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Treasury Secretary Timothy Geithner laid out the new administration’s highly-anticipated blueprint for the nation’s economic recovery Tuesday morning in Washington. In his remarks, Geithner said, The financial system is working against recovery, and that’s the dangerous dynamic we need to change.

On Wednesday, February 11, Queen Latifah will kick off the Bringing Hope Home bus tour of Newark, New Jersey, to promote foreclosure prevention in the New England community. The Golden Globe and Grammy award winner and Oscar nominee will be joined by multi-platinum recording artist and actor Wyclef Jean and New York/New Jersey radio personality and actress Angie Martinez.

New legislation has been introduced to the U.S. Senate that would prevent financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities.

Treasury Secretary Timothy Geithner is expected to lay out the new administration’s comprehensive Financial Stability and Recovery Plan on Tuesday, detailing how the government will use the remainder of the $700 billion bailout money, as well as additional programs it hopes will kick-start the U.

In the midst of continuing media coverage surrounding U.S. banks’ failure to lend and their use of federal bailout money, Anthony J. Carfang and Cathryn R. Gregg of Chicago-based Treasury Strategies, Inc.

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.

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.

Freehold, New Jersey-based First Equity Capital, LLC has established a private equity fund to buy pools of non-performing mortgage notes in an effort to stem the tide of foreclosures and delinquencies.

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.

The Federal Housing Finance Agency (FHFA), regulator of the nation’s GSEs and the more than $6.3 trillion in mortgage funding they supply, released its November Foreclosure Prevention Report today.