Items Tagged with 'Treasury Department'

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Treasury committing $1 billion more to fight blight, help struggling borrowers

Announces next round of Hardest Hit Fund allocations
In February, the Department of the Treasury announced that it planned to boost the Hardest Hit Fund by as much as $2 billion. The first round of funding saw the Treasury Department allocate $1 billion. And Wednesday, the Treasury announced the second round of funding, with $1 billion more now set aside to fight blight and help struggling homeowners.
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From HW Magazine

Smoking gun?

What a Treasury memo reveals about its intentions for GSEs and investors
The Treasury document also contradicts statements made a number of times by Treasury officials about the capital ratios that Fannie Mae and Freddie Mac would have to maintain. The document claims the percent is 3% to 4%, while statements since then have claimed 10%.
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Financial Stability director: SIFI designation is not “too big to fail”

Pinschmidt: “That’s just plain wrong”
During the Monday keynote address at ABS East in Miami, Patrick Pinschmidt, the deputy assistant secretary and executive director of the FSOC, said that the SIFI designation is designed to bring additional oversight of nonbanks in an attempt to mitigate the impact of a nonbank’s potential failure on the country’s economy.
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Treasury Secretary testifies on GSEs, nonbank MSRs and TBTF

Hensarling: Americans are fearful of their government
It was a raucous and heated session at the House Financial Services Committee as Treasury Secretary Jacob Lew made his annual report on the Financial Stability Oversight Council, touching on everything from GSE reform and nonbank MSRs to the IRS lost emails scandal.
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