Search for: "Office of Thrift Supervision"
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24 May 2010, 10:24 am
As discussed in this briefing paper, the Restoring American Financial Stability Act of 2010 (S 3217, the Senate version of H.R. 4173) would institute far-reaching reforms, including the creation of an independent Consumer Financial Protection Bureau housed within the Federal Reserve Board and new federal government power to wind down large, failing financial institutions.The bill would establish a nine-member Financial Services Oversight Council to oversee systemic risk, strengthen regulation of… [read post]
21 May 2010, 2:55 am
Mortgage fraud investigations by the FBI increased 400% in 2009, according to an Office of Thrift Supervision (OTS) report on fraud and insider abuse. [read post]
5 May 2010, 11:38 am
Second runner-up: Dear Sheila, You really know how to stir up a colleague’s vacation… ~ John Reich, former director of the Office of Thrift Supervision, in an August 6, 2008 email to FDIC Chairman Sheila Bair, as FDIC pressured OTS to take more forceful enforcement action against the troubled Washington Mutual Bank. [read post]
29 Apr 2010, 5:50 am
Monroe Street, Suite 400 Springfield, IL 62704-1800 Phone: (217) 522-9675 Illinois Office of the Attorney General click here for internet site Chicago Main Office 100 West Randolph Street Chicago, IL 60601 Phone: (312) 814-3000 TTY: (312) 814-3374 Springfield Main Office 500 South Second Street Springfield, IL 62706 Phone: (217) 782-1090 TTY: (217) 785-2771 Carbondale Main Office 1001 East Main Street Carbondale, IL 62901 Phone: (618) 529-6400/6401… [read post]
23 Apr 2010, 10:25 pm
Sixty percent of modifications undertaken by banks in late 2008 were in default a year later, according to the latest Mortgage Metrics Report compiled by the Office of Thrift Supervision and the comptroller of the currency. [read post]
23 Apr 2010, 10:25 pm
Sixty percent of modifications undertaken by banks in late 2008 were in default a year later, according to the latest Mortgage Metrics Report compiled by the Office of Thrift Supervision and the comptroller of the currency. [read post]
20 Apr 2010, 8:52 am
The Office of Thrift Supervision (OTS) failed to ensure that Washington Mutual Bank (WaMU) took the necessary steps to correct weaknesses identified by OTS examiners prior to WaMu’s failure in September 2008, and OTS continued to assign WaMu strong ratings despite evidence of risks to the bank’s asset quality and management, according to an investigative report. [read post]
20 Apr 2010, 3:35 am
The Office of Thrift Supervision repeatedly identified poor underwriting practices and other problems with risky loan products offered by Washington Mutual Bank over a five-year period before the bank’s demise, but failed to take corrective action and even engaged in a “turf battle” when the Federal Deposit Insurance Corporation attempted to assert its backup enforcement… Read this entire article for free, activate your free 15… [read post]
16 Apr 2010, 2:45 am
Apparently the report will suggest that the Office of Thrift Supervision failed to follow up on deficiencies and resisted FDIC efforts to be more aggressive. [read post]
29 Mar 2010, 7:01 am
(The Office of Thrift Supervision will be eliminated and its functions folded into other bank regulators.) [read post]
26 Mar 2010, 9:47 am
The Federal Home Loan Bank Board, which was disbanded in 1989 and replaced by the Office of Thrift Supervision, which takes the position that the Act only applies to owner-occupied homes. [read post]
25 Mar 2010, 6:33 pm
According to the latest report from the Office of the Comptroller of the Currency and the Office of Thrift Supervision, some 13.6% of borrowers had missed at least one mortgage payment or were in foreclosure at the end of 2009, up from 12.8% at the end of the third quarter, and the seventh-straight quarterly increase. [read post]
24 Mar 2010, 5:51 am
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]
16 Mar 2010, 6:08 am
Defines “financial company” as: An insured bank or thrift; A bank holding company; Any other company that controls an insured bank or thrift (i.e., a thrift holding company or other depository institution holding company); Any foreign bank that has a U.S. branch, agency or commercial lending company subsidiary; Any other foreign company treated as a bank holding company for purposes of the Bank Holding Company Act; and Any nonbank financial company… [read post]
12 Mar 2010, 5:20 pm
" * * * [After noting that the Office of Thrift Supervision (OTS) moved before the Office of the Comptroller of the Currency (OCC) to preempt state antipredatory lending laws, Immergluck continues:] The OCC was not about to let the thrift charter gain a clear regulatory advantage over the national bank charter. [read post]
9 Mar 2010, 5:00 am
” The Financial Crimes Enforcement Network, Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, Securities and Exchange Commission, and Commodity Futures Trading Commission all joined in the guidance. [read post]
4 Mar 2010, 6:09 am
Flynn stated the matter clearly in his book Corporate Democracy: Our corporate statutes assume that shareholders own the corporation, that the rights and powers of shareholders flow from their providing ”risk capital,” that directors shall manage the business, and that officers are agents of the corporation under the direction and control of the board, with a duty to manage the corporation for the benefit of all the shareholders. [read post]
2 Mar 2010, 7:44 pm
Remember that the FDIC board includes the Comptroller and the Director of Thrift Supervision. [read post]
24 Feb 2010, 6:40 am
They also complained to the federal Office of Thrift Supervision, which said Citizens’ actions were legal. [read post]
8 Feb 2010, 7:42 pm
So Parnegg, whose Albuquerque firm did lots of business with the locally-owned Charter, is out to try to get the sale of Charter to Beal Financial Corp. reversed, or to at least let the Office of Thrift Supervision and the Federal Deposit Insurance Corporation know that many Albuquerqueans are angry about the seizure and sale of the 30-year-old community bank. [read post]
