Regulatory Actions Update

MortgageDaily.com released its Fourth-Quarter 2009 Regulatory Actions report that points to a potential increase of bank failures.  The latest findings, 1,311 regulatory orders, show a more than 100 percent increase actions against banks, credit unions and thrifts.   This includes a significant growth in cease-and-desist orders.  MortgageDaily.com noted that banks that fail often face cease-and-desist orders prior to their closure.

Go here to read the full report.  (Subscription required)