AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
FDIC to Sell Alliance Receivables.(Federal Deposit Insurance Corp., Alliance Funding)(Brief Article)(Statistical Data Included)
The Federal Deposit Insurance Corp. is on the verge of picking winning bidders to purchase the subprime receivables of Alliance Funding here, a subprime wholesaler controlled by the government.
However, as Mortgage Servicing News went to press this month, the agency had not yet closed the bidding.
At last check, Alliance, a subsidiary of the now defunct Superior Bank, Hinsdale, Ill., had about $4.5 billion in servicing rights and residuals that were originally valued at $1.1 billion.
It is likely that one firm will purchase the servicing rights and that a different firm will wind up with the residuals.
At one point, at least 15 different investors had inquired about Alliance's lending/servicing assets, including Aegis Mortgage, ...
- Who Benefits from Increasing the Federal Deposit Insurance Limit?(Federal...
- Magazine article from: Economic Commentary (Cleveland) Thomson, James B. September 15, 2001 700+ words
...Steagall Act in 1933, federal deposit insurance is one Depression-era program...policymakers to recommend raising the deposit insurance limit to $200,000. In March 2000, the Federal Deposit Insurance Corporation (FDIC) began to...
- FDIC to Report on Profits, DIF's Balance.(Washington)(Federal Deposit Insurance...
- Magazine article from: American Banker Adler, Joe August 25, 2009 700+ words
Byline: Joe Adler The Federal Deposit Insurance Corp. is to give a progress report Thursday on the...also is to include an update on the state of the Deposit Insurance Fund, which in the first quarter held $13 billion...
- BankBlackwell, which hopes to be the first African American-owned Internet...
- Magazine article from: Black Enterprise Patterson, Philana January 1, 2006 700+ words
...BankBlackwell, which hopes to be the first African American-owned Internet bank, received deposit insurance approval from the Federal Deposit Insurance Corp., clearing its last major regulatory hurdle. The approval clears the way for the bank...
- Deposit insurance appeals. (Federal Deposit Insurance Corp. risk-based...
- Magazine article from: ABA Banking Journal Cocheco, Steve March 1, 1993 700+ words
Deposit insurance appeals. FDIC's new risk-based insurance program took effect Jan. 1. Banks had until Dec. 31 to appeal assessment levels...
- Deposit insurance rules revised. (Federal Deposit Insurance Corp.) (Brief...
- Magazine article from: ABA Banking Journal July 1, 1993 700+ words
Deposit insurance rules revised. Banks must make a one-time customer mailing informating them of new adjustments FDIC made in May to deposit insurance coverage of certain pension and retirement accounts. Most of the changes take effect Dec. 19, 1993.
- VIEWPOINT: Deposit Insurance a Persistent Problem.(Federal Savings and Loan...
- Magazine article from: American Banker Pollock, Alex J. October 7, 2009 700+ words
...nature and role of deposit insurance in creating the...Savings and Loan Insurance Corp. was itself insolvent...Congress declared that deposit insurance was explicitly a...contrast, the role of deposit insurance in the 21st-century...
- In Brief: Deposit Insurance Fund Topped $50B in '06.(Federal Deposit Insurance...
- Magazine article from: American Banker Adler, Joe February 21, 2007 700+ words
The Deposit Insurance Fund grew 3.3...securities, the Federal Deposit Insurance Corp. said Tuesday...as mandated by the deposit insurance reform law. The...Savings and Loan Insurance Corp. Resolution Fund...
- Federal Deposit Insurance Corp.(deposits insurance premiums)(Brief Article)
- Magazine article from: Arkansas Business October 24, 2005 700+ words
...Banks may soon pay more for deposit insurance, said Don Powell, chairman of the Federal Deposit Insurance Corp. Powell said the Bank Insurance...the shortfall. Powell said deposit insurance assessment rates for the BIF...
Source: HighBeam Research, FDIC to Sell Alliance Receivables.(Federal Deposit Insurance Corp.,...