Relevant:
- The Care Bair -- FDIC's Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements
- FDIC's Bair: Housing crisis is a national problem
- FDIC Chair Calls for Commission to Settle Foreclosure Errors
- FDIC Chief Bair Pushes for Writedowns on Seconds
- Big banks still aren't lending enough
2009-09-14 — thetruthaboutmortgage.com
" “With more Americans suffering through unemployment or cuts in their paychecks, we believe it is crucial to offer a helping hand to avoid unnecessary and costly foreclosures. This is simply good business since foreclosure rarely benefits lenders and would cost the FDIC more money, not less,†said FDIC Chairman Sheila C. Bair."
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