Articles Tagged with ''Kansas''

LenderLive acquires MoKan

LenderLive Settlement Services acquired MoKan Title Services, which has offices in Missouri and Kansas.MoKan Title Services offers title insurance coverage and services for residential and commercial...
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At Arvest, $1bn in Mortgage Originations

The refinancing boomlet that hit the mortgage industry in the early part of 2009, thanks in large part to Federally-supported low primary mortgage rates, has helped at least one regional bank ramp up its mortgage lending in a big way. Bentonville, Ark.-based Arvest Bank said Wednesday that its Arvest Mortgage Company had originated more than $1bn through June 15 -- nearly double the mortgage volume booked one year earlier.
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TARP Capital Investments Slow in Late March

The Treasury Department invested another $273.7 million through the Troubled Asset Relief Program from March 20 through March 27 after investing $1.7 billion in the first half of the month. The late-March investments, made through the capital purchase program (CPP), involved one publicly-traded firm and nine private financial institutions on March 20. Another 14 private firms participated a week later on March 27.
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Jobless Claims Continue to Climb

No respite for the labor market, as first-time applications for state unemployment benefits rose 12,000 to a seasonally-adjusted 669,000 in the week ending March 28, the Labor Department said Thursday. The week's reading is up 72 percent from the same period last year and marks the highest level of initial jobless claims since October of 1982.
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Three More Banks Down for the Count

Three more banks closed Friday, bringing the total number of banks closed in 2008 thus far to twenty, according to reports by the Federal Deposit Insurance Corp. Ringing in at number eighteen, the FDIC approved Friday the payout of the insured deposits of FirstCity Bank. The Stockbridge, Georgia bank was closed by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver.
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TARP Capital Purchases Slow from Last Week

[Update 1 clarifies geographic locations of some TARP recipients.] The U.S. Treasury Department purchased just under $284.7 million in preferred stock from 22 banks and financial institutions in states across the country Friday. The government's funds were split relatively evenly between three publicly-traded companies that received 45 percent of the day's infusions, and 19 privately-held firms that took 55 percent of the day's capital, according to details released Tuesday by the Treasury.
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In the Crosshairs: Security Savings Bank

(Update 3: adds most recent call report data; updates Talley's most recent position at Security Savings; adds statement from the bank regarding OTS exam) The Office of Thrift Supervision has set up camp in a small Kansas bank with ties to the former Bush administration, as part of an effort to examine the bank's mortgage books and accounting practices, according various sources working inside the bank and at the Office of Thrift Supervision, the bank's regulator.
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Existing Home Sales Rise 5.5 Percent in September

Existing-home sales -- including single-family, townhomes, condominiums and co-ops -- rose 5.5 percent to a seasonally adjusted annual rate of 5.18 million units in September, up from a level of 4.91 million in August, according to data released Friday morning by the National Association of Realtors. Sales volume was 1.4 percent higher than the 5.11 million-unit pace in Sept.
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Number of Troubled Borrowers On Rise, TransUnion Says

The percentage of borrowers 60 or more days behind on their mortgage increased for the sixth straight quarter, hitting a national average high of 3.53 percent in Q2, TransUnion said on Monday. That's up more than nine percent from the previous quarter's reading of 3.23 percent average, and up approximately 51 percent from the same period last year, according to the credit bureau.
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