Posts Tagged ‘FDIC’

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

Read more on San Francisco Chronicle

(AFX UK Focus) 2010-04-01 20:35 RoundPoint buys residential loan stake from FDIC

Big health insurance rate hikes common
GRINNELL — Suzanne Castello, a former economics teacher at Iowa Central Community College in Fort Dodge, left her job and employer-paid insurance coverage to marry, work the farm and start a family with Barney Bahrenfuse.

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Covered by flood insurance? Think again
Flooding across the state has many wondering if the damage will be covered by their homeowners insurance. But more than likely, it will not.

Read more on WTNH-TV New Haven

(AFX UK Focus) 2010-04-01 20:35 RoundPoint buys residential loan stake from FDIC
NEW YORK, April 1 (Reuters) – A unit of RoundPoint Financial Group purchased a 50 percent stake in $490 million of residential mortgage loans from the Federal Deposit Insurance Corp, the company said. The transaction, which closed on Thursday, is one in a series of residential loan pool sales offered by the FDIC, the Charlotte, North Carolina-based company said. RoundPoint and the FDIC will each …

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