Fremont’s Subprime Platform Collapses; FDIC Steps In Defining the Subprime Loan. The FDIC recently sent a letter to financial institutions giving a broad definition of a subprime loan (and the borrowers who receive them). In the letter, dated May 17, 2011, the FDIC offered the following explanation. The "subprime" label refers to the credit profile of individual borrowers.$1.52 billion of that relief will be paid out pursuant to an agreement with the United States that Goldman will provide loan modifications, including loan forgiveness and forbearance, to distressed.
SAN DIEGO, April 4, 2019 – ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced today that it has been recognized as one of HousingWire’s 2019 HW Tech100 winners.