Mar 3rd 2011 11:59AM
Federal banking regulators are pushing for 20 percent down payments, according the Wall Street Journal. You see, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 -- the name which draws guffaws of cynical amazement among those who know what Chris "Friend of Angelo" Dodd, pictured left, and Barney "My... Continue Reading »
Jan 20th 2011 4:35PM
Sheila Bair wants to help rescue the nation's homeowners from the foreclosure disaster. On Wednesday, the chairman of the Federal Deposit Insurance Corp. (FDIC) recommended the formation of a foreclosure claims commission not unlike the one created to aid victims of the oil spill in the Gulf of Mexico in 2010. Bair was... Continue Reading »
Nov 8th 2010 5:32PM
It seems almost impossible -- or horrific (or wonderful?). Homes at a two-day auction this past weekend in Detroit, arranged by the Federal Deposit Insurance Corp. (FDIC) went for as little as $50 -- for a four-bedroom home in perennially depressed inner Detroit -- and as high as $1.7 million -- for a relative bargain in a... Continue Reading »
Oct 27th 2010 9:49AM
A voice of educated reason has weighed in on the foreclosure mess. Sheila Bair, the chair of the Federal Deposit Insurance Corp., which insures consumer bank deposits, expressed concern during a housing finance conference in Washington, D.C., that a glut of foreclosure litigation would "ultimately be very damaging to our... Continue Reading »
Jul 22nd 2010 4:57PM
On its face, it's a shocking headline -- but it's not quite what it seems. The Federal Deposit Insurance Corporation announced today that it would begin selling bonds backed by residential mortgages. If these sound a little too much like the kinds of financial instruments that cratered the economy in 2008, rest assured... Continue Reading »
