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Tag Archives: U.S. Department of the Treasury

Government Passes the Baton to Servicers

The U.S. Department of the Treasury, HUD, and FHFA released a white paper designed to guide future loss mitigation and reflect on the lessons learned from the implementation of these housing recovery programs.

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TARP Takes Another Step Toward Winding Down

The U.S. Department of the Treasury announced on August 14 that it plans to continue selling its shares of common stock in Ally Financial, thus further reducing its investment in the Detroit-based lender.

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Sarah Bloom Raskin Confirmed as Deputy Secretary Of The Treasury

Sarah Bloom Raskin was confirmed by the United States Senate today to serve as Deputy Secretary of the Treasury. Previously, Raskin was confirmed in 2010 by the Senate to serve as a Governor of the Board of the Federal Reserve where she helped conduct the nation’s monetary policy, regulate banking institutions, and implement Wall Street Reform.

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Fannie Mae Dividend Payments to Exceed Treasury Draws

Fannie Mae released its Comprehensive Income Statement for the fourth quarter of 2013, noting a quarterly net income of $6.5 billion. It was the eighth consecutive quarterly profit for the government-sponsored enterprise (GSE), resulting in a large dividend payment to the U.S. Department of the Treasury.

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