Posted on September 15, 2009 ·
FDIC Forbearance Program Proposed
In an attempt to prevent further foreclosures and mitigate the amount of losses on failed bank assets, the FDIC proposes that acquirers of failed banks initiate a forbearance plan for unemployed homeowners.
As part of its loss-share agreement with acquirers of failed FDIC-insured institutions, the FDIC is encouraging its loss-share partner institutions [...]