Topic: Sheila Bair

FDIC chief Bair says investors fighting loan changes could provoke backlash from CongressInvestors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a " backlash" from Congress, the head of the FDIC said Thursday.Sheila Bair, ...
Sheila Bair is the rather outspoken head of the Federal Deposit Insurance Corporation (FDIC), and for several months she has pressured banks and mortgage companies to take a more aggressive stance in regard to voluntary home loan modification programs. Unfortunately the loan ...
Federal Deposit Insurance Corp. chief says new government-industry mortgage plan 'falls short'A new joint government-industry effort to help struggling homeowners is insufficient to bring widespread changes in home loans to stem the tide of foreclosures, the head of the FDIC said Tuesday.Federal ...
Economy's other financial woes make home foreclosure crisis more stubborn, complexEach day from July through September, more than 2,700 Americans lost their homes in foreclosure.That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and ...
Solving foreclosure problem proves to be a stubborn, complex challengeEach day from July through September, more than 2,700 Americans lost their homes in foreclosure.That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and government ...

THE HOUSING ABYSS

That process has already started in parts of Arizona, California, Florida, and Nevada. Also, says Hawks, they know that, since the buyer's credit will become damaged, he or she won't pull the same trick on them, at least for a few years.COMING ...

Mortgage industry hashes out rate-freeze plan

Mortgage industry executives worked on Saturday to hammer out details of a homeowner rescue plan that would freeze interest rates on some U.S. subprime mortgages for up to seven years, but questions remained over how to avoid investor lawsuits and other legal ...
No Major Reform This Year As Lawmakers and Regulators Point to Self-Correcting Mortgage MarketHomeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as ...
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