FDIC’s Bair Sets to Shatter CRA Myth
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– Nowhere.’ The facts are simple, Bair said. The lending practices that are causing problems today were driven by a desire for more market share and revenue growth, not because the government encouraged certain lending practices." (FDIC’s Bair Sets to Shatter CRA "Myth", by Kelly Curran, HousingWire.com, December 5, 2008.)
Although they were set up originally by the federal government, the GSEs have been private companies for roughly the last forty years. They are traded on the stock market and were on a hunt for profits like much of Wall Street, in part because their executives’ bonuses were linked to earnings per share.
Sheila Bair, head of the FDIC, called for a "foreclosure claims commission" to handle complaints from homeowners who say they have lost their homes through errors made by their mortgage companies.
FDIC’s Bair Sets to Shatter CRA Myth Hey, Mr. President, what about removing lumber tariffs to make homes affordable? LenderLive names Pete Pannes chief revenue officer
The Federal deposit insurance corp. took over two additional banks last Friday, bringing the total number of bank failures this year to 25; both were very small banks, heavily leveraged into.
FDIC’s Bair Sets to Shatter cra myth stocks fall after second taper announcement The yen was steady at 104.24 yen to the dollar in early Asian trade, hovering near a six-year trough for a second day after having. empt any sharp market reaction that could undercut the recovery,
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S&P/Case-Shiller: Home prices continue to strengthen fhfa delays principal reduction ruling FDIC’s Bair Sets to Shatter CRA Myth FDIC’s Bair: U.S. Needs to Rein in Deficit – Washington Wire. – Ms. Bair called last week’s proposal from the co-chairmen of President Barack Obama’s deficit commission a "credible first step" toward addressing the problem, but said it’s still.The key is.
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The facts are simple, Bair said. The lending practices that are causing problems today were driven by a desire for more market share and revenue growth, not because the government encouraged certain lending practices. > Read the full item at Housing Wire. > Source: FDIC’s Bair Sets to Shatter CRA "Myth" By KELLY CURRAN.