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., one of the more heavily involved lenders in HUD-supported building and renovation (and a former board member of the National Investment Center for the Seniors Housing & Care Industries [NIC]), discussed the new proposals and what they mean to would-be borrowers in an interview with Nursing Homes/Long Term Care Management Editor Richard L.