Posts Tagged ‘U.S. Treasury’

GAO REPORT SAYS IT AGAIN: Treasury NEEDS to improve HAMP Data Analysis

Written on 20 Oct, 2014 at 17:42

Latest GAO Report once again has recommended that Treasury improve its capability to track and analyze data related to HAMP loan modifications. Again and again.... (Continue reading)

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Written on 30 Sep, 2013 at 13:07

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don't need a source for that statistic. Water is wet, the sky is blue, and that's a fact. Hotel rooms never cost $600... (Continue reading)

Tagged with: alt-a asset-backed security bank of america bond market CDOs citibank CNBC Collateralized debt obligations credit cards credit crisis credit default swap diana olick double dip economy Fannie Mae FDIC Chair Sheila Bair FICO foreclosure crisis foreclosures Freddie Mac Ginnie mae Goldman Sachs HAMP housing bubble Indymac bank jpmorgan chase lloyd blankfein loan modifications mandelman mandelman matters martin andelman MBS ml-implode Moody's Moody's/REAL Commercial Property Price Index mortgage crisis mortgage-backed security NACA Ocwen one west bank Option ARM predatory lending RMBS sallie mae securitization securitized debt SIV standard and Poors sub-prime borrowers tranches Treasury Secretary Tim Geithner triple A rating U.S. Treasury wells fargo bank

Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury

Written on 17 Jun, 2010 at 23:00

In some cases, banks are attempting to renegotiate or modify their loans. For example, Midwest Banc Holdings offered to swap $84.8 million in preferred shares issued under the TARP program for $15.5 million in common shares, but that would... (Continue reading)

Tagged with: American Bankers Association Assistant Treasury Secretary Michael Barr bank of america bank seizures bankers banks not making TARP payments ben bernanke commercial bankers credit default swaps defaulting loans FDIC FDIC Chair Sheila Bair foreclosures fraudulent securitization HAMP Indymac bank jpmorgan chase loan modifications Midwest Banc Holdings mortgage bankers association mortgage refinancing NPV NPV test one west bank preferred shares saxon SNL Financial sub-prime borrowers TALF TARP TARP payments Treasury Secretary Tim Geithner U.S. taxpayers U.S. Treasury U.S. Treasury data wall street bankers wells fargo bank