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FDIC Proposes Mortgage Plan For Unemployed

September 15, 2009 By Problem Bank List Staff 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 […]

Filed Under: Bank Failure, FDIC, FDIC Forbearance Plan, Mortgage Defaults Tagged With: FDIC Forbearance Plan, new mortgage plan for unemployed

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