Iowa Mortgage Fact
83% percent of mortgage loans in Iowa have been made to prime borrowers and only 7% are either fixed or adjustable rate sub-prime loans. Sub-prime loans with adjustable rates (ARMs) are where the bulk of problems are nationwide. Iowa has only .03% sub-prime ARM loans.News
Customers’ deposits in Iowa banks are protected. All deposits are insured by the FDIC. The Emergency Economic Stabilization Act of 2008 signed into law by President Bush on October 3, 2008, temporarily increases the basic FDIC insurance coverage amount per depositor from $100,000 to $250,000 until December 31, 2009. For more information, refer to the FDIC website (www.fdic.gov).Copyright © 2008 Martin & Associates, Inc. All Rights Reserved.
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