Office of Thrift Supervision

Shahien Nasiripour

Securitization Is Back! Investor-Owned Mortgages Have High Re-Default Rates, Says Report

HuffingtonPost.com | Shahien Nasiripour | Posted 12.21.2009 | Business

Read More: Freddie Mac, Foreclosures, Occ, Laurie Goodman, Home Affordable Modification, Homeowners, Making Home Affordable, Securitized Mortgages, Fannie Mae, Barack Obama, Securitization, Mortgages, Foreclosure Crisis, Office of the Comptroller of the Currency, Homeownership, Hamp, Office of Thrift Supervision, Ots, Financial Crisis, Housing Crisis, Business News

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

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Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 10.28.2009 | Business

Read More: JPMorgan Chase, Bear Stearns and JPMorgan Chase, J.P. Morgan Chase, Washington Mutual, Too Big to Fail, Regulatory Reform, Office of Thrift Supervision, Ots, Financial Crisis, Aig, Jamie Dimon, Sifma, Financial Regulation, Business News

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. ...

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

The Huffington Post Investigative Fund | Ben Protess and Lagan Sebert | Posted 11.04.2009 | Business

Read More: Commodities Futures Trading Commission, Derivatives, Office of Thrift Supervision, Sarbanes-Oxley, Gary Gensler, Cftc, Huffington Post Investigative Fund, Business News

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

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

AP | Alan Zibel | Posted 11.30.2009 | Business

Read More: Office of Thrift Supervision, Loan Modification, Occ, Making Home Affordable, Mortgage Modification, Office of the Comptroller of the Currency, Business News

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 ...

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

AP | ALAN ZIBEL | Posted 11.30.2009 | Home

Read More: Office of Thrift Supervision, Loan Modification, Occ, Making Home Affordable, Mortgage Modification, Office of the Comptroller of the Currency, Home News

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.

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Geithner Defends Financial Oversight Reform

AP | ANNE FLAHERTY | Posted 08.24.2009 | Politics

Read More: Geithner, Timothy Geithner, Treasury Department, Consumer Financial Protection Agency, Federal Reserve Chairman Ben Bernanke, Ben Bernanke, Federal Reserve, Ron Paul, Barney Frank, Office of the Comptroller of the Currency, Office of Thrift Supervision, Obama Administration, Republicans, Democrats, Gop, Politics News

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

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Regulators Missed Warning Signs At Smaller Banks

usatoday.com | Posted 07.17.2009 | Business

Read More: Office of Thrift Supervision, Fdic, ANB Bank, Mid-Sized-Banks, Federal Deposit Insurance Corp, Business News

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 ...

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Loan Modifications Not Helping Homeowners

AP | ALAN ZIBEL | Posted 05.04.2009 | Business

Read More: Bank Mortgages, Mortgages, Modifying Loans, Loan Modifications, Mortgages Banks, Office of Thrift Supervision, Office of the Comptroller of the Currency, Business News

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

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

AP | Posted 04.26.2009 | Business

Read More: Scott Polakoff, Indymac, Bank Regulator, John Bowman, Office of Thrift Supervision, Top Bank Regulator, Investigation, Pasadena-California, Business News

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

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How to Stop AIG's Bonuses

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 04.16.2009 | Business

Read More: Tarp, TARP Money, Aig Bonuses, Office of Thrift Supervision, AIG Bailout, CEO Bonuses, Aig, Sec, Bonuses, Wall Street Bonuses, Obama Tarp Money, Edward Liddy, William Black, Business News
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.

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

Washington Post | Binyamin Appelbaum | Posted 01.22.2009 | Business

Read More: IndyMac Fired, Darrel Dochow, Office of Thrift Supervision, Banking Regulator Fired, Indymac Bancorp, Housing Crisis, Business News

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

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SEC Investigating Washington Mutual

AP | Posted 03.28.2008 | Business

Read More: OTS, Office of Thrift Supervision, SEC Probe, Seatlle, Securities and Exchange Comission, Sec, Washington Mutual, Business News

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

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

CNN Money | Les Christie | Posted 03.28.2008 | Business

Read More: Office of Thrift Supervision, Henry Paulson, Subprime Mortgage Holders, Subprime Mortgages, Subprime Mortgage Crisis, Business News

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

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