Tag Archives: fdic chairman

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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MYTH: Property Has To Be In Good Shape To Get Financing

Here are some tips from the book Foreclosure Myths: A good loan for a lender is a loan made to a borrower who demonstrates both the ability and willingness to repay that loan. Your current financial situation determines your ability … Continue reading

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Lenders Don’t Want To Be In The Real Estate Business

Here are some tips from the book Foreclosure Myths: Lenders are legally required to not be in the real estate business. Lenders just want to lend. They want to make loans and collect fees and payments. You can negotiate with … Continue reading

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FDIC Offers To Insure Mortgages

The federal government wont offer to make up for the loss lenders will take when they restructure loans, but these losses will be less than mass foreclosures. Expect a cash-flow test. From the Financial Times: The US government and federal … Continue reading

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On The Brink Of Default?

Here’s what the FDIC wants to do: The bailout may finally be getting up close and personal. As many as three million struggling homeowners could be in line to get some help from the U.S. government, under a plan put … Continue reading

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Politicians Giving Love/Money To Those Out Of Their Depth With Their Mortgages

Report: WSJ’s Damian Paletta walks us through the measures being considered by the U.S. government to help homeowners facing foreclosure. (Oct. 23) At a Senate Banking Committee hearing, FDIC Chairman Sheila Bair confirmed that “the FDIC is working closely and … Continue reading

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The IndyMac Way To Reduce Foreclosures

Luke Mullins writes: The federal government;s response to the financial crisis has been criticized as focusing too much on helping out banks while neglecting the troubled borrowers facing foreclosure. Speaking Thursday before the Senate Banking Committee, FDIC Chairman Sheila Bair … Continue reading

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FDIC Chief In Middle Of Bank Storm

From Boston.com: Funny, Sheila Bair never made any list of the world’s most powerful women while she was teaching financial regulation at the University of Massachusetts in Amherst. Congress and the rest of Washington are watching the FDIC’s sweeping new … Continue reading

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America’s Largest Bank Failure

From PBS’s Newshour: JPMorgan Chase had acquired the failed Bear Stearns only six months ago and with the inclusion of Washington Mutual will become the largest nationwide retail franchise after Bank of America. Washington Mutual’s account holders, as are all … Continue reading

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Financing Mortgages With Covered Bonds

From Business Week: If covered bonds catch on, they will magnify the losses the Federal Deposit Insurance Corp. suffers in the case of bank failures, thus exposing taxpayers to the risk of more big bailouts. To put it bluntly, covered … Continue reading

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