Tag Archives: Banking Reports

For the moment, the Inland Empire might be the king of small business in California. Financing of commercial real estate purchases using the U.S. Small Business Administration’s 504 Loan Program rose 20 percent in the two-county region, according to CDC Small Business Finance in San Diego. The Inland region was …

D. Linn Wiley, chairman of the board of CVB Financial Corp. and its principal subsidiary, Ontario-based Citizens Business Bank, will resign. Wiley will step down as board chairman and as a board member effective Dec. 31, according to a statement released Monday. Raymond V. O’Brien III, owner and chief executive …

Bank of America Corp. and the Justice Department are close to an agreement in which the bank will pay between $16 million and $17 million to resolve alleged mortgage misconduct by the bank. The bank has also agreed to pay $9 billion in cash to the federal government, various government …

California Attorney General Kamala Harris announced Tuesday that a $550 million settlement has been reached between the state and federal government and SunTrust Mortgage. The three-year settlement, which affects 47 other states, will provide payments to some California residents related to foreclosure and servicing abuses and mortgage origination, according to …

The Inland Empire’s mortgage crisis continues to ease. The rate of foreclosures on outstanding loans in the two-county region fell nearly one percentage point in January compared with January 2013, according to report originally published in The Press-Enterprise. That was below the national foreclosure rate of 1.97 percent during the …

California announced this week that it has reached a settlement with Ocwen Financial and Ocwen Loan Servicing in connecting with Ocwen’s violation of loan servicing laws. The settlement requires $2 billion worth of loan modifications for homeowners whose mortgages are being handled by Ocwen if those mortgages are in default …