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Treasury, FDIC Near Deal on Mortgage Aid

Oct. 30, 2008
Negotiators for the Treasury and Federal Deposit Insurance Corp. are nearing agreement on a plan to have the government guarantee the mortgages of millions of distressed homeowners in what would be a significant departure for the federal rescue program, which has so far directed relief...
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Private investors agree to buy IndyMac

PASADENA, Calif., Jan. 3 (UPI) -- IndyMac Bank, the California thrift that was taken over by federal regulators in July, found a buyer Friday, a group of private investors.

FDIC: Overdrafts hit vulnerable consumers

WASHINGTON, Dec. 3 (UPI) -- A Federal Deposit Insurance Corp. survey found that young and poor depositors were hit with the majority of overdraft fees by U.S. banks.
Homeowner relief critical, Bair says

Homeowner relief critical, Bair says

WASHINGTON, Nov. 18 (UPI) -- The chairman of the Federal Deposit Insurance Corp., Sheila Bair, told members of Congress U.S mortgage foreclosures continue to undermine economic recovery.
Bernanke urges caution on foreclosures

Bernanke urges caution on foreclosures

WASHINGTON, Nov. 18 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke Tuesday praised the Federal Deposit Insurance Corp.'s approach to heading off home foreclosures.

FDIC has plan of its own for homeowners

WASHINGTON, Nov. 14 (UPI) -- The Federal Deposit Insurance Corp. has come up with a $24.4 billion plan of its own for helping as many as 1.5 million distressed U.S. homeowners.
Mortgage plan falls short, Bair says

Mortgage plan falls short, Bair says

WASHINGTON, Nov. 12 (UPI) -- Federal Deposit Insurance Corp. chairman Sheila Bair said the U.S. Treasury's mortgage modification program unveiled Tuesday does not go far enough.

Treasury plans partial mortgage guarantees

WASHINGTON, Oct. 29 (UPI) -- U.S. Treasury and Federal Deposit Insurance Corp. officials are working on a plan to help struggling homeowners avoid foreclosure proceedings, sources said.

U.S. discussing plans to lift FDIC cap

WASHINGTON, Oct. 10 (UPI) -- U.S. finance leaders are in the early stages of discussions about a government plan to back all U.S. bank deposits, sources said.

FDIC insurance added to bailout debate

WASHINGTON, Oct. 1 (UPI) -- The second proposed bailout plan for U.S. financial firms may include a provision for more than doubling bank deposit insurance.

Obama proposes raising FDIC limit

WASHINGTON, Sept. 30 (UPI) -- Sen. Barack Obama, D-Ill., called for increasing federal deposit insurance from $100,000 to $250,000 to help restore confidence in the U.S. financial system.

FDIC-insured banks safe, FDIC says

WASHINGTON, Sept. 18 (UPI) -- U.S. consumers' money in an insured bank is safe as long as its within the Federal Deposit Insurance Corp. coverage limits, the FDIC head said Thursday.

Georgia bank becomes 10th to fail

ALPHARETTA, Ga., Aug. 30 (UPI) -- State regulators say they've shut down the Integrity Bank of Alpharetta, Ga., marking the United States' 10th bank failure of 2008.

FDIC re-writes loan terms at IndyMac

WASHINGTON, Aug. 21 (UPI) -- U.S. regulators plan to rewrite terms on about 25,000 troubled Indymac Bancorp, mortgages that could set a trend for other lenders, an official said.

Regulators close two U.S. banks

RENO, Nev., July 26 (UPI) -- Federal regulators have closed two banks in the U.S. West, saying they were undercapitalized due to the poor performance of home mortgage loans.

FDIC remains secure and cash fluid

NEW YORK, July 21 (UPI) -- Experts say even with recent banking problems, investors should have no fears about Federal Deposit Insurance Corp. stability.
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Youngsters compete in Scripps National Spelling Bee
View Caption
Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler