Tag Archives: deposit insurance corporation

Further Regulation On Mortgage Lending

Should banks have to determine whether or not people can repay their mortgage loans? That’s a requirement in the Dodd-Frank financial regulation bill. That sounds silly to me. Banks that make mortgage loans that are not repaid are soon going … Continue reading

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Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair Leaves Her Job Blasting Banks

Sheila Bare says that banks have disdain for borrowers and don’t think they are worth helping. Why should banks help? The two sides signed a deal. Doesn’t Sheila respect the sanctity of contracts? Not particularly. Here’s a supposedly non-partisan but … Continue reading

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Did Big Banks Cut Corners On Foreclosure Paperwork?

For all the massive mainstream media coverage of this story, I’ve yet to see evidence that a large number of people who made their mortgage payments on time were kicked out of their homes. For all the evidence I’ve seen, … Continue reading

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Rewriting The Mortgage Lending Rules

How much of a stake should mortgage originators have in the loans they extend? Mortgage originators by definition sell the mortgages they extend so they appear not to have the same incentive to make sure these loans are paid back … Continue reading

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Wanna Beat Up On The Banks For Their Foreclosure Practices?

The long investigation over bank foreclosure practices is coming to an end. Guess what? The banks aren’t perfect. Sometimes they are sloppy. Sometimes just inadequate. Sometimes incompetent. Sometimes they do horrible things. So do you want to fine them $20 … Continue reading

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Record Number Of Complaints About Banks

When I am going through hard times, I complain more too! When money is tight, bank fees hurt more. I remember a few times when I was overdrawn on my checking account. Those fees stung! So did the fees for … Continue reading

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Government Intervention To Stem Foreclosures

From Boston.com: A group of Bay State religious leaders and community activists will meet today in Washington, D.C., with officials from President-elect Barack Obama‚Äôs transition team, the Treasury Department and members of Congress to push for more loan modifications to … Continue reading

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FDIC Revamps Proposal

Report: The Federal Deposit Insurance Corporation (FDIC) proposed on Friday to spend $24 billion of the $700 billion bailout package to help 1.5 million households avoid foreclosure. This new plan is a mild deviation from the FDIC’s $40 billion incentive-based … Continue reading

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MYTH: The More You Put Into A Property, The Higher The Return You’ll Get

Here are some tips from the book Foreclosure Myths: You’ve heard that improvements to kitchens and bathrooms tend to pay off. Items like wine cellars, dedicated gyms, tennis courts and swimming pools seldom yield anything close to a good return … Continue reading

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Assuming The Owner’s Home Loan

Here are some tips from the book Foreclosure Myths: Lenders may want you to assume the loan. Lenders don’t want to foreclose. They want to make loans, collect fees and collect payments. They don’t want to incur the time and … Continue reading

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