, even as the industry continued to heal with the recovering economy. The Federal Deposit Insurance ...

Read More »

FDIC says list of ‘problem’ banks grows in Q3

WASHINGTON — The number of banks on the Federal Deposit Insurance Corp.’s “problem” list grew over the summer, even as the industry posted solid net income and fewer loans soured. The number of troubled banks rose to 860 in the ...

Read More »