FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S
Lending / The Ticker

FirstMerit Corporation acquires Citizens Bank

/ Print / Reprints /
| Share More
/ Text Size+

FirstMerit Corporation acquired Citizens Republic Bancorp and indirectly acquired Citizens Bank, according to the Federal Reserve.

The Cleveland Metropolitan Statistical Area, FirstMerit Bank originated 19 loans totaling $4 million for home mortgages and small business purposes, an evaluation report from the Federal Reserve said. 

The high amount demonstrates the banks commitment to community development lending, said the report.

In the evaluation of the bank, examiners noted that FirstMerit Bank generated 56 community development loans, totaling $43.5 million in the Akron MSA and 66 community development loans totaling $38.2 million in the Cleveland MSA.

Recent Articles by HousingWire Staff

Comments powered by Disqus