FDIC

20% down required by the government? Yesterday, FDIC chairman Sheila Bair said the industry would be best off if lenders required 20% down in order...

FDIC sues execs for $900M The Federal Deposit Insurance Corporation (FDIC) has named the former Washington Mutual CEO, Kerry Killinger, President of Home Lending, David...

According to the U.S. Department of Commerce, sales of existing new homes were in the tank in January, down 12.6 percent. The dip coming...

In 2007, the FDIC seized only 3 banks, in 2008 they shut down 25, and in 2009, 130 banks failed! We're only finishing out...

Four banks collapsed so far this year Since we reported six banks seized in one day last month, the FDIC ended the year with ten...

Rough year for banks We all know it's been a tough year for the economy and the falling dominoes of banks is just one of...