FDIC's Bair wants a fund for settling disputes on foreclosures

04/4/2011 | Hill, The

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., has suggested that banks contribute to a fund that would be used to settle foreclosure disputes with homeowners over documentation issues. "I think that this litigation could easily get out of control," Bair said. "We're already feeling like we're falling behind it."

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Hill, The

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