Fdic: Banks Should Be Lenient with Troubled Borrowers
Colorado Springs Business Journal › September 15, 2009
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Summary
The Federal Deposit Insurance Corp. is encouraging the new owners of failed banks to consider temporary reductions in mortgage payments for troubled borrowers who have lost their jobs.
Such a move could not only prevent foreclosures but also relieve pressure from the Deposit Insurance Fund, which guarantees depositors in the event of bank failures.See the full content of this document
Extract
Fdic: Banks Should Be Lenient with Troubled Borrowers
"With more Americans suffering through une...
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