Colonial Bank

Type: Company
Name: Colonial Bank
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

DS News Webcast: Wednesday 8/27/2014

[embedded content]The Federal Housing Administration announced earlier this week the passing of two new rules – one that prohibits lenders from charging interest on FHA-insured mortgages that are paid in full and one that changes the requirements for ... [Published DSNews.com - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

Report: Freddie Mac, Ginnie Mae Ignored ‘Red Flags’ in Fraud Case

A report filed last week by the Office of Inspector General of the Federal Housing Finance Agency ( FHFA ) states that Freddie Mac  and Ginnie Mae  ignored "red flags" with regards to a mortgage fraud scheme perpetrated by lenders Taylor, Bean, and Whitaker ... [Published DSNews.com - Aug 27 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 2 reports

Billions lost to fraud through lack of communication at Fannie, Freddie -- report

The government’s mortgage finance giants could have saved taxpayers billions had they more effectively shared information about a massive fraud case, according to a new report.A new report by the acting inspector general of the Federal Housing Finance ... [Published Mortgage Professional America - Aug 26 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

In search of elusive George Brown

I’m in Glasgow on a three-week residency organised by the Mitchell Library and the British Council. The residency, Trading Tales, is a two-way exchange between Scotland and the Caribbean, with the intention of finding and showing connections between the ... [Published Trinidad Guardian - Aug 26 2014]
First reported Aug 21 2014 - Updated Aug 22 2014 - 1 reports

FDIC, SEC Slam BofA with $1B in Settlements

The Federal Deposit Insurance Corp. (FDIC) and the SEC have announced more than $1 billion in settlements against Bank of America Corp. (BofA) and its entities in efforts to resolve claims against BofA related to residential mortgage-backed securities ... [Published Financial Technologies Forum - Aug 21 2014]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

FDIC Announces Settlement With Bank of America - Settlement of Claims Totals $1.03 Billion

FDIC Announces Settlement With Bank of America Settlement of Claims Totals $1.03 Billion FOR IMMEDIATE RELEASEAugust 21, 2014Media Contact:David Barr (202) 898-6992dbarr@fdic.govThe Federal Deposit Insurance Corporation (FDIC) as Receiver for 26 failed ... [Published FDIC - Aug 21 2014]
First reported Aug 10 2014 - Updated Aug 10 2014 - 1 reports

The Week in Birmingham History: Father James Coyle murdered; tear gas attack at Loveman's

AUGUST 10:2008: ShotSpotter detected its first homicide. The system consists of about 100 sensors that detect gunshots and alert police to the location. The victim was Romana Keahey, 38, of Hoover.1928: Legion Field announcer Simpson Pepper -- ''The Voice ... [Published al.com - Aug 10 2014]
First reported Aug 06 2014 - Updated Aug 06 2014 - 1 reports

10 Important Companies

Today, the GraceKennedy Group comprises a varied network of some 60 subsidiaries and associated companies located across the Caribbean and in North and Central America and the United Kingdom.Its operations span the areas of food processing and distribution, ... [Published Jamaica Gleaner - Aug 06 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

50+ yrs. later, Rockville-United's Jeamel tees up in retirement

After more than a half-century in New England banking, Joseph F. Jeamel Jr. found it awfully hard to break away into retirement. His last stop, Glastonbury's United Bank (formerly Rockville Bank), where he spent the last 24 years of his career, just wouldn't ... [Published Hartford Business Journal - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 26 2014 - 1 reports

Second Vigil for Cory Barron brings out hundreds, school district…

A second vigil for Cory Barron Thursday evening brought out hundreds to the Fremont Ross High School on North Street.Vigil held for Cory Barron (Photo: Hilary Golston)FREMONT -- A second vigil for Cory Barron Thursday evening brought out hundreds to the ... [Published WKYC News - Jul 25 2014]
First reported Apr 28 2014 - Updated Apr 28 2014 - 1 reports

Federal Judge Dismisses Qui Tam Complaint Involving Management of $16 Billion of Shared-Loss Assets

Attorneys from Kane Russell Coleman & Logan PC’s Financial Services Litigation practice group successfully defended Branch Banking and Trust Company (“BB&T”) against allegations that BB&T had manipulated sales of promissory notes in order to inflate FDIC ... [Published PRWeb - Apr 28 2014]
First reported Mar 20 2014 - Updated Mar 20 2014 - 1 reports

The Only CEO Prosecuted For The Mortgage Crisis Says He Feels Like A 'Zombie' In Jail

Lee Farkas , 61, hid billions of dollars through phony accounting and triple-selling mortgages to various financial institutions. Currently he is serving a 30-year prison sentence at Butner Federal Penitentiary in North Carolina and supposedly withering ... [Published Clusterstock - Mar 20 2014]
Entities: Mortgages, Jail, Crisis

Quotes

...The FHA says the new rules will "provide consistent protections for borrowers with FHA-insured mortgages, while ensuring borrowers have early access to information when making decisions about their FHA mortgages."
...have alerted counterparties, investors, and regulators to the fraud scheme, but they were not adequately addressed," Stephens said in the report. "The failure to adequately address the red flags cost various parties losses of billions of dollars."
...The attack sent 22 people to hospitals. A front page News editorial called for an end to such incidents. "It might be dynamite next time. Your wife or child might be passing by when it went off. Let's stop it, right now!"
"Bill's a very smart guy,'' Jeamel said of McGurk's years-long merger overtures to United Bank of West Springfield. "He knows what he wants. He had the fortitude to move it forward."

More Content

All (16) | News (12) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
DS News Webcast: Wednesday 8/27/2014 [Published DSNews.com - Aug 27 2014]
Report: Freddie Mac, Ginnie Mae Ignored ‘Red Fl... [Published DSNews.com - Aug 27 2014]
Billions lost to fraud through lack of communic... [Published Mortgage Professional America - Aug 26 2014]
FHFA watchdog: GSEs still at risk of TBW-style ... [Published HousingWire.com - Aug 26 2014]
In search of elusive George Brown [Published Trinidad Guardian - Aug 26 2014]
FDIC, SEC Slam BofA with $1B in Settlements [Published Financial Technologies Forum - Aug 21 2014]
FDIC Announces Settlement With Bank of America ... [Published FDIC - Aug 21 2014]
The Week in Birmingham History: Father James Co... [Published al.com - Aug 10 2014]
10 Important Companies [Published Jamaica Gleaner - Aug 06 2014]
50+ yrs. later, Rockville-United's Jeamel tees ... [Published Hartford Business Journal - Jul 28 2014]
Second Vigil for Cory Barron brings out hundred... [Published WKYC News - Jul 25 2014]
Federal Judge Dismisses Qui Tam Complaint Invol... [Published PRWeb - Apr 28 2014]
The Only CEO Prosecuted For The Mortgage Crisis... [Published Clusterstock - Mar 20 2014]
Why the Justice Department Inspector General Re... [Published naked capitalism - Mar 18 2014]
Fact Sheet for Colonial BancGroup [Published Able2Act - Apr 28 2009]
Fact Sheet for Colonial Bancgroup Inc. [Published Able2Act - Jan 03 2008]
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The Only CEO Prosecuted For The Mortgage Crisis... [Published Clusterstock - Mar 20 2014]
Lee Farkas , 61, hid billions of dollars through phony accounting and triple-selling mortgages to various financial institutions. Currently he is serving a 30-year prison sentence at Butner Federal Penitentiary in North Carolina and supposedly withering ...
Why the Justice Department Inspector General Re... [Published naked capitalism - Mar 18 2014]
By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen Hello, folks! As Yves is off explaining the world to Washington, I’m manning the controls for a couple days. This allows me to ensure ...
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