California regulators closed Irvine-based Nano Banc on Friday after years of supervisory problems and mounting financial losses, handing the institution to the Federal Deposit Insurance Corporation in a failure the FDIC estimates will cost its Deposit Insurance Fund...
The Justice Department has sued New York real estate developer Stagg Group, alleging that six apartment buildings containing a combined 607 units were designed and constructed with features that fail to meet the Fair Housing Act’s accessibility requirements for people...
BCB Bancorp is selling approximately $205.3 million in problem loans to six buyers and expects to take a $43.3 million pre-tax loss in the third quarter, a balance-sheet cleanup concentrated heavily in commercial and multifamily real estate. The Bayonne, New...
The Illinois Supreme Court has ruled that a mortgage lien can remain attached to property even after the deadline for filing a foreclosure action has expired, resolving a dispute over two separate time limits in state law that carry different consequences for lenders...
Investor Howard Amster has disclosed beneficial ownership of 9% of Redwood Trust, adding a large new shareholder position to a mortgage-finance company already facing a separate investor’s demand that its board explore a sale. Amster reported beneficial...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
