Anatomy of a Bank Failure
Most people look forward to Fridays. They see it as the start of the weekend, time to catch up on responsibilities around the house, or just an opportunity to sleep in. Bankers have come to hate Fridays in recent years because it is the day that bank staffs are notified that their bank is being […]
FHA’s new principal reduction program
A new program issued by the Federal Housing Administration (FHA) requires lenders to reduce the principal by at least 10% for qualified borrowers. Borrowers can qualify for the FHA principal reduction program if they are current on their payments and their loan was acquired from a failed bank seized by the FDIC. Additionally, the program […]
Reading: “Agency seeks damages from failed bank’s officials”
Reading: “Agency seeks damages from failed bank’s officials”( http://twitthis.com/w4d6j3 )