Posted in FDIC on Oct 30th, 2009
The Associated Press reported a major development today regarding commercial mortgage modifications. A Policy Statement was released by the FDIC providing that banks will not be looked upon adversely by regulators for engaging in prudent commercial loan modifications. As I discussed extensively in my previous posts, one of the major reasons that banks have been [...]
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Posted in Credit Markets, FDIC on Oct 19th, 2009
In another Bloomberg article today, it was reported that the FDIC basically dropped the ball when it came to enforcing their own guidelines. In 2006, the FDIC set forth guidelines providing that banks should not have commercial real estate holdings that exceeded 300 percent of their capital. I guess it’s pretty fair to say that [...]
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