Posts Tagged ‘Federal Deposit Insurance Corp.’

Regulators dump down payment requirement from new Qualified Mortgage rules

Federal regulators have finally given bankers something to cheer about. After sending bankers a train load of new regulations in the rule writing that followed the 2010 passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, government officials in late October lifted a down payment requirement that had been proposed as a key […] [...]

Renasant reports better profits after First M&F acquisition

TUPELO — Regional bank Renasant Corp. says profit in 2013’s fourth quarter rose 80 percent in the second period following its takeover of First M&F Corp. Renasant posted quarterly profit yesterday of $13.6 million, or 43 cents per share. That’s up from $7.6 million, or 30 cents per share, in 2013’s first quarter. Because that […] [...]

Mississippi still atop the list of state’s with most unbanked households

Mississippi has retained its distinction as the state with the highest percentage of households without checking accounts or other banking services, a survey released earlier this month by the Federal Deposit Insurance Corp. shows. The survey conducted in 2011 found that 15.1 percent of Mississippi households are “unbanked.” Though the 15.1 percent is higher than […] [...]

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