Items Tagged with 'Birmingham'

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  • Wells Fargo partners with NeighborWorks America to boost homeownership in Birmingham

    Wells Fargo will invest $2.55 million
    Wells Fargo is partnering with NeighborWorks America and Neighborhood Housing Services of Birmingham to boost homeownership in the Birmingham and Jefferson Country areas of Alabama. Through the program, borrowers may be eligible to receive a matching down payment assistance grant ranging from $2,500 up to $7,500.
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  • 10 cities with huge housing improvement

    Quarter-over-quarter asking prices paint new housing picture
    Since the initial bust of the housing market, it tends to be the metros that felt a huge dent from the crisis that witness the biggest home price increases. But this trend is starting to change.
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  • Monday Morning Cup of Coffee

    [Update 1: Adds ebank closure] A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues: Regulators shut down four banks Friday, bringing the total number of banks shut down in 2009 to 81. The Federal Deposit Insurance Corporation (FDIC) estimates the latest closing will cost more nearly $3.5bn.
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  • South Stays Strong in New Housing Report

    The Southern region of the United States posted the strongest quarter-over-quarter price returns in a new quarterly housing market report launched Wednesday by Clear Capital. The bad news: The region still posted an overall decline of 1.7%. But the (relatively) good news is the South posted the smallest overall decline of the four regions, according to Clear Capital's report. The South also posted half the decline of the national rate, 3.4%.
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  • 3 More Banks Down for the Count

    Regulators shut down two banks in California and one in Atlanta on Friday, marking the seventh, eighth and ninth bank failures of the new year, according to the Federal Deposit Insurance Corp. The total number of banks that have collapsed during the recession which started in December of 2007, now rings in at 34.
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  • 10: Georgia's Integrity Bank Fails

    The state of Georgia now has its second bank failure in the past year, after the 2007 failure of NetBank. Integrity Bank, based in Alpharetta, Georgia, was closed Friday afternoon by the Georgia Department of Banking and Finance, with the Federal Deposit Insurance Corp. named reciever. The bank had $1.1 billion in total assets and $974.0 million in total deposits as of June 30, the FDIC said. Birmingham, Alabama-based Regions Bank will assume all deposits, including those in excess of the FDIC's $100,000 insurance limit.
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  • Blaming the media

    We were thinking of covering rising non-performing assets at Birmingham, Ala.-based Superior Bancorp, who saw its NPAs rise well ahead of loss reserves during the second quarter. The bank saw its allowance for loan losses fall to just 69 percent of total nonperforming loans, down from 160 percent coverage one year earlier and 90 percent to start the year. But then we saw that the bank was blaming the media for a resulting drop in Q2 earnings:
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