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Fdic's Bair Halts Foreclosure On Indymac Mortgages

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WASHINGTON, July 14 (Reuters) - The Federal Deposit Insurance Corp has temporarily halted any foreclosures on the $15 billion of bank-owned mortgage loans found in IndyMac's portfolio, FDIC Chairman Sheila Bair said on Monday.

Bair said in an interview on CNBC television that IndyMac, which the FDIC took over after it failed on Friday, had a $200 billion mortgage servicing portfolio.

She also said the "overwhelming majority" of U.S. banks are "safe and sound." (Reporting by Karey Wutkowski; Editing by Tim Dobbyn)

http://www.reuters.com/article/bondsNews/i...T00941020080714

Never had this with Northern Rock after it was nationalised.

Is the U.SA. turning into a Socialist Republic?

:o

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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