The Pulse

Rep. Spencer Bachus (AL), the top Financial Services Committee Republican, made the following remarks during a Capital Markets Subcommittee hearing entitled, "The Present Condition and Future Status of Fannie Mae and Freddie Mac:" Thank... Read more
Driven by declines in both satisfaction and brand image, customer commitment to retail banks has decreased in 2009, according to the J.D. Power and Associates 2009 Retail Banking Satisfaction Study. This marks a steady decline in customer... Read more
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending May 29, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 658.7, a decrease of 16.2 percent... Read more
The weakening economy and continued credit crunch led to increases in commercial/multifamily mortgage delinquencies during the first quarter of 2009, according to the Commercial/Multifamily Delinquency Report, released today by the... Read more
United Way of America recently honored Wells Fargo & Company with two Summit Awards, part of its Spirit of America Awards program, recognizing the company’s outstanding commitment to Community Impact and Community Volunteerism. “In... Read more
The FDIC Board of Directors has approved establishing the FDIC Advisory Committee on Community Banking to provide the FDIC with advice and guidance on a broad range of important policy issues impacting small community banks throughout the... Read more
The number of newly built single-family homes on the market shrank to 297,000 units in April, thinning supplies to their lowest level since May 2001, according to government figures released today. The report noted that the pace of new-... Read more
As part of the Obama Administration's effort to create jobs and ease pressures on the housing market, the U.S. Department of the Treasury today announced more than $330 million in American Recovery and Reinvestment Act (Recovery Act)... Read more
Provided exclusively to National Mortgage Profesisonal Magazine by David Beadle, president of BestInfo Inc., home of the BestRates cell, pager and e-mail rate alert service for mortgage industry subscribers. Send your inquiry to BestRates@... Read more
The Board of Directors of the Federal Deposit Insurance Corporation has voted to levy a special assessment on insured institutions as part of the agency's efforts to rebuild the Deposit Insurance Fund (DIF) and help maintain public... Read more

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