It's the mantra among regulators and echoed by Federal Reserve chairman Ben Bernanke on Friday: The recession -- pushed along by rising unemployment levels, plunging home values and growing delinquencies -- would be much worse had governmental bodies not stepped up to intervene.
The Treasury Department on Tuesday released details surrounding the injection of $365.4 million in capital into another 23 financial institutions across the nation, bringing the total investments made through the Capital Purchase Program to $196.36 billion. All but three of the institutions that participated Friday were privately-held firms; 55.2 percent of the funds distributed that day were given to private firms. One Arkansas-based firm participated, as did a bank based in Alabama, four based in California and one out of Florida.
While it's likely no longer surprising for many market participants, a report by consumer credit bureau TransUnion released Monday found that mortgage delinquencies had increased for the fifth straight quarter during Q1, while consumers managed to add to their overall mortgage debt load during the quarter as well.
Bank of the West announced today that its wholly-owned subsidiary, BW Insurance Agency, Inc., (BWIA) has acquired Contractor's Insurance Services, Inc., a full service insurance agency offering a variety of commercial and personal insurance lines.
CIS specializes in providing insurance, risk management and asset protection services for the burgeoning building industry throughout the Pacific Northwest.
In what was the most competitive awards program to date, HousingWire is proud to recognize the professional accomplishments of 30 women -- spanning every sector of the U.S. housing economy. Read the stories of our 2014 honorees, and be inspired..
If fair housing bluster were an Olympic event, the podium would be crowded with politicians and corporate mouthpieces. The injustice that once provoked marches and protests now evokes photo-ops and press releases. But have things truly changed? Read More
The sweeping CFPB TILA-RESPA integrated disclosures roll-out will affect almost every residential mortgage loan application that is submitted to a creditor on or after this date. Here, industry expert Jerry Halbrook dives into a breakdown of the wide-ranging impact of the new rule. Read More