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Loan Modification
: Mortgage Lender Implode-o-MeterFDIC geared up for busy year of bank failures
By Implode-Explode Heavy Industries
The U.S. agency charged with dismantling or selling off failed banks said it is equipped to deal with what it sees as a busy 2010, according to remarks to be delivered before Congress on Thursday
. The Federal Deposit Insurance Corp expects that bank failures will remain elevated this year, said Mitchell Glassman, director of the FDIC's division of resolutions and receiverships.
Full post as published by Mortgage Lender Implode-o-Meter on January 21, 2010 (boomark / email).
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