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FDIC

Congress created the Federal Deposit Insurance Corporation (FDIC) in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 8,246 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

Contact:

1776 F St., NW,
Washington, DC  20006
Toll-free: 877-ASKFDIC (877-275-3342),
TDD: 800-925-4618

Media
Jay Rosenstein
Phone: (202) 898-7303

Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound

Agencies Issue Proposed Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - July 10, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a proposed rule that would create exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The proposed exemptions are intended to save borrowers time and money and to promote the safety and soundness of creditors. The appraisal requirements for higher-priced mortgages were imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Under the Dodd-Frank Act, mortgage loans are considered to be higher-priced if they are secured by a consumer's home and have interest rates above a certain threshold.

FDIC Advisory Committee on Economic Inclusion to Examine Asset-Building Opportunities for Individuals and Banks

The FDIC Advisory Committee on Economic Inclusion (ComE-IN) will meet on March 19th to explore saving and asset-building opportunities for individuals and banks. The committee will hear from a panel of experts, who will address:

Analytical Case for Loan Modification Reported in FDIC Quarterly

In the current issue of FDIC Quarterly the FDIC outlines the analytical case for a systematic and streamlined loan modification process that will help avert foreclosure for borrowers who are current on their loans, but who cannot refinance or afford the higher payments when interest rates reset

The FDIC Issues Tips on Shopping for and Negotiating a Good Mortgage in the...

Environmental awareness may be rising, but when it comes to buying a home, green by itself is not an easy sale, according to green market experts who spoke at “The Business Benefits of Green” during the 2007 REALTORS® Conference & Expo last week.