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Showing posts with label FDIC. Show all posts
Showing posts with label FDIC. Show all posts
Wednesday, August 7, 2013

FDIC reports another bank closing, but it's actually part of the good news

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The FDIC announced last week the takeover of a Fort Myers, Florida bank.  It was the third takeover of a Florida bank this year.  But that...
Sunday, December 23, 2012

FDIC sells bank, new owner puts squeeze on borrowers

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The FDIC closes a bank, offers that bank for sale, finds a buyer and agrees to cover some of the losses that the buyer incurs. That's ho...
Sunday, November 11, 2012

FDIC goes after IndyMac bankers

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title agent title insurance Fairfield, NJ reverse mortgage refinance no-attorney settlement The LA Times ran the story this week about the ...
Sunday, May 1, 2011

FDIC closes 5 banks. Total for year is now 39

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Five more banks closed by FDIC. Regulators have shut down a total of five banks in Florida, Georgia and Michigan, lifting the number of U....
Monday, February 7, 2011

FDIC bank closures - and they're off!

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The FDIC hit the ground running this year by closing three more banks, bringing the total this year to 14. The failed banks, so-called com...
Tuesday, January 4, 2011

Final count of 2010 bank failures at 157

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From Deposits.com This year ended with 157 bank closures which was 17 more than failed last year. The number of bank failures grew consider...
Tuesday, December 28, 2010

When was the last time you got a bargain?

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When did you last enter into a transaction where you a) got a steep discount on the price and b) the seller provided 100% financing? Well, r...
Monday, November 15, 2010

FDIC closes three banks – total to date is 146

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Reuters reports that FDIC regulators closed three banks in the United States on Friday, November 12, 2010. This brings the number of closure...
Wednesday, October 20, 2010

FDIC floats rules on when they’ll close financial firms

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A story by Deborah Solomon in the Wall Street Journal covers an FDIC proposal that will let financial creditors take the hit when a financia...
Monday, October 11, 2010

The FDIC strikes back

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The FDIC has announced it will be filing lawsuits alleging negligence by bank officers at several closed banks, the Washington Post reports....
Friday, October 8, 2010

From Market Watch - Two more banks fail; U.S. tally at 127

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The FDIC recently closed two banks.  The total for the year has reached 127.  It's never clear from FDIC reports why a particular bank i...
Monday, September 27, 2010

Thinking of a savings account? FDIC and NCUA insurance important

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There's one thing that we should remember when it comes to opening a savings account or any type of bank account - deposit insurance. He...
Tuesday, August 24, 2010

Is the FDIC letting the foxes get a second chance at the hen house?

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From the Associated Press: “The Federal Deposit Insurance Corp. took over ShoreBank, with $2.16 billion in assets and $1.54 billion in depo...
Tuesday, August 3, 2010

FDIC takes down 5 more banks - Forbes.com

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Forbes.com is reporting that the nation has seen 108 banks closed this year by the FDIC.  Five more were closed at the end of July.   As ...
Tuesday, September 1, 2009

FDIC's Bair weighs in on financial regulation

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Sheila C. Bair, chairman of the FDIC, has an Op-ed in the New York Times supporting President Obama's call for a new regulatory network ...
Wednesday, May 27, 2009

Defaults after mortgage modification worse than expected?

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The Wall Street Journal addresses mortgage modifications and earlier predictions about high redefault rates. In fact, according to WSJ , ...
Monday, March 2, 2009

Call Them Irresponsible - Rewarding those who put the 'liar' in liar loans

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The Wall Street Journal's editors weigh in on the president's mortgage foreclosure prevention program: Call Them Irresponsible - Rew...
Saturday, February 7, 2009

Mortgage Modifications a Bust?

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We have previously written about the failure of mortgage modification programs in the current economic crisis. See our post of December 10, ...
Wednesday, December 10, 2008

Foreclosure Follies: A rebuttal to the FDIC modification plan.

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The Wall Street Journal continues its theme on the inherent weakness of the FDIC's proposed mortgage bailout plan. We commented on the F...
Tuesday, December 9, 2008

NJ Governor Urges Mortgage Foreclosure "Timeout"

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Timeouts are not confined to sports. According to Bloomberg News Service and other outlets, "New Jersey Gov. Jon S. Corzine urged a “t...