Items Tagged with 'Regions Bank'

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  • Regions Bank invests in Kevin Costner-backed mortgage startup Lender Price

    Will also begin using Lender Price to improve bank’s digital lending process
    When a fintech startup announces a new investor, the investor is usually an equity firm or some other private investor. Lender Price, a mortgage and consumer digital lending technology platform provider, is going about things a little differently. The company’s lead investor is none other than Kevin Costner (yes, that one), and now, the company has a new investor, a prominent depository institution.
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  • Caliber Home Loans fires mortgage exec after Fed banned banker from industry

    Daniel Brennan accused of violating mortgage lending rules while at Regions Bank
    On Tuesday, the Federal Reserve Board banned Daniel Brennan, a former executive at Regions Bank, from working at FDIC-insured banks for allegedly violating Regions’ standards. As HousingWire reported, Brennan’s employment at Regions ended in 2016, but HousingWire can now confirm that Brennan continued to work in the mortgage business, albeit for a different company.
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  • Regions Bank next on DOJ hit list, will pay $52.4 million for FHA-lending violations

    Becomes latest lender to be accused of violating False Claims Act
    Over the last few years, the Department of Justice used the False Claims Act as its weapon of choice against the mortgage industry, using the law to extract settlements from lenders for supposedly misrepresenting the quality of loans to the Federal Housing Administration. And now, Regions Bank is the latest on the DOJ’s hit list, after agreeing to settle False Claims Act charges for $52.4 million.
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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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