FDIC Loss Sharing Examined Loss sharing is a common feature of purchase and assumptions agreements used by the FDIC to move failed bank assets into the private sector. Under a loss share agreement, the FDIC agrees to absorb a certain portion of losses on a failed bank’s assets that are purchased by an acquiring bank. […]
FDIC Warning On Foreclosure Rescue and Loan Mod Scams
September 18, 2009 By Leave a Comment
Foreclosure Rescue & Loan Mod Scams Prey On Desperate Homeowners The FDIC has issued a warning to homeowners who have fallen behind on their mortgage payments and may be facing foreclosure to avoid foreclosure rescue and loan mod scams. Unscrupulous individuals and companies are promising desperate homeowner that they can stop foreclosures or get mortgage […]
FDIC Sheila Bair – “Too Big To Fail Creates Enormous Risk”
September 18, 2009 By Leave a Comment
Too Big To Fail Doctrine Needs To Be Abandoned FDIC Chairman Sheila Bair, in a speech at Georgetown University, outlined her plan for a better regulated financial system based on market discipline and ending the “too big to fail” concept. Chairman Bair’s viewpoint is that the doctrine of “too big to fail” rewards mismanagement and […]
2 Failed Banks For September 18, 2009 – Irwin Financial’s “Adequately Capitalized” Banks Closed
September 18, 2009 By Leave a Comment
Banking Failures – 94 And Counting 2009 has now seen a total of 69 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 94. The latest two failed banks on September 18, 2009 had total assets of $3.2 billion and total […]
FDIC Proposes Mortgage Plan For Unemployed
September 15, 2009 By Leave a Comment
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 […]
Will “Too Big To Fail” Banks Crash The Financial System?
September 13, 2009 By 3 Comments
Why The Biggest Banks Are Too Big To Fail The “too big to fail bank” issue has been debated ever since the financial meltdown of 2008 brought many of the mega banks to the brink of financial collapse. The government’s recent moves to strengthen its financial regulatory powers over financial institutions has brought to center […]
3 Failed Banks For September 11, 2009 – Corus Bank Finally Closed
September 12, 2009 By Leave a Comment
Banking Failures – 92 And Counting 2009 has now seen a total of 67 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 92. The latest three failed banks on September 11, 2009 had total assets of over $8 billion and […]
FDIC To End Bank Loan Guarantee Program
September 9, 2009 By Leave a Comment
Debt Guarantees To End The FDIC announced its intentions today to let the Temporary Liquidity Guarantee Program(TLGP) expire on its originally planned termination date of October 31, 2009. The TLGP was implemented in October 2008 to address disruptions in the credit markets that resulted in the inability of financial institutions to obtain new funding or […]
5 Failed Banks For September 4, 2009
September 4, 2009 By Leave a Comment
Banking Failures – 89 And Counting 2009 has now seen a total of 64 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 89. The latest five failed banks on September 4, 2009 had total assets of $1.14 billion and total […]
3 Failed Banks For August 28, 2009
August 28, 2009 By Leave a Comment
Banking Failures – 84 And Counting 2009 has now seen a total of 59 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 84. The latest three failed banks on August 28, 2009 had total assets of $1.9 billion and total […]