In the aftermath of Hurricane Sandy (or any natural disaster), families can be forced from their homes and finding a place to live as quickly as possible is crucial. There are many resources available from federal agencies to private organizations. In order to make the process as easy as possible, FEMA has put together the [...]

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of October 1, 2012 through October 31, 2012.

In the wake of the financial crisis, banks mishandled foreclosures on such a scale that regulators stepped in. Led by the Office of the Comptroller of the Currency, they ordered banks to hire independent outsiders to identify homeowners who were wrongly foreclosed on and to provide compensation.

If you have mortgages secured by properties that may have been impacted by disasters including Hurricane Sandy, it is important that you read Guide Bulletin 2012-24.

By Rick Rothacker (Reuters) – Citigroup Inc, Deutsche Bank, HSBC and JPMorgan Chase & Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday. The four global banks will be required to hold an [...]

Miami Region September Home Sales November 1, 2012 Miami-area home sales rose to the highest level for a September in six years as a big gain in the number of deals over $300,000 compensated for a decline in activity in the lower price ranges. The median sale price rose above a year earlier for the ninth consecutive month, a real estate information service reported. In September, 8,969 new and resale houses and condos closed escrow in the metro area encompassing Miami-Dade, Palm Beach and Broward counties. That was down 10.9 percent from the prior month and up 4.9 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. Typically Miami-area sales dip between August and September, with that decline averaging 10.3 percent since 1997, when DataQuick's complete Miami-area statistics begin. Sales have risen year-over-year for five consecutive months. Between January and September this year, the region's home sales totaled 83,872, up 2.7 percent from the same period last year. Sales of newly built homes during the first nine months of this year fell 7.0 percent from the same period last year, while they inched up 0.2 percent for resale condos and increased 6.8 percent for resale houses. Total sales for the month of September fell 14.7 percent short of the average number of sales for that month since 1997. The number of existing (not new) houses and condos that closed escrow in September was 1.9 percent below the historical average for the month, though condo resales were 21.2 percent above average. New-home sales fell nearly 74 percent short of the September average. When viewed by price segment, the Miami area's September sales dropped 14 percent year-over-year for homes priced below $100,000, and dipped 2.5 percent for homes below $200,000. Sales between $200,000 and $600,000 posted a nearly 19 percent annual gain in September, while the number of homes that sold above $800...

Ally Reports $384 Million Profit for Third Quarter Bloomberg Ally Financial Inc. (ALLY), the auto lender that got a $17.2 billion government bailout, reported a $384 million profit for the third quarter after posting a loss a year earlier. Earnings compared with a loss of $898 million in the second quarter and a loss of $210 ...

U.S. stock index futures pointed to a flat-to-lower open on Wall Street on Friday, with investors' attention focused on the Labor Department's monthly jobs report, due at 8:30 a.m. New York time.