Here are the latest bank capital rule statements from FDIC, Fed, and OCC.

After four bank failures Friday, eighty banks have failed in 2011. At the current pace 100 will be closed this year, better than the 160 banks the FDIC closed due to insolvency in 2010 or the 139 that failed in 2009. According to Trepp, a CMBS and commercial mortgage data services provider, loans tied to [...]

When somebody begins a sentence with “It would be nice if…” the right thing to do is to wait politely for the speaker to finish. No project ever gets around to the “it-would-be-nice” features: or if they do, they regret it. Wait for sentences that begin, “We have to…”, and pay close attention, and see [...]

Bank closures have slowed in 2011 versus 2010 but haven’t stopped. Forty-seven banks have failed year to date, including two on Friday. I guess that these two banks weren’t “too big to fail.” Departing FDIC chairman Sheila Bair says the era of too-big-to-fail banks isn’t just ending, it’s already over. Really? A few weeks back [...]

Congrats to the Mavericks who won the NBA championship last night. Too bad the NBA isn’t flying as high. And neither is Greece. Nor are most other countries by Roubini’s outlook. Nor home sellers who are financing buyer loans. It’s all in today’s links. -How NBA owners lost $300m this year (Bill Simmons via ReformedBroker) [...]

Before the financial crisis, some say banking was too concentrated and clubby. Now, many say that it is even more so, especially since many banks are failing while Chase, Citi, BofA, and Wells are growing. And big banks aren’t really trying to boost service with lower fees and paying higher rates on checking accounts. So [...]

It’s almost a certainty that the super-conforming loan level in the higher-priced areas will indeed drop to $625,500 from $729,750 on October 1. Here are new loan limit memos from Fannie Mae and FHFA, and here’s an an MSNBC story on jumbo loan implications. Aventur Partners & Aventur Mortgage Capital are turning some heads in [...]

When it comes to powerful women, how does the FDIC’s Sheila Bair—our nation’s top bank regulator—stack up against Lady Gaga or Katie Couric? When it comes to powerful banks, how do they rank for first quarter production? The big four banks originated a combined $186 billion in home loans, down 33% from $281 billion home [...]

According to Bureau of Labor Statistics data, mortgage industry jobs are down 50% in the past five years. The industry hit a peak in early 2006 at 505,000 but is now at 248,000. Granted, many who shouldn’t have been in the business have left and there was excess manpower 5 years ago, but the stat [...]

Banks foreclosing on borrowers too hastily were told by the FDIC yesterday what they may be facing. The gist of the FDIC’s enforcement order is excerpted below. Over time, it looks like all servicers will need to conform to these standards. But in the near term, the risk is that this framework is one more [...]