Financing Corporation

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Financing Corporation (FICO)

A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC) by issuing bonds.

Financing Corporation

A bond-issuing entity established by the U.S. Congress in 1987 to recapitalize the Federal Savings and Loan Insurance Corporation. The bonds it issued were to be repaid with FSLIC insurance premiums and funds made available by the Federal Home Loan Bank System. The funds it raised were insufficient to prevent insolvency and the FSLIC was abolished in 1989.
References in periodicals archive ?
INTERVIEW WITH RICHARD PRICE, PRESIDENT, ZIEGLER FINANCING CORP.
Richard Price, president of Ziegler Financing Corp.
SSSU today announces that it is preparing Media Financing Corp.
The loan, which is a participation in a total loan with one half securitized in this transaction and half in another Prudential Securities Secured Financing Corp.
New York State's $2 Billion Tobacco Settlement Financing Corp.
The certificates are secured by district lease rental payments made to the trustee as assignee of the Los Angeles Unified School District Financing Corp.