In recent leak of BOFA scandal from one of his ex-employee here and here. Its important to know what is “Forced Placed Insurance”?at the first place.
Homeowner’s insurance is a serious issue that must be taken serious by homeowner’s. Never allow yourself to be in the position where a forced-placed insurance policy [...]
FDIC Insurance: Is your bank FDIC insured? Make Sure Your Money Is Covered - 5 must-know questions about FDIC insurance limits
Update (October 3, 2008): FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. More here
I have cash in my savings and money market account in [insert your bank name.] How secure is the bank?
Recent failure of IndyMac bank, Lehman Brothers, Bear Stearns and poor health of financial system, more [...]