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FDIC adds 54 more banks to its 'problem list' - KTIV
NEW YORK (AP) - The Federal Deposit Insurance Corp. says its list of problem banks, those considered to be in trouble, shot up to 171 during the third quarter. That's up nearly 50% from 117 in the second quarter, and the highest number since late ...

Bankruptcies up amid downturn - Gazette
In 2006, Caruso Homes was riding the national housing wave. The Crofton home builder racked up $161 million in revenue, ranking among the nation's 200 largest by Professional Builder Magazine. That same year, Caruso was named America's Best Builder ...

2nd UPDATE: Insurer Phoenix Cos, Mortgage Co PHH Seek Thrift - CNN Money
CHICAGO -(Dow Jones)- Three more non-banks, including one insurer, applied for a thrift banking charter last week to qualify for U.S. government financial aid. The applications were filed on time to qualify, but were "misrouted" to other offices in ...

Towson bank firm agrees to U.S. terms - Baltimore Sun
Towson-based AmericasBank said yesterday that it has taken steps to maintain its financial soundness under an agreement with federal and state regulators. The enforcement action, announced last week by the Federal Reserve Bank and the Maryland ...

Monarch Financial More Than Doubles 3rd Quarter Net Income and Reports ... - Yahoo Finance
CHESAPEAKE, Va., Oct. 15 /PRNewswire-FirstCall/ -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK - News ), the bank holding company for Monarch Bank, reported greatly improved third quarter net income and record year to date net income. Net income ...

Hartford, Lincoln, Genworth Buy S&Ls, May Gain Treasury Funds - Bloomberg
Nov. 15 (Bloomberg) -- Hartford Financial Services Group Inc., Genworth Financial Inc. and Lincoln National Corp. plan to buy lenders, a move that may entitle the insurers to billions of dollars from the Treasury's bank rescue fund. Hartford, which ...

4 insurers seek to buy thrifts for part of bailout - BusinessWeek
Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth Financial Inc., Lincoln National ...

UPDATE: Insurer Phoenix Cos, Mortgage Co PHH Seek Thrift - FXStreet.com
CHICAGO -(Dow Jones)- Three more non-banks, including one insurer, applied for a thrift banking charter last week to qualify for U.S. government financial aid. The applications were filed on time to qualify, but were "misrouted" to other offices in ...

Lincoln, Aegon May Buy S&Ls With `Unsafe' Practices (Update1) - Bloomberg
Nov. 17 (Bloomberg) -- Four of the world's biggest life insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund. Lincoln ...

Nation's homeless czar says helping the homeless also helps taxpayers - Orlando Sentinel
Philip Mangano, the nation's homeless czar, has a message for taxpayers who may balk at footing the bill to help people they see sleeping on the streets: You already are. You just don't realize it. "There have been 65 costs studies in cities large ...

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Today's Mortgage Terms starting with H

  • Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.
  • Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.
  • Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.
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