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Federal Home Loan Bank of Ny

Bank Of America Minority Home Loan Settlement - $335 Million

Bank Of America has agreed on a $335 million dollar settlement after claims that it's Countrywide Financial unit gave higher interest rate ...

Block One Capital Inc. Agrees to Acquire up to 40% of New York ...

Pursuant to the Term Sheet, the Company is to invest US$600,000 to acquire up to 40% of Finzat. The Company shall make an additional milestone payment of US$80,000 upon Finzat meeting certain conditions set forth in the Term Sheet.  The Company and Finzat intend to enter into a definitive agreement to set out the terms and conditions of the acquisition. In the event that no agreement is entered into, the binding Term Sheet will act as the definitive agreement.

Finzat’s blockchain system aims to solve a myriad of problems in the approximately ten trillion dollar United States residential mortgage market, namely: transaction tracking, compliance, auditing and security.  Currently, the proof of compliance is generally thought not to be adequately measured or properly saved. Existing systems are not designed to retain data, documents, rules or decisions, nor maintain current or historical loan performance metrics.  Traditional audit protocols attempt to ensure quality control standards by sampling a subset of a much larger universe of individual loan portfolios. Weaknesses inherent in this approach can expose lenders and loan servicers to expensive and time-consuming remedies, including fines and loan repurchase obligations. The Finzat system aims to permanently preserve loan information at the point of every decision and eliminates the need to recreate proof at the backend. The need for such a system is validated by more rigorous and standardized compliance regulations that are being phased in, as mortgage markets continue to move towards a mainstream paperless mortgage process.

Flushing Bank Joins the FHLBNY First Home Club Program

John R. Buran, President and Chief Executive Officer, stated, “As a community bank, we recognize the important part homeownership plays in the economic health of our communities. By offering the First Home Club, we can help individuals and families with their down payment and closing costs to realize their dream of homeownership.”

About Flushing Financial Corporation

Flushing Financial Corporation (Nasdaq: FFIC ) is the holding company for Flushing Bank®, a New York State-chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. As a leader in real estate lending, the Bank’s experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. The Bank also operates an online banking division, iGObanking.com ®, which offers competitively priced deposit products to consumers nationwide. Additional information on Flushing Bank and Flushing Financial Corporation may be obtained by visiting the Company’s website at http://www.flushingbank.com .  Source: https://globenewswire.com/news-release/2017/11/17/1195038/0/en/Flushing-Bank-Joins-the-FHLBNY-First-Home-Club-Program.html

Why did Bush ask/order fannie mae to make 440 BILLION in home loans to minorities in 2002?

I keep seeing the same lies being posted by republicans.
The govt can not force a bank to make a risky loan.
Republicans controlled congress 12 years from Jan 1995 to Jan 2007. They write or change the laws that banks have to follow.


Are you crazy.......He did not. That was all the Democrats doing. Check out what Maxine Waters said when Bush wanted oversight of FM&FM. Don't be so stupid. Research it.