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Tag Archives: Treasury

House Committee Issues Subpoenas to DOJ, Treasury, New York Fed

The Committee is accusing the U.S. Department of Justice, the Treasury Department, and the Federal Reserve Bank of New York of obstructing active investigations by withholding crucial information. According to the Committee's announcement, the three agencies were warned that their failure to comply with the Committee's request to turn over the information would result in the issuance of subpoenas.

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Can HAMP Borrowers Absorb Higher Payments When Mods Reset?

Approximately half a million homeowners who received a mortgage loan modification in 2010 through the government's Home Affordable Modification Program, commonly known as HAMP, are due to reset in 2015 – and those homeowners will be facing slowly increasing monthly mortgage payments. Will these homeowners be able to handle the payment increases, or will there be a massive wave of re-defaults?

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Obama Administration Releases February Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the February edition of the Obama Administration's Housing Scorecard on Friday. The report found that new home sales rose, foreclosure completion were down, and home prices remained stable.

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Big Changes at Freddie, Fannie Sought by Investor

Bruce Berkowitz, managing member and chief investment officer of Fairholme Capital Management, sent a letter to both Fannie Mae and Freddie Mac on Monday, urging the directors to "act in the best interests of each company and in accordance with accepted best practices for corporate governance."

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