We’ve warned readers countless times about email spam. We try to tell readers what to look out for and how to protect themselves from online fraud. A spam email we got this morning goes back to the warning that scammers will use government agencies to either scare you into clicking their bad link or they’ll use them to make you feel secure that the link is safe.
Today our office received an email disguised to look as though it came from the FDIC.
Another 111 lenders have been added to the Federal Deposit Insurance Corporation’s (FDIC) “problem bank” list. That bring the nation’s ‘problem bank’ list to a grand total of 416, the most in about 15 years. The institutions on the problem list represent nearly $300 billion in assets that the FDIC is responsible for insuring if they do indeed fail.
Eighty-one banks have failed so far in 2009, and the experts say there are more to come. The increase in failures has already prompted the FDIC to increase certain fees that they charge banks in order to raise additional funds:
HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.
