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Loan Modification

: Mortgage Lender Implode-o-Meter

?Temporary? Deposit Insurance Will Be Extended to 2013

By Implode-Explode Heavy Industries

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``by Rolfe Winkler, CFA Congress approved FDIC?s higher borrowing limits yesterday. The new law permanently increases FDIC?s line of credit at Treasury from $30 billion to $100 billion. And through 2010, FDIC will be able to borrow up to $400 billion more if the Fed and Treasury sign-off. The legislation also extends, from 2009 to 2103, so-called ?temporary? deposit insurance (unlimited for transaction accounts and up to $250,000 for individual accounts). ''

Full post as published by Mortgage Lender Implode-o-Meter on May 20, 2009 (boomark / email).

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