Newsbytes 

February 3, 2012 – Freddie Mac released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house.

February 3, 2012 – The Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks and federal savings associations in Wilmington, Delaware, March 19-21.

February 2, 2012 – The Enoch Pratt Free Library and the Maryland Department of Labor’s (DLLR) Office of the Commissioner of Financial Regulation announced this week the launch of an online Financial Literacy Clearinghouse.

February 2, 2012 – Fannie Mae, the single largest source of mortgage financing for rental housing, announced 2011 results for its multifamily business.

February 2, 2012 – Freddie Mac released the results of its Primary Mortgage Market Survey, showing average mortgage rates dropping to new all-time record lows as data on economic growth fell short of market projections.

February 1, 2012 – Four federal financial regulatory agencies – the Federal Reserve Board, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency – on Tuesday issued ...

February 1, 2012 – The Federal Housing Finance Agency (FHFA) announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011.

January 31, 2012 – Gavin Gee, director of the Idaho Department of Finance, released numbers for 2011 that suggest the number of businesses in the financial services sector in Idaho has stabilized and, in some areas, grown.

January 31, 2012 – The Federal Deposit Insurance Corporation (FDIC) will host a national conference titled "The Future of Community Banking" Feb. 16.

January 31, 2012 – Acting Comptroller of the Currency John Walsh discussed challenges facing community banks and thrifts during a speech before attendees of a conference sponsored by Bank Director magazine in Phoenix, Jan. 30.

January 30, 2012 – As announced in December, FinCEN today launched a new MSB Registration Web site to improve the availability of MSB registration information.

January 30, 2012 – The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) agreed to work together to seek to reduce differences ...

January 30, 2012 – The Office of the Comptroller of the Currency will host workshops for directors of nationally chartered community banks and federal savings associations in Denver, Colorado, at the Hyatt Regency Denver Tech Center, March 6-7, 2012.

January 27, 2012 – The Patrick-Murray Administration's Division of Banks is encouraging low- and moderate-income taxpayers to explore the potential benefits of the federal Earned Income Tax Credit ...

January 27, 2012 – The Federal Reserve Board announced that Chairman Ben S. Bernanke will deliver a series of lectures aimed at college students.

January 26, 2012 – The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced that the Wyoming Division of Banking ...

January 26, 2012 – The FDIC held the second meeting of the Systemic Resolution Advisory Committee Wednesday where committee members heard presentations and discussions on ...

January 26, 2012 – The Federal Housing Finance Agency (FHFA) reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders ...

January 25, 2012 – The Office of the Comptroller of the Currency (OCC) announced it is seeking comment on a notice of proposed rulemaking to conduct annual stress tests.

January 25, 2012 – Fannie Mae announced that the company issued $7.2 billion multifamily MBS1 in the fourth quarter of 2011, the highest quarterly issuance since Fannie Mae began reinvigorating its multifamily MBS business in 2009.

January 25, 2012 – The Financial Accounting Standards Board (FASB) issued for public comment a proposed Accounting Standards Update on indefinite-lived intangible asset impairment testing ...

January 25, 2012 – The United States Department of the Treasury announced the fifth and final disposition of securities within its Small Business Administration Securities Purchase Program...

January 24, 2012 -- Governor Paul R. LePage and Bureau of Financial Institutions Superintendent Lloyd P. LaFountain III announced that the Bureau has been awarded reaccreditation by the Conference of State Bank Supervisors (CSBS).

January 23, 2012 -- The Consumer Financial Protection Bureau (CFPB) adopted a rule that will increase protections for consumers who transfer money internationally.

January 20, 2012 –The Consumer Financial Protection Bureau (CFPB) published Thursday a Short-Term, Small-Dollar Lending Procedures field guide for CFPB examiners.

January 20, 2012 –The Office of the Comptroller of the Currency will host a workshop for directors of nationally chartered community banks and federal savings associations in Fort. Lauderdale, Florida, Feb. 27-29.

January 19, 2012 – The Securities and Exchange Commission (SEC) published on its website a request for public comment on financial literacy and investor disclosure issues ...

January 19, 2012 – Today the Consumer Financial Protection Bureau (CFPB) will convene the agency’s first field hearing in Birmingham, Ala. to discuss payday lending products.

January 18, 2012 -- The FDIC approved a final rule requiring an insured depository institution with $50 billion or more in total assets to submit to the FDIC periodic contingency plans for resolution in the event of the institution's failure.

January 18, 2012 -- In an effort to better empower Coloradans to build and safeguard their future, Colorado’s Department of Regulatory Agencies (“DORA”) will hold a series of free investor education programs...

January 17, 2012 -- The Pennsylvania Department of Banking's Bureau of Compliance and Licensing took 99 enforcement actions during the fourth quarter of 2011.

January 17, 2012 -- The FDIC approved a notice of proposed rulemaking that would require certain large insured depository institutions to conduct annual capital-adequacy stress tests.

January 13, 2012 – The Federal Reserve Board announced the appointment of Jon Faust as special adviser in the Office of Board Members, effective Jan. 17.

January 13, 2012 – A joint hearing will be held Jan. 18 by two Financial Services subcommittees to evaluate the proposed Volcker Rule and its impact on the economy, jobs, businesses and investors.

January 12, 2012 – The Consumer Financial Protection Bureau (CFPB) announced a key initial step in implementing its Nonbank Supervision program — the publication of the Mortgage Origination Examination Procedures.

January 12, 2012 – Freddie Mac released the results of its Primary Mortgage Market Survey, showing mortgage rates easing to new all-time record lows for all products covered in the survey helping to keep homebuyer affordability high.

January 11, 2012 – Fannie Mae announced CEO Michael J. Williams will resign. Williams was appointed President and Chief Executive Officer in 2009, after the company was placed in federal conservatorship.

January 11, 2012 – The Federal Reserve Board on Tuesday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $76.9 billion of their estimated 2011 net income to the U.S. Treasury.

January 11, 2012 – The White House announced that current Director of Intergovernmental Affairs Cecilia Muñoz will now serve as the Director of the Domestic Policy Council.

January 10, 2012 – The Office of the Comptroller of the Currency recently announced its 2012 schedule of workshops to be held around the country for directors of nationally chartered community banks and federal savings associations.

January 10, 2012 – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the December edition of the Obama Administration's Housing Scorecard.

January 9, 2012 -- Later this month Freddie Mac will launch a free database tool for investors and analysts interested in monitoring Multifamily K-Deal mortgage-backed securities performance and credit quality.

January 9, 2012 -- Americans' attitudes on a variety of issues are marginally better than one month ago, according to results from Fannie Mae’s December National Housing Survey.

January 5, 2012 – President Obama announced his intent to recess appoint four individuals to fill key administration posts that have been left vacant: Richard Cordray has been appointed Director of the Consumer Financial Protection Bureau ...

January 5, 2012 – CSBS announced that the Maine Department of Professional and Financial Regulation, Bureau of Financial Institutions (the Bureau), has received a certificate of accreditation ...

January 5, 2012 – The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced that the Mississippi Department of Banking and Consumer Finance ...

January 4, 2012 – The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the weeks ending Dec. 23, 2011 and Dec. 30, 2011.

January 3, 2012 – The Federal Deposit Insurance Corporation (FDIC) released a list of orders of administrative enforcement actions taken against banks and individuals in November.

January 3, 2012 – For the new year, the Kentucky Department of Financial Institutions (DFI) is offering consumers 100 tips for being money smart in honor of the agency’s 100 years serving the state.

December 29, 2011 -- In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting Federal Housing Administration ...

December 28, 2011 -- NorthEast Community Bancorp, Inc., the holding company for NorthEast Community Bank announced that the Bank has submitted an application to the New York State Department of Financial Services to convert its charter ...

December 27, 2011 -- The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission have extended ...

December 22, 2011 -- The Federal Housing Finance Agency (FHFA) reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, was 4.22 percent ...

December 22, 2011 -- Ginnie Mae reported that Fiscal (FY) 2011 net income reached a corporate highpoint of $1.184 billion, surpassing $541.5 million in FY 2010 and a previous high of $906 million in FY 2008.

December 21, 2011 -- The Financial Crimes Enforcement Network (FinCEN) announced that the deadline for financial institutions to utilize FinCEN's new Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) ...

December 21, 2011 -- The quarterly Mortgage Metrics Report released by the Office of the Comptroller of the Currency (OCC) showed the performance of first-lien mortgages serviced by large national banks and federal savings association was stable ...

December 21, 2011 -- The OCC announced that Michael Sullivan has been appointed Deputy Comptroller for Risk Analysis effective Dec. 18.

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency announced the annual adjustment to the asset-size thresholds...

According to Fannie Mae’s Economics & Mortgage Market Analysis Group, fourth quarter economic activity indicates that 2011 will end on a positive note.

The federal bank regulatory agencies—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency...

The Securities and Exchange Commission (SEC) has charged six former executives of Fannie Mae and Freddie Mac with securities fraud...

The Consumer Financial Protection Bureau (CFPB, the Bureau) has announced that whistleblowers can alert the CFPB to potential violations of federal consumer financial laws in multiple ways.

The Federal Deposit Insurance Corporation (FDIC) has appointed Kristie K. Elmquist as Regional Director for the FDIC’s Dallas Regional Office.

The Federal Deposit Insurance Corporation (FDIC) has announced a settlement with the former directors and officers of Washington Mutual Bank (WaMu).

The Financial Crimes Enforcement Network (FinCEN) has announced it will launch a new Money Service Business (MSB) Registration Website the week of January 23, 2012.

The Office of the Comptroller of the Currency announced it will host a live web and telephone seminar from 2 to 3:30 pm Eastern on February 15, 2012.

December 15, 2011 – The Federal Housing Finance Agency said it will extend implementation dates for a key component of the Uniform Mortgage Data Program (UMDP)...

December 15, 2011 – The FDIC highlights certain aspects of the 2010 Interagency Appraisal and Evaluation Guidelines in an article titled "Navigating the Real Estate Valuation Process" ...

December 15, 2011 – Fannie Mae announced Servicer Total Achievement and Rewards (STAR) Program results through the third quarter of 2011.

December 14, 2011 -- During its Dec. 13 meeting, the Federal Open Market Committee (FOMC) announced that information received since its November meeting indicates the economy has been expanding moderately...

December 14, 2011 -- Mortgage applications increased 4.1 percent from one week earlier, driven by a surge in refinance applications ...

December 13, 2011 -- The Federal Housing Finance Agency (FHFA), on its own behalf and as Conservator for Fannie Mae and Freddie Mac (the Enterprises), has filed a lawsuit in the U.S. District Court for the Northern District of Illinois ...

December, 12, 2011 -- The Office of the Comptroller of the Currency announced Monday that Morris Morgan has been named Large Bank Deputy Comptroller.

December 12, 2011 -- The Mortgage Bankers Association (MBA) filed a comment letter with the Federal Housing Finance Agency (FHFA) in response to its "Alternative Mortgage Servicing Compensation Discussion Paper," ...

December 9, 2011 – Luis A. Aguilar was sworn in Thursday to begin his second term as a Commissioner of the Securities and Exchange Commission.

December 9, 2011 – The Office of the Comptroller of the Currency announced it has assessed a civil money penalty of $20 million against Wells Fargo Bank, and required it to pay more than $14.5 million in restitution ...

December 9, 2011 – FinCEN has determined that grounds exist to assess a civil money penalty against Sarith Meas for the violation of the registration and anti-money laundering program requirements of the BSA.

December 8, 2011 – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved the organizational plan of the Office of Corporate Risk Management (OCRM) that will assess external and internal risks faced by the FDIC.

December 8, 2011 – The federal bank regulatory agencies announced they are seeking comment on a notice of proposed rulemaking (NPR) that would amend an earlier NPR announced in December 2010.

December 8, 2011 – The Consumer Financial Protection Bureau (CFPB) launched a new Know Before You Owe project aimed at simplifying credit card agreements.

December 7, 2011 – Amid a spate of positive economic news during the November survey period, consumer sentiment appears to have stabilized from previous levels ...

December 7, 2011 – Fannie Mae’s and Freddie Mac’s foreclosure prevention activity increased in the third quarter of 2011 and total nearly 2 million foreclosure prevention actions since the beginning of conservatorship in 2008.

The Federal Reserve Board has announced the designation of the chairs and deputy chairs of the 12 Federal Reserve Banks for 2012.

Fannie Mae and Neighborhood Housing Services of Phoenix celebrated one year of helping homeowners avoid foreclosure at the Fannie Mae Phoenix Mortgage Help Center.

December 5, 2011 – The Federal Deposit Insurance Corporation (FDIC) has issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).

December 2, 2011 – The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), the Consumer Financial Protection Bureau (CFPB), and the U.S. Department of the Treasury announced ...

December 2, 2011 – A new report from the National Conference of State Legislatures (NCSL) shows state fiscal conditions are improving, but at a slow pace.

December 1, 2011 – The Conference of State Bank Supervisors (CSBS) announced that the Colorado Division of Banking (the Division) has received a certificate of accreditation ...

December 1, 2011 – Fannie Mae and Freddie Mac announced that the government enterprises will suspend evictions of foreclosed single family and 2-4 unit properties from Dec. 19 through Jan. 2, 2012.

December 1, 2011 – The Conference of State Bank Supervisors (CSBS) announced that the Delaware Office of the State Bank Commissioner (the Department) has received a certificate of accreditation ...

December 1, 2011 – The Consumer Financial Protection Bureau (CFPB) issued a report on its first three months of collecting credit card complaint data while also asking the public for feedback ...

December 1, 2011 – The FDIC Board of Directors will hold an open session meeting Dec. 7 at 10a.m. to vote on a notice of proposed rulemaking ...

November 30, 2011 – As part of a coordinated effort with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank, the Federal Reserve announced it will ...

November 30, 2011 – The Federal Reserve Board announced the appointment of Michael S. Gibson as director of the Division of Banking Supervision and Regulation, effective January 1, 2012.

November 30, 2011 – U.S. house prices rose in the third quarter of 2011, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI).

November 30, 2011 – Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco has announced the appointments of Richard B. Hornsby, as FHFA’s Chief Operating Officer (COO) ...

November 30, 2011 – The Financial Services Committee will convene a hearing Thursday with Federal officials and industry experts to evaluate the financial health of the Federal Housing Administration (FHA) ...

November 29, 2011 -- Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors.

November 28, 2011 -- The U.S. Department of the Treasury announced that two financial institutions have repurchased Troubled Asset Relief Program (TARP) Capital Purchase Program (CPP) investments ...

November 23, 2011 – Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $35.3 billion in the third quarter of 2011 ...

November 23, 2011 – The Office of the Comptroller of the Currency (OCC) issued a report on the actions by 12 national bank and federal savings association mortgage servicers ...

November 23, 2011 – The Federal Housing Finance Agency (FHFA) announced that under terms set forth in the Housing and Economic Recovery Act of 2008 (HERA), the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac ...

November 22, 2011 -- The Federal Reserve Board (Board) announced Monday the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2012.

November 22, 2011 -- New Jersey Department of Banking and Insurance Commissioner Tom Considine and The Provident Bank Chairman, President and CEO Chris Martin will address high school students in Jersey City ...

November 21, 2011 – The Financial Industry Regulatory Authority (FINRA) and the Ontario Securities Commission (OSC) announced they have entered into a Memorandum of Understanding (MOU) ...

November 21, 2011 – The seasonally adjusted delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 7.99 percent in the third quarter of 2011 ...

November 21, 2011 – The Board of Trustees of the Financial Accounting Foundation (FAF) announced the appointment of thirteen new members to the Financial Accounting Standards Advisory Council (FASAC) effective January 1, 2012.

November 18, 2011 – A statement that explains how the total assets of an insured bank, thrift or credit union will be measured for purposes of determining supervisory and enforcement responsibilities ...

November 18, 2011 – According to Fannie Mae’s Economics & Mortgage Market Analysis Group, the economy expanded at a 2.5 percent annualized rate in the third quarter while gains ...

November 17, 2011— The U.S. Department of Housing and Urban Development issued guidance to help state and local governments streamline their HUD-funded disaster recovery programs...

November 17, 2011— The Consumer Financial Protection Bureau (CFPB) announced that it is seeking information from students, schools, industry, and other stakeholders on the private student loan market.

November 16, 2011— Federal Housing Finance Agency released FHFA’s 2011 Performance and Accountability Report detailing the agency’s performance and achievements for fiscal year 2011.

November 16, 2011— The Consumer Financial Protection Bureau (CFPB) announced the hiring of eight experts for key senior leadership positions within the agency.

November 16, 2011— The Florida Office of Financial Regulation (OFR) announced that Commissioner Tom Grady has issued a settlement agreement resulting from an investigation of Goldman, Sachs & Co. (“Goldman Sachs”).

November 14, 2011 – Benjamin M. Lawsky, Superintendent of Financial Services, announced that New York’s Department of Financial Services has entered into agreements with Morgan Stanley ...

November 14, 2011 – Freddie Mac released the results of its Primary Mortgage Market Survey. The survey shows average mortgage rates changing little from the previous week amid a mix of economic data ...

The Kentucky Department of Financial Institutions (DFI) is partnering with the National Adult Protective Services Association, Investor Protection Trust, the Financial Planning Association, Baylor College of Medicine...

Chairman of the Senate Banking Committee Senator Tim Johnson (D-SD) has sent letters to the Government Accountability Office (GAO) and the federal financial regulators to ensure reforms mandated by the Dodd-Frank Wall Street Reform....

The National Conference of State Legislatures (NCSL) issued a press release announcing its support for the Marketplace Fairness Act...

November 9, 2011 – Fannie Mae has announced the opening of the Capital Area Mortgage Help Center Wednesday to provide free education and counseling services to struggling homeowners in the Washington, DC area.

November 9, 2011 – The Consumer Financial Protection Bureau (CFPB) announced the second phase of its Know Before You Owe mortgage project ...

November 8, 2011 – The Hawaii Department of Commerce and Consumer Affairs’ Division of Financial Institutions (DFI) received reports from consumers regarding an advertisement by Advanced Financial & Consulting Group, LLC (Company).

November 8, 2011 – The Consumer Financial Protection Bureau (CFPB) outlined plans to provide advance notice of potential enforcement actions to individuals and firms under investigation.

November 7, 2011 – The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update intended to increase transparency and consistency of financial reporting about consolidations.

November 7, 2011 – According to results from Fannie Mae's October National Housing Survey, Americans continue to be pessimistic about home prices, the economy, and personal finances.

November 1, 2011 – Cyrus Amir-Mokri was confirmed by the United States Senate Monday to serve as the U.S. Department of the Treasury's Assistant Secretary for Financial Institutions.

November 2, 2011 – Connecticut Commissioner Howard F. Pitkin has named Carmine Costa as Director of the Consumer Credit Division of the Department of Banking.

November 2, 2011 – CSBS President and CEO John W. Ryan announced this week the promotion of William (Bill) Matthews to Executive Vice President of the Conference of State Bank Supervisors CSBS.

November 2, 2011 – The U.S. Department of Housing and Urban Development’s Mortgagee Review Board (MRB) immediately suspended Allied Home Mortgage Corporation.

November 1, 2011 – A former manufactured-housing sales manager pled guilty in U.S. District Court in Charlotte to conspiring with others to defraud buyers of manufactured housing and the mortgage lenders used for their financing.

November 1, 2011 – The Missouri Division of Finance announced that mortgage loan originators can now apply to renew their Missouri MLO license.

November 1, 2011 – The Montana Attorney General’s Office and the Division of Banking and Financial Institutions issued an alert that warns consumers about people or entities engaged in a new scam involving text messages being sent to mobile devices.

November 1, 2011 – The Federal Reserve Board announced Monday the approval of fee schedules, effective January 3, 2012, for payment services the Federal Reserve Banks provide to depository institutions.

November 1, 2011 – The Federal Reserve Board announced borrowers who believe they were financially harmed during the mortgage foreclosure process in 2009 and 2010 can now request an independent review and potentially receive compensation.

October 31, 2011 – The Conference of State Bank Supervisors (CSBS) announced that the Alaska Division of Banking and Securities (the Division) has received a certificate of accreditation, certifying that the Division ...

October 31, 2011 – All American Bank, Des Plaines, Illinois, closed Friday by the Illinois Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

October 28, 2011 – The Conference of State Bank Supervisors (CSBS) submitted a statement for the record to the House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit...

October 28, 2011 – The Securities and Exchange Commission ordered the Financial Industry Regulatory Authority (FINRA) to hire an independent consultant...

October 28, 2011 – The Federal Housing Finance Agency (FHFA) released updated projections of the financial performance of Fannie Mae and Freddie Mac, including potential draws under the...

October 27, 2011 – The Financial Services Committee approved four bills Wednesday aimed to promote small business growth and create jobs.

October 27, 2011 – The Federal Housing Finance Agency announced two Freddie Mac board members, John Koskinen (Chairman) and Robert Glauber (Chairman, Governance and Nominating Committee) ...

October 27, 2011 – The Federal Housing Finance Agency reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders ...

Tuesday the Obama Administration announced it is taking steps to increase college affordability by making it easier to manage student loan debt.

The Consumer Financial Protection Bureau (CFPB) and the Department of Education have partnered to develop and launch a “financial aid shopping sheet.”

For the first time since March, U.S. house prices fell 0.1 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index.

Laurence E. Hirsch has announced he will not seek re-election to the company’s board of directors when his term expires. Hirsch joined Freddie Mac’s board in December 2008 and was most recently re-elected on February 17, 2011

October 21, 2011 – The Office of the Comptroller of the Currency has established advisory committees to provide perspectives to the agency on the unique challenges and needs of minority depository institutions and mutual savings associations.

October 21, 2011 – Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors.

October 20, 2011 – The Bureau of Consumer Financial Protection (CFPB) announced the selection of Hubert H. (“Skip”) Humphrey III to head up the newly established Office of Older Americans.

October 20, 2011 – In 2010, 2,548 different multifamily lenders provided a total of $68.8 billion in mortgage financing for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA).

October 19, 2011 – Commissioner Mike Rothman announced a multifaceted consumer outreach action plan focused on financial literacy.

October 19, 2011 – The Federal Deposit Insurance Corporation (FDIC) announced the appointment of Craig Jarvill as the Director of the Division of Finance (DOF).

October 19, 2011 – The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to transition away from current foreclosure attorney network programs and move to a system where mortgage servicers select qualified law firms ...

October 18, 2011 – The Oklahoma Banking Department has launched its new website designed to help consumers and financial institutions find what they are looking for quickly.

tober 18, 2011 – Freddie Mac released its U.S. Economic and Housing Market Outlook for October showing that as rental demand rises and apartment economics improve, the multifamily sector is a strong positive signal for the U.S. housing industry.

October 17, 2011 – The Federal Reserve Board has announced the approval of a final rule to implement the resolution plan requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

October 17, 2011 – Chairman Darrell Issa, R-CA, and the House Committee on Oversight and Government Reform submitted seven recommendations to the congressional Joint Select Committee on Deficit Reduction ...

October 13, 2011 – The Minnesota Department of Commerce launched a newly redesigned, user-friendly website this week.

October 13, 2011 – The Wisconsin Department of Financial Institutions, the Governor’s Task Force and the Wisconsin Department of Public Information have partnered together for Money Smart Week...

October 13, 2011 – The Office of the Comptroller of the Currency (OCC) announced that John C. Lyons, Jr. has been appointed Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner ...

October 12, 2011 – The Federal Reserve Board has requested comment on proposed rules intended to simplify the administration of reserve requirements and reduce administrative and operational costs for both depository institutions and Reserve Banks.

October 12, 2011 – The Financial Stability Oversight Council (FSOC) has taken a key step forward to monitor and mitigate potential threats to U.S. financial stability and to protect the American taxpayer by releasing ...

October 11, 2011 – The Kentucky Department of Financial Institutions (DFI) has launched a new website. The new website improves navigation and access to the wealth of information on DFI’s site.

October 11, 2011 – Americans are still very pessimistic about the economy, home prices, and household finances, according to results from Fannie Mae's September National Housing Survey.

October 11, 2011 – The Federal Deposit Insurance Corporation (FDIC) updated its loss, income, and reserve ratio projections for the Deposit Insurance Fund (DIF) over the next several years.

October 11, 2011 – The Federal Reserve Board and the Office of the Comptroller of the Currency has requested public comment on a proposed regulation implementing the so-called "Volcker Rule" ...

October 7, 2011 – Following recent news reports of new checking account fees and costs, Raj Date, Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau, issued a statement stressing ...

October 6, 2011 – The Conference of State Bank Supervisors (CSBS) announced that the West Virginia Division of Banking (Division) has received a certificate of accreditation ...

October 6, 2011 – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the September edition of the Obama Administration's Housing Scorecard...

October 5, 2011 – Mississippi Governor Gov. Haley Barbour has appointed Theresa Brady as Commissioner of the Mississippi Department of Banking and Consumer Finance, effective immediately.

October 5, 2011 – Commissioner Howard F. Pitkin has named Eric Wilder as Director of the Securities and Business Investments Division of the Connecticut Department of Banking.

October 5, 2011 – Treasury Secretary Timothy F. Geithner will testify before the House Financial Services Committee Thursday about efforts to implement regulatory reforms and identify emerging threats to the nation’s financial stability.

October 5, 2011 – The Office of the Comptroller of the Currency (OCC) announced recently that David Nebhut has been appointed Deputy Comptroller for Economic and Policy Analysis.

October 4, 2011 – The Financial Industry Regulatory Authority (FINRA) announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc., $1 million for supervisory failures that allowed ...

October 4, 2011 – Freddie Mac announced that it plans to issue a new three-year USD Reference Notes security due on Nov. 25, 2014.

October 3, 2011 – Gavin Gee, director of the Idaho Department of Finance, announced that the department will be a sponsor of the upcoming “Smart Women, Smart Money—Idaho Everywoman’s Financial Conference” in Boise and Coeur d’Alene.

October 3, 2011 – Financial Services Superintendent Benjamin M. Lawsky announced the launch of New York State's new Department of Financial Services (DFS) during a speech Monday at Pace University in New York.

September 30, 2011 – Fannie Mae has announced the opening of the St. Louis Mortgage Help Center to provide free education and counseling services to struggling homeowners.

September 30, 2011 – The Domestic Monetary Policy and Technology Subcommittee of the House Financial Services Committee, chaired by Rep. Ron Paul, R-Texas, will hold a hearing on auditing the Federal Reserve ...

September 29, 2011 – The performance of first-lien mortgages serviced by large national banks and federal savings associations declined slightly during the second quarter of 2011...

September 29, 2011 – Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), coming on the heels of the Federal Reserve's latest effort to boost the economy through Operation Twist.”

September 28, 2011 – The Federal Housing Finance Agency (FHFA) announced that the Joint Initiative on Mortgage Servicing Compensation is seeking public comment on ...

September 28, 2011 – The Financial Crimes Enforcement Network (FinCEN) reported in its Second Quarter 2011 Analysis of mortgage loan fraud suspicious activity reports (MLF SARs) that financial institutions filed ...

September 27, 2011 – The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders ...

September 27, 2011 – Freddie Mac released its U.S. Economic and Housing Market Outlook for September showing the effect of monetary policy to date and why coupling monetary with fiscal stimulus could ...

September 26, 2011 – Bank of the Commonwealth, Norfolk, Virginia, closed Friday by the Virginia State Corporation Commission.

September 26, 2011 – The Conference of State Bank Supervisors echoed ICBA and community bank concerns with the Small Business Lending Fund application approval process in a letter to Treasury.

September 26, 2011 – The Federal Housing Finance Agency (FHFA)released its third annual report on guarantee fees (g-fees) charged by Fannie Mae and Freddie Mac ...

September 23, 2011 – An investigation conducted by the Enforcement Division at the Minnesota Department of Commerce recently unveiled an elaborate scheme designed to pad the pockets of a homegrown real estate fraud ring.

September 23, 2011 – The Independent Community Bankers of America (ICBA) has endorsed a Senate bill introduced by Sen. Jerry Moran, R-Kan.

September 22, 2011 – The Federal Open Market Committee met Wednesday and took action toward supporting “a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate.”

September 22, 2011 – The Senate Banking Committee held a hearing to discuss housing finance focusing on the role of a government guarantee, as well as the benefits and risks to taxpayers.

September 21, 2011 – Fred J. Joseph was officially appointed the State Bank Commissioner on Sept. 20 having served two separate stints as the interim Commissioner.

September 21, 2011 – Thomas B. Gronstal, chairman of Carroll County State Bank in Carroll, Iowa, was recently honored as the 2011 recipient of the Iowa Bankers Association’s (IBA) James A. Leach Leadership Award.

September 21, 2011 – Independent Community Bankers of America (ICBA) Senior Vice President and Senior Regulatory Counsel Chris Cole told the Federal Reserve during a hearing regarding the acquisition of ING Direct USA by Capital One Financial Corp.

September 21, 2011 – Allan Dechert, president of the New Jersey Association of Realtors testified before the Senate Banking Subcommittee on Housing, Transportation, and Community Development regarding new ideas to address foreclosures.

September 20, 2011 – The Independent Community Bankers of America (ICBA) continued to urge Treasury Secretary Timothy Geithner and top bank regulators to respond expeditiously to all community banks ...

September 19, 2011 -- The Independent Community Bankers of America issued this statement Friday regarding the appointment of Esther George, first vice president and chief operating officer of the Federal Reserve Bank of Kansas City ...

September 19, 2011 -- Commercial banks reported trading revenue of $7.4 billion in the second quarter of 2011, the Office of the Comptroller of the Currency (OCC) reports.

September 16, 2011 -- The Pennsylvania Department of Banking (Department) announced that consumers can now find information about mortgage professionals employed by banks and credit unions through the Nationwide Mortgage Licensing System and Registry.

September 16, 2011 -- Freddie Mac has approved 12 lenders to sell and service multifamily seniors housing conventional loans nationwide.

September 16, 2011 -- The National Association of Realtors sent a letter to the U.S. Department of Housing and Urban Development, the Federal Housing Finance Agency, and the U.S. Department of the Treasury, in response to ...

September 15, 2011 -- Fannie Mae announced Servicer Total Achievement and Rewards (STAR) Program results for the first half of 2011, measuring the performance of servicers in helping homeowners avoid foreclosure.

September 15, 2011 -- The Federal Deposit Insurance Corporation (FDIC) has announced that its Midwest Temporary Satellite Office, located in Schaumburg, IL, will closed on Sept. 28, 2012.

September 15, 2011 -- The Financial Crimes Enforcement Network (FinCEN) announced a proposal that FinCEN reports required under the Bank Secrecy Act (BSA) be filed electronically starting June 30, 2012.

September 15, 2011 -- David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), testified before the Senate Banking Subcommittee on Housing, Transportation and Community Development at a hearing Wednesday ...

September 15, 2011 -- The U.S. Department of the Treasury announced that an additional 61 community banks across the country received a total of $608 million ...

September 14, 2011 -- Jack E. Herstein, Assistant Director of the Nebraska Department of Banking and Finance and head of the Department’s Bureau of Securities, began his one-year tenure as President of the ...

September 14, 2011 -- The American Association of Residential Mortgage Regulators (AARMR) presented the Pennsylvania Department of Banking with a 2011 Distinguished Service Award at the association’s annual conference.

September 14, 2011 -- The Senate Banking Committee held a hearing Tuesday as part of its ongoing effort to explore how best to reform the GSEs and the housing finance system.

September 14, 2011 -- The Senate Banking Committee held a hearing Tuesday as part of its ongoing effort to explore how best to reform the GSEs and the housing finance system.

September 14, 2011 -- The FDIC approved an Interim Final Rule that would require an insured depository institution with $50 billion or more ...

September 14, 2011 -- The Federal Deposit Insurance Corporation (FDIC)has approved a final rule to be issued jointly by the FDIC and the Federal Reserve Board to implement Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

September 14, 2011 -- The Office of the Comptroller of the Currency encourages national banks and federal savings associations to work with customers affected by the wild fires and drought in the southwest United States.

September 13, 2011 -- After the Federal Trade Commission filed an action in U.S. district court, a payday lender that allegedly attempted to illegally garnish consumers’ wages has agreed to stop the challenged conduct pending trial.

September 13, 2011 -- Commercial/multifamily mortgage delinquency rates among four out of five major investor groups decreased in the second quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

September 9, 2011 -- Republicans on the Financial Services Committee released a letter sent to Secretary Timothy F. Geithner asking for a status report on ...

September 8, 2011 -- The Consumer Financial Protection Bureau (CFPB) announced that it is seeking public input on consumer financial products and services tailored to servicemembers and their families.

September 8, 2011 -- Americans’ pessimism about the economy, home prices, and household finances are deepening, according to findings from Fannie Mae’s August National Housing Survey.

September 8, 2011 -- During the second quarter of 2011, there were 1,023 reported violations of the Federal Bank Robbery and Incidental Crimes Statue, a decrease from the 1,146 reported violations in the same quarter of 2010.

September 7, 2011 -- Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing to consider the nomination of Richard Cordray to be the first Director of the Consumer Financial Protection Bureau.

September 7, 2011 -- Freddie Mac’s full menu of relief policies for borrowers affected by disaster is being extended to homeowners whose homes were damaged or destroyed by Hurricane Irene ...

September 7, 2011 -- The Financial Crimes Enforcement Network (FinCEN) released its analysis of identity theft suspicious activity reports (SARs) filed by securities and futures firms ...

September 7, 2011 -- The Commission is seeking public comment on the process it should use to conduct retrospective reviews, such as how often rules should be reviewed, the factors that should be considered ...

September 6, 2011 – The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters.

September 2, 2011 – Superintendent of Financial Services Benjamin M. Lawsky Thursday announced that New York’s Department of Financial Services and Banking Department have entered into an agreement with Goldman Sachs Bank ...

September 2, 2011 – The Federal Reserve Board on Thursday announced a formal enforcement action against the Goldman Sachs Group, Inc. and Goldman Sachs Bank USA to address a pattern of misconduct and negligence relating to ...

September 2, 2011 – Fannie Mae and Freddie Mac have completed nearly 1.8 million foreclosure prevention actions since the beginning of conservatorship in the fourth quarter of 2008.

September 2, 2011 – The House Financial Services Committee’s subcommittee on Capital Markets and Government Sponsored Enterprises will hold a field hearing in New York next week ...

September 2, 2011 – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury has released its August edition of the Obama Administration’s Housing Scorecard.

September 1, 2011 – The U.S. Department of the Treasury announced that an additional 50 community banks across the country received a total of $767 million as part of the next wave of funding provided through the Small Business Lending Fund (SBLF).

September 1, 2011 – The Federal Reserve Board is seeking comment on a proposed rule outlining the procedures for securities holding companies (SHCs) to elect to be supervised by the Federal Reserve.

September 1, 2011 –The Federal Trade Commission is mailing more than 110,000 refund checks to consumers defrauded by an online operation that tricked payday loan applicants into paying for an unrelated debit card.

September 1, 2011 –The SEC announced that in fiscal year 2012 the fees that public companies and other issuers pay to register their securities with the SEC will be set at $114.60 per million dollars.

September 1, 2011 – The Securities and Exchange Commission voted unanimously to request public comment on the treatment of asset-backed issuers as well as real estate investment trusts and other mortgage-related pools under the Investment Company Act.

September 1, 2011 -- Independent mortgage banks and subsidiaries made an average profit of $575 on each loan they originated in the second quarter of 2011, up from $346 per loan in the first quarter of 2011.

August 31, 2011 – Gavin Gee, director of the Idaho Department of Finance, warned that a company calling itself Freedom Companies Marketing, Inc., has been targeting Spanish...

August 31, 2011 – The Indiana Department of Finance (DFI) released its 2010 annual report. The report provides financial information on Indiana’s state-chartered entities.

August 31, 2011 – The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2011.

August 31, 2011 – The Government National Mortgage Association (Ginnie Mae) announced that it is expanding the parameters regarding loans eligible for repurchase from Ginnie Mae Mortgage-Backed Securities (MBS).

August 30, 2011 -- The Securities and Exchange Commission announced that Kathleen Weiss Hanley has been named Deputy Director and Deputy Chief Economist for the SEC’s Division of Risk, Strategy, and Financial Innovation (RiskFin).

August 30, 2011 -- The Federal Housing Finance Agency reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.57 percent...

August 26, 2011 -- A joint press release was issued by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.

August 26, 2011 -- The Mortgage Bankers Association (MBA) released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011.

August 26, 2011 -- The US Department of the Treasury today released the latest TARP Warrant Disposition Report including data during the six months ending June 30, 2011.

August, 29, 2011 -- CSBS has released its first and second quarter data for state-licensed mortgage companies, branches, and individuals in NMLS—a mortgage licensing system owned and operated by state regulators.

August 29, 2011 -- The Federal Reserve Board (Board) announced that it will hold three public meetings on the notice by Capital One Financial Corporation, McLean, Virginia, to acquire ING Bank, Wilmington, Delaware...

August 23, 2011 -- The Federal Reserve Board is proposing a two-year phase-in period for most savings and loan holding companies (SLHCs) to file Federal Reserve regulatory reports with the Board...

August 23, 2011 -- The Federal Deposit Insurance Corporation (FDIC), the Treasury's Financial Crimes Enforcement Network (FinCEN), and the State of Florida Office of Financial Regulation (OFR) announced...

August 23, 2011 -- The Conference of State Bank Supervisors (CSBS) announced that the Mississippi Department of Banking and Consumer Finance (DBCF, or the Department) has received a certificate of accreditation...

August 25, 2011 -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) (jointly, the organizations) have issued a joint comment letter to...

August 25, 2011 -- U.S. house prices were 0.6 percent lower in the second quarter than in the first quarter of 2011 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI).

August 24, 2011 -- The Wisconsin Department of Financial Institutions (DFI) released its annual list of financial products and practices that threaten to trap unwary investors.

Augsut 24, 2011 -- Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $28.8 billion in the second quarter of 2011...

August 24, 2011 -- To help develop policies that will stabilize the nation’s housing market and support an economic recovery, the National Association of Realtors (NAR) is urging the White House...

August 22, 2011 -- The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have approved for publication...

August 22, 2011 -- The Mortgage Bankers Association’s (MBA) Economic and Mortgage Finance Forecasts released a projected $1.1 trillion in residential mortgage origination volume in 2011...

August 22, 2011 -- The Conference of State Bank Supervisors (CSBS) has released its inaugural Annual Report. The report provides a summary of CSBS activities and financial performance during 2010.

August 19, 2011 -- The U.S. Department of the Treasury announced it has received an additional repayment from American International Group (AIG) of $2.15 billion funded through...

August 19, 2011 -- The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC)announced the availability of...

August 19, 2011 -- The Minnesota Department of Commerce has undergone a significant, strategic reorganization of its divisions to better serve Minnesota consumers and businesses.

August 18, 2011 -- The U.S. Department of the Treasury announced Wednesday an additional 37 community banks across the country received a total of $418 million as part of the next wave of funding provided through the Small Business Lending Fund (SBLF).

August 18, 2011 - The North Carolina Office of the Commissioner of Banks has released its 2010 Annual Report. The report provides financial information for the calendar year ended Dec. 31, 2010...

August 17, 2011 -- Freddie Mac has released its U.S. Economic and Housing Market Outlook for August showing that despite the recent ups and downs in the capital markets...

August 17, 2011 -- Deputy Comptroller of the Southern District of the Office of the Comptroller of the Currency Gil Barker testified Tuesday on community bank examination practices...

August 17, 2011 -- John W. Ryan has been named President and CEO of the Conference of State Bank Supervisors (CSBS) as of September 1, 2011, with full responsibilities taking effect January 1, 2012.

August 16, 2011 -- Freddie Mac reports that fixed-rate loans accounted for 95 percent of refinance loans in the second quarter of 2011.

August 16, 2011 -- Fannie Mae’s latest quarterly National Housing Survey found pessimism among consumers continues to grow with concerns about job loss.

The Federal Bureau of Investigation’s (FBI) 2010 Mortgage Fraud Report indicates mortgage fraud continued to rise in 2010, consistent with 2009 levels.

The Federal Reserve Board (FRB or Board) has issued an interim final rule establishing regulations for savings and loan holding companies (SLHCs).

With its new whistleblower program officially becoming effective last week, the Securitieawards and Exchange Commission (SEC) launched a new webpage for people to report a violation of the federal securities laws and apply for a financial award.

August 12, 2011 -- Freddie Mac released the results of its Primary Mortgage Market Survey®, showing mortgage rates continuing to decline with the 30-year fixed averaging 4.32 percent, a new low for 2011.

August 12, 2011 -- Assets and total savings increased and the percentage of delinquent loans declined as Wisconsin credit unions showed signs of continued improvement...

August 11, 2011 -- The Financial Institutions and Consumer Credit Subcommittee of the House Financial Services Committee will hold a field hearing Aug. 16 in Newnan, Georgia...

August 11, 2011 -- The Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced...

August 10, 2011 -- The Financial Industry Regulatory Authority (FINRA) announced it has fined Citigroup Global Markets, Inc. $500,000 for failing to supervise...

August 10, 2011 -- The Georgia Department of Banking and Finance entered into a consent order with Gregory Parnell, a loan officer located in Atlanta...

August 10, 2011 -- The Office of the Comptroller of the Currency (OCC) named Charles Taylor its Deputy Comptroller for Capital and Regulatory Policy.

August 10, 2011 -- Information received by the Federal Open Market Committee (FOMC) indicates economic growth so far this year has been considerably slower than expected.

August 9, 2011 -- The Federal Deposit Insurance Corporation (FDIC) has clarified certain criteria in the FDIC’s Statement of Policy for Section 19 of the Federal Deposit Insurance Act (FDI Act)...

August 9, 2011 -- Fannie Mae has issued its July national consumer attitudinal survey, which found that Americans’ attitudes about the economy, household finances, and homeownership are growing more pessimistic.

August 9, 2011 -- The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced that...

Federal banking agencies have issued a joint press release regarding Standard & Poor’s lowering of the U. S. government’s long-term credit rating from AAA to AA+.

The Delaware Office of the State Bank Commissioner recently released its 2009 annual report.

The Georgia Department of Banking and Finance’s (Department) orders to cease and desist issued to Evert Bice of Ashtabula, Ohio, and James Schwartz of Medina, Ohio, is now final.

The Federal Housing Finance Agency (FHFA) announced that the 12 Federal Home Loan Banks (Banks) have fulfilled their obligation to pay interest on Resolution Funding Corporation (RefCorp) bonds.

August 5, 2011 -- Second quarter 2011 commercial and multifamily mortgage loan originations were 107 percent higher than during the same period last year...

August 5, 2011 -- Freddie Mac released the results of its Primary Mortgage Market Survey...

August 5, 2011 -- Fannie Mae reported a net loss of $2.9 billion in the second quarter of 2011...

August 5, 2011 -- Financial Services Committee Chairman Spencer Bachus (R-AL) is drafting legislation to restructure the Securities and Exchange Commission...

August 5, 2011 -- Homeowners now benefit from more protection when dealing with providers of mortgage relief services...

August 5, 2011 -- The Idaho Department of Finance (IDF) released statistics for the department’s fiscal year 2011...