FDIC-insured banks ans savings institutions see a profit of $35.3 billion in the first quarter, the Senate passes a short-term extension on the NFIP, why the Las Vegas market remains a mystery, and more in today's industry news round-up!
FDIC Reports Profit of $35.3B, Problem Institutions Decline l DSNews.com
FDIC-insured banks and savings institutions reported a total profit of $35.3 billion in the first quarter of 2012, a $6.6 billion increase from the $28.8 billion net income reported in the 2011 first quarter. The increase marks the 11th consecutive quarter of year-over-year gains.
Be prepared for any home emergency l CNN Money
Sometimes disaster strikes, despite your best efforts to prevent it. And that means you should always be ready for the unexpected.
Senate Passes Short Term Flood Extension l Origination News
The Senate late this week passed a 60-day extension of the flood insurance program, preventing a shutdown of coverage by the beginning of June.
Western Region Report: Las Vegas market remains mystery l The Title Report
The Title Report has teamed with DataQuick to provide a monthly Western Region Report, which will look at the housing trends among six Western regions in DataQuick’s database, and report which title companies gained the most market share in that timeframe. This month features the up and down market of Las Vegas.
Future of U.S. housing markets depends largely on echo boomers l The Title Report
The next two decades in housing markets depends largely on the echo boomers. That's according to panelists at the "Shifting Demographics and Housing Choice: A Whole New World?" session during the Realtors 2012 Midyear Legislative Meetings & Trade Expo.