{"id":8993,"date":"2008-10-30T00:00:00","date_gmt":"2008-10-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"treasury-fdic-said-to-consider-guarantees-to-stem-foreclosures","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/treasury-fdic-said-to-consider-guarantees-to-stem-foreclosures.html","title":{"rendered":"Treasury, FDIC Said to Consider Guarantees to Stem Foreclosures"},"content":{"rendered":"<p>Bloomberg &#8211; The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said.             <\/p>\n<p>The plan, which might put as many as 3 million homeowners into affordable loans, would require lenders to restructure mortgages based on a borrower&#8217;s ability to repay. Under one option, the industry would keep lower monthly payments for five years before raising interest rates, the people said.     <\/p>\n<p>FDIC Chairman Sheila Bair mentioned the program at an international deposit insurers conference in Arlington, Virginia, yesterday without offering details. &#8220;A framework is needed to modify loans on a scale large enough to have a major impact,&#8221; Bair said.     <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601170&#038;refer=home&#038;sid=aPFaqO.S_m.g\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said. The plan, which might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[445,3462,410,2796,3461,502,338,948,3460],"class_list":["post-8993","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bad-credit","tag-crises","tag-currencies","tag-dealer-operations","tag-exigent-circumstances","tag-expectation","tag-henry-paulson","tag-subsidiaries","tag-swaps-and-other-derivatives"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8993"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8993\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}