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Office of Thrift Supervision

Senate Panel Slams Goldman Sachs

Reuters | Kevin Drawbaugh | Posted 06.13.2011 | Business

April 14, 2011 12:38:56 AM By Kevin Drawbaugh WASHINGTON (Reuters) - In the most damning official U.S. report yet produced on Wall Street's ...

16 Mortgage Lenders And Servicers Ordered To Reimburse Homeowners

AP | The Associated Press | Posted 06.13.2011 | Business

WASHINGTON/CHARLOTTE, North Carolina (Dave Clarke and Joe Rauch) - U.S. bank regulators announced pacts with the largest home lenders over allegat...

Move Your Money: Bank Regulators Hold Hearings in Los Angeles

Dennis Santiago | Posted 05.25.2011 | Los Angeles
Dennis Santiago

These hearings that could improve the Community Reinvestment Act, the 1977 law designed to ensure banks remain connected to communities. Regulators decided it may be time to update how this law is enforced.

Financial 'Reform' Dodges Big Lessons

Huffington Post Investigative Fund | David Heath | Posted 05.25.2011 | Business

As congressional partisans wrangle over financial reform, neither side is grappling with a fundamental lesson learned from an investigation into the c...

Shahien Nasiripour

Less Than One Percent Of Modified Mortgages In Obama Foreclosure Plan Involve Principal Cuts | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 6:10 p.m. ET. As few as 0.1 percent of mortgage modifications initiated under the Obama administration's signature foreclos...

The Office of Thrift Supervision: A Case Study in Republican Regulatory Neglect

Roy Ulrich | Posted 05.25.2011 | Business
Roy Ulrich

The lesson we can glean from the history of the OTS is that regulations don't mean anything if the regulator has no interest in regulating. Whatever bill emerges on Wall St. regulation, much will depend on who is left to enforce the rules.

AP: How The Financial Bill Will Improve Oversight

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Three things we know about the financial crisis: Big banks made reckless bets. They hid their weaknesses. And their regulators fail...

Government Bank Regulators Got Big Bonuses

AP | MATT APUZZO | Posted 05.25.2011 | Business

WASHINGTON — As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed ou...

Top Derivatives Regulator: "We Haven't Filled The Gaps"

The Huffington Post Investigative Fund | Ben Protess and Lagan Sebert | Posted 05.25.2011 | Business

Gary Gensler, the top regulator of the commodities markets, sees the U.S. financial system still "vulnerable" to the murky world of privately negotiat...

Shahien Nasiripour

Securitization Is Back! Investor-Owned Mortgages Have High Re-Default Rates, Says Report | Shahien Nasiripour | Posted 05.25.2011 | Business

The securitization of mortgage loans has been blamed for helping cause the financial crisis -- and now it seems to be complicating recovery efforts. ...

Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail" | Shahien Nasiripour | Posted 05.25.2011 | Business

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...

Loan Modifications: Half Of All Who Get Help End Up Falling Behind

AP | Alan Zibel | Posted 05.25.2011 | Business

WASHINGTON - Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help ...

Loan Modifications: Half Of All Homeowners Who Help End Up Redefaulting

AP | ALAN ZIBEL | Posted 05.25.2011 | Home

WASHINGTON — Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.

More than 50 percent of homeowners with loans modified in the first half of last year had missed at least two months of payments a year later, the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision said Wednesday.

But the results were better among those who saw their payments drop substantially.

About one in three borrowers whose monthly payments were reduced by 20 percent or more had fallen behind again within a year. That compares with more than 60 percent for borrowers whose loan payments were left unchanged or increased.

The report by highlights a significant challenge for the Obama administration's plan to tackle the foreclosure crisis, backed by $50 billion in money from the financial industry bailout fund.

Geithner Defends Financial Oversight Reform

AP | ANNE FLAHERTY | Posted 05.25.2011 | Politics

WASHINGTON — Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke staked out opposing sides Friday in a turf war over w...

Regulators Missed Warning Signs At Smaller Banks | Posted 05.25.2011 | Business

When ANB Bank of Arkansas failed last year, it was easy to blame executives whose pursuit of high-adrenaline growth led to the bank's demise. But now ...

Loan Modifications Not Helping Homeowners

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Though lenders are boosting their attempts to curb record-high home foreclosures, fewer than half of loan modifications made at the...

Scott Polakoff, Top Bank Regulator, Placed On Leave Pending Probe Of Backdated Cash Infusions For IndyMac

AP | Posted 05.25.2011 | Business

WASHINGTON — A top bank regulator has been placed on leave pending a Treasury Department investigation into regulators' approval of backdated ca...

How to Stop AIG's Bonuses

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 05.25.2011 | Business
Bill Black, Tom Ferguson, Rob Johnson, Walker Todd

Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.

Darrel Dochow, Senior Federal Banking Regulator, Removed In IndyMac Probe

Washington Post | Binyamin Appelbaum | Posted 05.25.2011 | Business

A senior federal banking regulator has been removed from his job after government investigators concluded that he knowingly permitted IndyMac Bancorp ...

SEC Investigating Washington Mutual

AP | Posted 05.25.2011 | Business

The Securities and Exchange Commission is probing how Washington Mutual Inc., the nation's largest savings and loan, handled mortgages that were possi...

Paulson To U.S.: Subprime Help Is On The Way

CNN Money | Les Christie | Posted 05.25.2011 | Business

The U.S. government is working hard to give relief to struggling mortgage holders, Treasury Secretary Henry Paulson said Monday. "We are working aggr...