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.
IndyMac foreclosures halted by the FDIC
Most Popular Articles
Latest Articles
Southern Nevada real estate outlook: 2025 predictions
As we head into 2025, I’m optimistic about the Southern Nevada real estate market and the opportunities it presents. While the economic conditions are certainly shifting, I see several factors that could drive activity and create a dynamic year ahead.
-
Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads
-
What to expect in 2025: Securing customer insurance in a volatile real estate market
-
Professional fix-and-flip market poised for growth in 2025
-
Expired listings: A Realtor’s goldmine
-
Offrs Review: Pros & cons, features, pricing, and alternatives
