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18 Jun 2010, 2:39 am
In a letter from the National Association of Insurance Commissioners (the “NAIC”) to both House and Senate leaders, state insurance commissioners urged lawmakers to designate a non-voting seat for state banking, insurance and securities regulators on the Financial Stability Oversight Council (the “FSOC”).NAIC President and West Virginia Insurance Commissioner, Jane L. [read post]
14 Jun 2010, 9:03 pm by Mandelman
Morgan Chase Bank and IndyMac Mortgage Servicers/OneWest Bank to honor their agreements with borrowers to modify mortgages and prevent foreclosures under the United States Treasury’s Home Affordable Modification Program (“HAMP”). [read post]
12 Jun 2010, 8:50 pm by Mandelman
This pace of growth, were it to be realized, would probably be associated with only a slow reduction in the unemployment rate over time. [read post]
8 Jun 2010, 4:58 pm by Mandelman
The current administration is implementing a policy of recapitalizing the banks (whose assets are still worth far less than their own debts) by lending them money through the Fed for nothing and borrowing back the money through the treasury for a lot more. [read post]
24 May 2010, 1:49 pm by Mandelman
Attorney General Eric Holder and Treasury Secretary Tim Geithner that Monday morning addressed the nation about the government’s response to the fraudulent loan modification scams. [read post]
17 May 2010, 6:45 am by Mandelman
” I wonder why this isn’t national news, but some poor schmuck lawyer in Nowhere, Illinois who somehow didn’t succeed 100% of the time in getting a bank to modify a loan is. [read post]
16 May 2010, 4:17 am by Mandelman
There are assumptions built into the model, and they may not be the right ones, said Diane Thompson of the National Consumer Law Center. [read post]
12 May 2010, 7:00 am by Mandelman
  The Mortgage Bankers Association did some walking away from mortgaged real estate this year too, right? [read post]
3 May 2010, 11:50 pm by Mandelman
The Federal National Mortgage Association is today’s Fannie Mae, and it was originally established in 1938 as part of FDR’s New Deal. [read post]
30 Apr 2010, 6:35 pm by James Hamilton
Covered employees are defined as both as employees of the company and non-employee directors of a major federal emergency economic assistance recipient.The Act defines major federal emergency economic assistance recipients as financial institutions of which the federal government acquired an equity interest of more than $5 million pursuant to a program authorized by the Emergency Economic Stabilization Act of 2008, as well as the Federal National Mortgage Association (Fannie Mae)… [read post]
19 Apr 2010, 4:29 pm by David Cosgrove
Kuswa, 24 F.Supp.2d 641, 647 (E.D.La. 1998), the defendant obtained loans from eleven individuals personally known by an associate of the defendant in order to provide capital for operations of a business. 24 F.Supp.2d at 642. [read post]
16 Apr 2010, 8:28 am by Erin Miller
Tohono O’odham Nation Docket: 09-846 Issue: Whether 28 U.S.C. [read post]
10 Apr 2010, 8:23 am by James Hamilton
The Managed Funds Association applauded the Secretary’s letter to U.K,. [read post]
25 Mar 2010, 2:40 am
It's not clear to me what rationale might justify restricting CFPB jurisdiction to a mere 100 or so of the nation's 8,000 plus banks. [read post]
24 Mar 2010, 9:53 pm by Mandelman
Allison began his career at Merrill Lynch as an associate in investment banking and served variously as Treasurer, Director of Human Resources, Chief Financial Officer, Executive Vice President, President, Chief Operating Officer and as a member of the Board during his 28 years there. [read post]
24 Mar 2010, 5:51 am by Broc Romanek
And this Bloomberg article noted that an investigation conducted by Treasury's Inspector General concluded that the Office of Thrift Supervision allowed six thrifts to improperly backdate capital injections. [read post]
4 Mar 2010, 4:13 pm by James Hamilton
Covered employees are defined as both as employees of the company and non-employee directors of a major federal emergency economic assistance recipient.The Act defines major federal emergency economic assistance recipients as financial institutions of which the federal government acquired an equity interest of more than $5 million pursuant to a program authorized by the Emergency Economic Stabilization Act of 2008, as well as the Federal National Mortgage Association (Fannie Mae)… [read post]