Posts tagged as:

shiela bair on loan modifications

FDIC to Sign Major Lease in Orange County

by Moe Bedard

The Federal Deposit Corporation (FDIC) has a job to do and this job may be the biggest clean up effort by any government or non-government agency ever in the history of our country and quite possibly the world.

Their job is to clean up the toxic mortgages and assets left by failed banking institutions ceased by the the [...]

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Frank and Waters Call For FDIC’s Bair to Lead Country’s Loan Workout Efforts

by Moe Bedard

Barney Frank and Maxine Waters are calling on the FDIC’s Sheila Bair to take the loan workout reins and lead the charge to put the brakes on our nation’s foreclosure epidemic. In a letter to President Bush today, they wrote that they were “very impressed” with Bair’s recent work at the failed Indymac with her loan modification program [...]

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Is Your Bank About to Implode? The FDIC is Hinting, YES!

by Moe Bedard

The lender carnage, death and destruction litter the home page of Aaron Krowne’s Mortgage Lender Implode-O-Meter like the beach at Normandy on D-Day. The infamous list has grown from September 2006 when Aaron started the website with approximately 10 failed lenders to a whopping 276 major U.S. failed lending operations today.
That comes out to about one failed [...]

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