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FDIC Finds Buyer for $1 Billion in Troubled Commercial Loans

As receiver of the nation's collapsed banks, many of which have folded under the weight of bad real estate deals, the FDIC has amassed a vast portfolio of distressed mortgages the ones rescuing institutions didn't want when they stepped in to take over the operations and assets of the many that have made the FDIC's failed bank list.

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ICBA Expands Partnership with Wolters Kluwer

The Independent Community Bankers of America (ICBA) has expanded its preferred service provider program with Minneapolis-based Wolters Kluwer Financial Services to include the company's Real Estate Settlement Procedures Act (RESPA) and Regulation GG tool kits, as well as the company's suite of Regulation CC products.

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New Year’s REO Solutions

Results-Based Strategies for Managing the Bulk of Business That '09 Left Behind -- First American's David Tiberio lays out effective solutions for addressing elevated levels of REO inventories in 2010 and 2011.

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HAMP Report Card Shows Only 31,000 Permanent Mods

Treasury released the highly anticipated progress report on the government's foreclosure prevention program Thursday afternoon - which for the first time includes details on the number of trial modifications each servicer has converted to permanent status - and as lenders warned earlier this week, the results were disappointing.

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