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Loan Modification

: Mortgage Lender Implode-o-Meter

FDIC Insurance Coverage

By Implode-Explode Heavy Industries

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"On May 20, 2009, President Barack Obama signed the Helping Families Save Their Homes Act, which extends the temporary increase in the standard maximum deposit insurance amount (SMDIA) to $250,000 per depositor through December 31, 2013. This extension of the temporary $250,000 coverage limit became effective immediately upon the President's signature. The legislation provides that the SMDIA will return to $100,000 on January 1, 2014."

Full post as published by Mortgage Lender Implode-o-Meter on May 22, 2009 (boomark / email).

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