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Citigroup has joined Morgan Stanley Chase, the Federal Deposit Insurance Corporation (FDIC,) and a few other large banks in initiating an aggressive program to mitigate foreclosures of single family homes. The bank said on Monday that it is putting a moratorium on both initiating new foreclosures and...
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Federal Deposit Insurance Corp. Chairman Sheila Bair announced that the agency has created a program to offer economic incentives to the mortgage industry to amend loans and aid borrowers avoid foreclosures. Speaking at the Annual Conference of the International Association of Deposit Insurers in Arlington...
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While the media today focused mostly on the testimony of former Federal Reserve Chairman Alan Greenspan before the Senate Banking Committee, there was other news coming out of the hearing. Federal Deposit Insurance Corporation Chairperson Sheila Bair told lawmakers about her plans to use methods pioneered...
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Four U.S. Senators have asked the conservators of Freddie Mac and Fannie Mae to freeze foreclosures on mortgages held by the companies for 90 days and to take immediate steps to assist homeowners by modifying delinquent loans. Senators Sherrod Brown (D-OH), Bob Casey (D-PA), Robert Menendez (D-NJ), and...
Posted to
MND NewsWire
by
Jann Swanson
on
Fri, Sep 12 2008
Filed under:
Filed under: Freddie Mac, Fannie Mae, FDIC, foreclosures, gse, gse, fannie mae, freddie mac, foreclosures, fdic