Treasury Department

Banks Use New Treasury Funds to Retire TARP Debts

Posted on August 4, 2011 by Moe Bedard

(Source: Los Angeles Times) – Trade in that nagging Troubled Asset Relief Program debt for a better deal with Uncle Sam.

Posted in Bank News, Banking | Tagged Investment Programs, Planning Retirement, TARP Debts, Treasury Department, Troubled Asset Relief Program | Leave a comment

Banks Pay Back TARP Funds By. . .Borrowing from Treasury

Posted on July 25, 2011 by Moe Bedard

(Source: FOX News) – Most of the big banks have repaid the government funds they received under the Capital Purchase Program (CPP), the pillar of TARP under which Treasury bought preferred shares in the nation’s banks. Enough so that, combined [...]

Posted in Bank News, Banking | Tagged Capital Purchase Program, Failed Homeowner Programs, Financial News, TARP Funds, Treasury Department | Leave a comment

Banks Get Scant Help Preparing For Default

Posted on July 22, 2011 by Moe Bedard

(Source: Wall Street Journal BY VICTORIA MCGRANE) – U.S. bank officials say they’re getting little guidance from the Treasury Department, the Federal Reserve or other regulators as they map out how to deal with a possible downgrade in U.S. Treasury [...]

Posted in Bank News, Banking | Tagged Bank Defaults, Banking News, Federal Reserve, Treasury Department | Leave a comment

OCC Preemption, SEC ‘Big’ Participants, Taiwan: Compliance

Posted on July 21, 2011 by Moe Bedard

(Source: Bloomberg By Carla Main) – The U.S. agency that oversees national banks released rules governing when federal regulations should trump state law, revising language that was faulted for ignoring the aims of the Dodd-Frank Act.

Posted in Bank News, Banking | Tagged Dodd Frank, National Bank Powers, National Banks, Treasury Department | Leave a comment

Government Housing Aid Programs Below Targeted Goals

Posted on July 5, 2011 by Moe Bedard

(Source: Reuters) – More struggling homeowners sought help with loan modifications in May, the Treasury Department said on Friday, although the main program introduced by the Obama administration to aid borrowers at risk of foreclosure remains below its initial expectations.

Posted in Loan Modification News | Tagged Federal Foreclosure Help, Federal Loan Modification Programs, Federal Mortgage Help, Free Mortgage Help, Loan Modification, Treasury Department | Leave a comment

Treasury Approves Mercy Housing Loan Mod Program

Posted on July 5, 2011 by Moe Bedard

(Source: Chicago Tribune By Mary Ellen Podmolik) – The Treasury Department will allow Mercy Housing Inc., a national nonprofit group, to use almost one-quarter of the federal “hardest-hit” funds sent to Illinois for a private mortgage modification program in the [...]

Posted in Loan Modification News | Tagged Free Mortgage Help, Homeowner Assistance Programs, Loan Modification, mortgage help, Mortgage Modification, Treasury Department | Leave a comment

Banks Apply for Less Than Half of Small-Business Lending Fund

Posted on June 17, 2011 by Moe Bedard

(Source: Bloomberg By James Sterngold) – Small banks applied for less than half of the $30 billion in capital available from a federal program to increase small-business lending, according to the U.S. Treasury Department.

Posted in Bank News, Banking | Tagged Bank Bailout, Banking News, Business Lending, Business Loans, New Loans, Treasury Department | Leave a comment

Led by AIG and GM, Bailed Out Companies Still Owe $102B From TARP

Posted on May 26, 2011 by Moe Bedard

(Source: Chicago Tribune) – It’s been a pretty good week for the Treasury Department’s bailout program.

Posted in Political News | Tagged AIG, Bailed out Companies, Bailout Programs, Government Bailouts, TARP Program, Tax Dollar Bailouts, Treasury Department | Leave a comment

Feds Test Simpler Mortgage Disclosure Forms

Posted on May 23, 2011 by Moe Bedard

May 20 (Source: The Philadelphia Inquirer By Alan J. Heavens) – The federal government on Thursday began testing simplified disclosure forms designed to help borrowers find the mortgage that’s right for them.

Posted in Political News | Tagged Elizabeth Warren, Fred Glick, Harry Pecci, Treasury Department | Leave a comment

Differing Views of Mortgage Relief

Posted on March 7, 2011 by Moe Bedard

(Source: The Philadelphia Inquirer By Alan J. Heavens) – The Obama administration spent last week defending its two-year-old efforts to reduce foreclosures through mortgage modification and related programs as congressional Republicans ramped up pressure to cut them out of the [...]

Tagged HAMP, John Dodds, Mark Zandi, Neighborhood Stabilization Program, Redevelopment Authority, Terry Gillen, Treasury Department | Leave a comment

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