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6 Aug 2010, 7:32 am by admin
  The saga began back in 2006, at the height of the market, when now-defunct Ocelot Capital Group bought the portfolio—totaling 260 units—for $16.5 million, including a $13.15 million mortgage from Dime Savings Bank. [read post]
4 Aug 2010, 3:10 pm by John Watts & M. Stan Herring
The new restrictions are in response to complaints from consumers that lenders charge huge fees but fail to reduce the consumer's debt obligations. [read post]
3 Aug 2010, 9:12 am by Chris Kramer
Specifically, the new laws still allow some predatory lenders to roam free. [read post]
2 Aug 2010, 7:05 am
He predicted that banks will be reluctant to throw a lot of money into commercial real estate lending when prices start to rise. [read post]
30 Jul 2010, 1:31 pm by James Hamilton
The FDIC must decide within a day of intervening whether to transfer these contracts to another solvent entity, such as a bridge bank, or to leave them in the failed firm subject to termination and close out.Moreover, although the special resolution mechanism breaks new ground, cross-border issues in the event of the future failure of a systemic international group will remain a challenge. [read post]
28 Jul 2010, 12:24 pm
The DAL Group is a company that provides processing services to mortgage lenders and servicers doing business in Florida. [read post]
27 Jul 2010, 9:49 pm by BLOG
If your complaint or question involves a national bank and you cannot resolve it directly with the bank, contact the OCC’s Customer Assistance Group by calling (800) 613-6743, by sending an e-mail to customer.assistance@occ.treas.gov, or by visiting www.HelpWithMyBank.gov. [read post]
27 Jul 2010, 8:47 am by JJS
  Indeed, as loan originations diminish, bank loan officers are reinventing themselves as workout specialists. [read post]
27 Jul 2010, 7:24 am by Allison Garrett
The article VTB-Led Group Pays Twice Emerging-Market Rate on Loan notes that the cost to expand St. [read post]
27 Jul 2010, 7:24 am by Allison Garrett
The article VTB-Led Group Pays Twice Emerging-Market Rate on Loan notes that the cost to expand St. [read post]
21 Jul 2010, 11:56 am by doug
This may be beginning to sound like a broken record, but the foreclosure rate in Massachusetts is way up again — enough so that the leader of the Warren Group that tracks banking news has called the situation “staggering. [read post]
20 Jul 2010, 9:04 am by Chris Kramer
In fact, we’ve improved in a variety of areas: Bank card delinquencies reportedly fell to 3.88 percent of all accounts, down from 4.39 percent in the fourth quarter of 2009. [read post]
19 Jul 2010, 3:26 am by By DEALBOOK
North American Financial Holdings, run by the former chief of Bank of America's investment banking unit, bought three failed United States lenders, as the number of banks taken over by the Federal Deposit Insurance Corporation this year hit 96, Bloomberg News reported. [read post]
18 Jul 2010, 9:59 am
The Investor group points out that these banks owned many of the mortgage lenders and in some cases the banks had their employees at the loan facilities. [read post]
18 Jul 2010, 9:30 am
These groups charge an upfront fee of several hundred dollars in exchange for reviewing your mortgage documents to ascertain whether the bank complied with all lending laws when processing your loan. [read post]