Secrets the lenders do not want you to know

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Many lenders and financial institutions have their deposits insured by the FDIC.. And as part of this process, the assets must pass certain quality standards. If a loan is in default, an immediate analysis of the underlying collateral must be completed by auditors to establish how much of the loan could be repaid in the event of a foreclosure of the collateral. The red area shows what could be considered under collateralized. By itself. this is bad news for the lender, as the FDIC will require a set aside, or reserve of the cash and liquid assets of the lender. To offset this so-called under collateralized portion of the loan.

The news gets really bad when the collateral is no longer collateral and becomes ownership of the real estate. after a foreclosure As demonstrated in red, real estate can not be considered any value when compared with the original loan and now the lender must set aside the entire value of the former loan in reserve under the FDIC guidelines.

If the lender does not have the liquidity to offset a surge in foreclosure real estate the FDIC takes over the bank, pays the most of the depositors, and the doors are closed.

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