Items Tagged with 'Tennesse banking'


  • Ocwen settles with three more states to ease mortgage servicing restrictions

    Add Arkansas, Tennessee, and Washington, D.C. to the list
    Ocwen Financial’s streak of settling with states that previously restricted Ocwen’s ability to acquire new mortgage servicing rights and originate new loans in each state continues. The nonbank disclosed Tuesday that it reached agreements with Arkansas, Tennessee, and the District of Columbia, bringing the total number of states it’s settled with to 20.
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  • Tennessee's Trust Company Bank becomes second bank failure of 2016

    First FDIC-insured bank failure in state since 2013
    The Tennessee Department of Financial Institutions closed Memphis-based Trust Company Bank on Friday, and appointed the Federal Deposit Insurance Corporation as receiver. Trust Company Bank becomes the second FDIC-insured bank to close in 2016, and the first in the state since 2013.
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