Articles Tagged with ''chairwoman''

From HW Magazine

Servicers: There’s a new sheriff in town, and she has concerns

Maxine Waters takes over House Financial Services Committee
As a new Congress is seated and Democrats take control of the House of Representatives, one of the favorite new parlor games for mortgage market observers has been predicting what the priorities will be of the House Financial Services Committee under the leadership of its new Chairwoman, Representative Maxine Waters.
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The Show Must Go on for Legacy Loans

The Legacy Loans Program (LLP), a big part of the Public-Private Investment Program designed to attract private capital to buy up toxic — or so-called “legacy” — loans faced its share of doubts as regulators shuffle programs to find the right balance between investment programs.
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Bank Net Income Falls 60% from Q108

The US banking industry experienced a rough first quarter as the worst of the credit crisis continues to unwind, deteriorating assets take their toll on balance sheets and federal regulators expose weaknesses in capital buffers through exhaustive stress tests. Banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reported a combined $7.6bn net income for Q109, $11.7bn or 60% below the net income reported in the year-ago quarter.
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FDIC's Bair Urges US Regulation on Global Issue

Federal Deposit Insurance Corp. (FDIC) chairwoman Sheila Bair today asked a Senate committee on banking to consider a government regulatory framework to monitor global, systemic financial institutions considered "too big to fail." Bair argued the implementation of Basel II by financial institutions led to procyclicality (not an uncommon claim) and these firms should be subject to higher capital buffer requirements and stricter prompt corrective action under US law.
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OTS Chairman Steps Down

John Reich, Director of the Office of Thrift Supervision, on Thursday announced his resignation from the agency. Reich and Obama administration officials may have been at odds over whether the government should take part in mortgage workouts to help troubled homeowners, according to a Market Watch report.
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Tech Roundup: Partnership Brings ForeclosureRadar to California Realtors

The Real Estate Business Services Inc. announced last week announced a partnership with ForeclosureRadar, through which all California Association of Realtors (CAR) members may receive the online foreclosure-tracking software at a discounted rate. Discovery Bay, Calif.-based ForeclosureRadar provides professional investors with accurate, timely, up-to-date information on the foreclosure market.
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