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FSLIC

   Also found in: Financial, Acronyms 0.02 sec.
FSLIC
abbr.
Federal Savings and Loan Insurance Corporation


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Federal regulators from the FSLIC (Federal Savings & Loan Insurance Corporation) have discovered that consumers are overpaying on their adjustable rate mortgages by more than $8 billion as a result of interest rate miscalculations.
Government study finds rampant errors in ARMs by Renert, Ian L. / Real Estate Weekly
also known as FICO, the federal agency created to resolve the S&L crisis by selling bonds intended to recapitalize the FSLIC.
Regulators to decide deposit insurance issue by Turner, Dan / Los Angeles Business Journal
The Omnibus Budget Reconciliation Act of 1993 (OBRA) disallowed losses on the sales of covered assets and deductions for the worthlessness of covered receivables when the taxpayer is entitled to FSLIC reimbursement for the losses.
OBRA and court ruling: trouble for thrift buyers by Journal of Accountancy
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