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CARES Prepares for Capitol Hill

In the first 30 days of the new presidential administration, the urgency to deal with the nation’s banking and financial crisis has taken top priority. The crisis has escalated and many potential resolutions are being explored – case in point, on Friday, President Obama named former Federal Reserve chairman Paul Volcker, along with 15 other leaders from various industries to an independent committee designed to help the White House combat a growing recession.

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Texas Bankers Endorse Wolters Kluwer Financial Services

The Texas Bankers Association (TBA), the largest and oldest state banking association in the nation, has expanded its endorsement of Wolters Kluwer Financial Services’ regulatory compliance and risk management solutions to include several of the company’s mortgage compliance documentation solutions.

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Pending Home Sales Show Healthy Gain

According to a new report released by the National Association of Realtors (NAR) this week, pending home sales increased at the end of 2008, as more buyers took advantage of improved affordability conditions.

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Obama Names Economic Recovery Advisers

President Barack Obama named the members of his new Economic Recovery Advisory Board on Friday – a team that he says will bring with it fresh ideas that go beyond the walls of Washington. The group of outside advisers will offer independent advice to the White House to help the administration craft an effective response to the nation’s growing recession.

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