Banks closings for the week ending May 28 - we're up to 78 so far this year!

May 31, 2010

Each week in my blog I will chronicle the FDIC bank closings. This week we had 6 closings. They include: Bank of Florida - Southwest in Naples, FL Bank of Florida - Southeast in Fort Lauderdale, FL Sun West Bank in Las Vegas, NV Granite Community Bank, NA in Granite Bay, CA Bank of Florida - Tampa in Tampa, FL Pinehurst Bank in Saint Paul, MN This brings the total banks failed this year to 78.

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Bank Closing Chronicle

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May 31, 2010

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...