FDIC sells $491 million in home loans

FDIC Sells $491 Million in Home Loans
FDIC sells $491M in distressed mortgages; Roundpoint Mortgage pays $34M for 50 percent stake Federal Deposit Insurance Corporation – Business – United States – Financial Services – Mortgage

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Home insurance soars for some N.B. consumers
Some house insurance premiums in the province are rising as much as 100 per cent as homeowners are struggling to afford skyrocketing property taxes, says Consumer Advocate for Insurance Ronald Godin.

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FDIC sells $491 million in home loans
The Federal Deposit Insurance Corp. has sold $490.7 million in troubled mortgage loans from 19 banks that failed between August 2008 and March 2009 as it works through an inventory of assets from the institutions it has taken over. The FDIC said Thursday that… Federal Deposit Insurance Corporation – Business – Mortgage – Mortgage loan – United States

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