Search results for fdic

Avatar Posted by Mortgages 420 days ago (http://digg.com)
Category: Mortgages
Today, September 27, 2007, CNBC Commentator Bill Seidman, former FDIC Chairman, made a profound and prescient statement. Bill Seidman said, and I paraphrase: The Banks, Lenders, and Mortgage Brokers that granted and approved  "Sub-Prime" questionable loans on Mortgages (making a ton of money) should not be bailed out by the read more »
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Avatar Posted by Mortgages 420 days ago (http://digg.com)
Category: Mortgage Lenders | Tags: netbank fdic mortgage defaults mortgage lenders
Netbank just got shutdown by the FDIC and the accounts are getting transferred. Cause: Too many mortgage defaults read more »
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Avatar Posted by Mortgages 420 days ago (http://digg.com)
Category: Mortgages
Is something worse than the first great depression brewing?NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an excessive level of mortgage defaults. read more »
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Avatar Posted by Mortgages 419 days ago (http://digg.com)
Category: Mortgages
NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an excessive level of mortgage defaults. read more »
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Avatar Posted by Mortgages 416 days ago (http://digg.com)
Category: Mortgages
NetBank has closed down. Fortunately FDIC insurance will guarantee depositors the first $100,000. Lesson learnt: stay away from banks whose mortgage division is in doldrums. In this post there is a link to another informative article on which banks to stay away from. read more »
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Avatar Posted by Mortgages 410 days ago (http://digg.com)
Category: Mortgages
The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest rates on subprime adjustable-rate mortgages (ARMs) for many homeowners. read more »
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Avatar Posted by admin 410 days ago (http://www.bankrate.com)
Category: Mortgages
Lenders should freeze the introductory rates on hybrid ARMs to reduce foreclosures, the chairwoman of the FDIC says. read more »
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Avatar Posted by Mortgages 410 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Some institutions are starting to be more proactive in modifying loans, FDIC's chairman said at an investor conference last week, according to a transcript of her presentation. She called for servicers to make teaser start rates permanent for owner-occupied borrowers with current mortgages, adding that these hybrid loans were designed as short term programs that relied on appreciation. "Keep it at the starter rate," she said. "Convert it into a fixed rate. Make it permanent. And read more »
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