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Loan Modification
: Loan Modification & Home Loan NewsBig banks prosper but smaller lenders? struggles deepen
By Moe Bedard
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First-quarter profits tripled for the nation’s banking industry as big banks recovered their footing, the government reported Thursday.
But the news was not all good for the industry. Troubles at smaller lenders swelled the number of problem banks to nearly 10% of all institutions, according to the report by the Federal Deposit Insurance Corp.
The agency said [...]Full post as published by Loan Modification & Home Loan News on May 21, 2010 (boomark / email).
Lawsuits and Settlements
Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings
Lenders Fined
Ryland Group Inc. settles $370,000 questionable lending suit.
Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.
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