Saturday, November 22, 2014

BNA INSIGHTS: Knowing When, Where and How to Draw the Line Presents Significant Challenges for the Consumer Financial Protection Bureau’s Nonbank Supervision Program

September 14, 2012 in BNA's Banking Report · Leave a Comment 

Earlier this summer, the comment period closed on the CFPB’s proposed rule establishing procedural requirements for designating when a nonbank financial firm would be subject to CFPB examination and supervision…

BNA INSIGHTS: California Enacts First-of-Kind Foreclosure Bill, Codifying National Settlement

July 26, 2012 in BNA's Banking Report · Leave a Comment 

As California goes, so goes the nation? Let’s hope not, at least as to legislation that will make California the first state in the nation to codify provisions of the National Mortgage Settlement…

BNA INSIGHTS: Review of 2011 Bank Enforcement Actions and Trends

June 13, 2012 in Banking Report · Leave a Comment 

In 2011, the federal banking agencies issued over 1200 formal enforcement actions, the second-highest total in their history…

FDIC Must Face $10 Billion Lawsuit by Deutsche Bank Over Washington Mutual Loans

September 9, 2011 in BNA's Banking Report · Leave a Comment 

The Federal Deposit Insurance Corporation will have to defend a $10 billion suit over mortgage-backed securities originated by the now-failed Washington Mutual Bank, the U.S. District Court for the District of Columbia said (Deutsche Bank National Trust Co. v. Federal Deposit Insurance Corporation)…

Bank of America Agrees to Pay $8.5 Billion to Settle Mortgage-Backed Securities Claims by Investor Groups

July 6, 2011 in Banking Report · Leave a Comment 

RALEIGH, N.C.—Charlotte, N.C.-based Bank of America has agreed to pay $8.5 billion to settle with investors over residential mortgage-backed securities they bought from Countrywide Financial, Bank of America announced June 29…

Commercial Banks, Thrifts Report Best Quarterly Profits Since Crisis

Commercial banks and thrifts reported an aggregate profit of $29 billion in the first quarter of 2011, the highest quarterly net income since the 2007 onset of the financial crisis, according to the latest Federal Deposit Insurance Corporation Quarterly Banking Profile, released May 24…

Justice Department Sues Deutsche Bank, Alleges Fraud, Recklessness in Lending

May 10, 2011 in Banking Report · Leave a Comment 

The Justice Department alleged May 3 a wholly owned Deutsche Bank AG subsidiary fraudulently misrepresented its mortgage lending and underwriting practices for years while participating in a federal mortgage-insurance program that to date has led to $386 million in losses…

BNA INSIGHTS: Review of 2010 Bank Enforcement Actions: A Hardened Government Attitude

May 10, 2011 in Banking Report · Leave a Comment 

The number of formal enforcement actions issued by the federal banking agencies exploded again in 2010, following a record setting year in 2009 in which the federal banking agencies issued more than 1000 formal enforcement actions for the first time…

Treasury Lays Out Options to Overhaul Housing Finance System, Unwind Government-Sponsored Enterprises

February 16, 2011 in Banking Report · Leave a Comment 

The Treasury Department released a set of housing policy options Feb. 11 that would slowly dissolve government-sponsored housing finance enterprises (GSE) Fannie Mae and Freddie Mac and transition to a much smaller and explicit federal guarantee role for the mortgage market…

BNA INSIGHTS: Breaking the Gridlock: Strategies for Managing Distressed Real Estate Issues

January 19, 2011 in Banking Report · Leave a Comment 

Despite indications that commercial real estate (CRE) prices may have hit bottom and that some market stability has returned, the relationship between borrowers and lenders remains tenuous at best and fractious at worst.
With more than $1.4 trillion in CRE loans set to mature over the next several years, many borrowers have little hope of refinancing due to the collapse of CRE…

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