All Posts Tagged With: "FDIC"
Will Your Home Equity Line of Credit Be There When You Need It?
If you have a home equity line of credit — what the industry calls a “HELOC” — you probably think of it as a financial safety net, quick cash you can access in times of emergency or when you face a big expense that can’t otherwise be paid all at once. Unfortunately, HELOCs have been [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Did One Mortgage Regulator Get It Right?
For months, Sheila Bair, head of the Federal Deposit Insurance Corporation, has been saying that there’s an instant solution to the mortgage meltdown that can prevent massive numbers of foreclosures. Not a perfect solution, but a solution. Her idea? Freeze toxic loans at their original interest rates. Writing in the New York Times, Bair says [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
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