Taylor-Brown Real Estate Talks

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In a recent question and answer sections after a speech at the Chicago Federal Reserve, FDIC Chairman, Sheila Bair , was quoted as saying “that due to the recent bank failures the FDIC has increased its staff by 1,000 and is still hiring.”

Ms. Bair had some other increasing facts.  She believes that the loan modifications are working in the real estate market as a whole, but she also believes that there is still some “distress in the mortgage market.”

With the latter information being given by the Chairman of the FDIC, a homeowner should consider a loan modification if the homeowner wants to keep his or her home. 

For more information on jobs with the FDIC visit its website at http://www.fdic.gov/about/jobs/

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