Sheila Bair has finally let the trial balloon out of the bag. Just watch what Wall Street does to position Bair as some kind of kook. In truth, she ought to be running the financial part of this recovery although the FDIC is supposed to insure deposits, not necessarily write offs of bad loans. Bottomline, […]

Tags: Amnesty for Everyone, borrwers, FDIC, lenders, losses, modification, principal reduction, recovery, seized banks, settlement, Sheila Bair
Posted in bubble, Corruption, Eviction, securities fraud |

Press Releases SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida FOR IMMEDIATE RELEASE August 1, 2008 Media Contacts: Andrew Gray (Cell: 202-494-1049) David Barr (Cell: 703-622-4790; Office: 202-898-6992) First Priority Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance […]

Tags: FDIC, First Priority, SunTrust
Posted in Eviction |

Some interesting thoughts about the effect of bank failure. If the bank was the “lender” on your mortgage (or Deed of Trust) and note, what happens to the mortgage and note? Mutual of Omaha here is taking over the deposits of these failed banks. See below. Is FDIC going to foreclose on “non-performing” loans? If […]

Tags: bank failures, FDIC, foreclosure defense, Lender Liability
Posted in Eviction |

the only way this is going to get “resolved” is that homeowners who fight, will probably get clear title to their homes, the mortgage will be removed as an encumbrance, the debt is extinguished, and the owners of asset backed securities get paid, if they fight, by the parties in the chain of securitization, their […]

Tags: Chairman, FDIC, foreclosure defense, mortgage meltdown
Posted in Eviction |

Financial Services Bad News Banks Liz Moyer, 05.29.08, 3:00 PM ET    The number of troubled U.S. banks is rising. The outlook: more pain as the credit crisis enters its second wave. The Federal Deposit Insurance Corp. (FDIC) is now tracking 90 “problem” banks, 18% more than in the fourth quarter and the most in almost […]

Tags: bank failures, brokered deposits, FDIC
Posted in Eviction |

Taking the entire Mortgage Meltdown process as a single transaction starting with the origination of the loan to the borrower and ending with the sale of an asset backed security to an investor, a pattern of deception and confusion emerges — providing the borrower with an arsenal of offensive and defensive strategies to avoid foreclosure, […]

Tags: appraisals, FDIC, Fitch ratings, foeclosure defense, Lender Liability, Moody's Investor Service, mortgage meltdown, rating agencies, single transaction, Standard & Poor's
Posted in Uncategorized |

While you might be thinking it couldn’t happen to better people, bank failures are not good for you or anyone else in the economy, as a general rule. But, on the other hand, it is quite possible that in the crush of failures expected in 2008-2011, that loan you have on your house, car, boat […]

Tags: bank failures, Cassidy Ratio, CFC, CNB, CORS, EWBC, FDIC, foreclosure defense, IMB, NCC, RBC, STSA, Texas Ratio, UCBH
Posted in bubble, Eviction |

Just remember — the higher the rate they are willing to pay the higher the risk you are taking. There are exceptions, because of the issues of perceived risk versus actual risk. The same caveat holds true for low rates — just because it is a very low rate doesn’t mean that it is safe. […]

Tags: bank failure, CD rates, FDIC, Savings rates
Posted in Uncategorized |