Items Tagged with 'U.S. Department of the Treasury'


  • U.S. Treasury boasts deregulation reform accomplishments

    Says reducing unnecessary burdens will lead to economic growth
    Tuesday, the U.S. Department of the Treasury released a 21-page report entitled Regulatory Reform Accomplishments Under President Trump’s Executive Orders, which, as the title suggests, details the actions it has taken toward decreasing regulations.
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  • Treasury report calls for extensive regulatory relief to finance industry

    Focuses on non-legislative reform
    As directed by President Donald Trump, the U.S. Treasury published a report Friday that calls for sweeping financial reform, including changes that would weaken the Dodd-Frank Act. The report claims regulations enacted after the Great Recession made it more difficult for financial institutions to recover, and made for one of the weakest economic recoveries in U.S. history. Here are some of the changes it calls for.
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  • [WATCH] Treasury Secretary Mnuchin says expect GSE reform during Trump administration

    Not number one priority, but on the agenda
    Treasury Secretary Steven Mnuchin sat down with CNBC for his first television interview since being confirmed to lay out some of the administration’s economic priorities. Among the items discussed, Mnuchin mentioned GSE reform, confirming that a change in Fannie and Freddie’s current status is still high on the administration’s list of priorities.
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  • HOPE NOW: 1.45 million homeowners rescued from foreclosure in 2015

    420,000 permanent loan modifications completed for the year
    HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and nonprofit counselors, released its final 2015 loan modification data report, which shows that 1.45 million homeowners received a foreclosure alternative solution. But, there's more.
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  • Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

    Groups cite Ocwen as leader in preventing mortgage defaults
    A consortium of housing advocacy groups is calling on the U.S. Department of the Treasury, the Federal Housing Finance Agency, and the Consumer Financial Protection Bureau to investigate “pro-foreclosure campaigns,” which the groups say are being perpetrated by “Wall Street giants including the largest hedge funds, mortgage bond traders, and insurance companies.”
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  • Treasury announces HAMP changes

    1 million homeowners eligible for new HAMP benefits
    Under the modified HAMP guidelines, announced Thursday in a joint statement by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development, all homeowners in the HAMP program will now be eligible to earn an additional $5,000 in the sixth year of their modification.
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  • Former Treasury general counsel George Madison joins Sidley Austin

    Served as advisor to Timothy Geithner, helped formulate Dodd-Frank
    Madison was appointed to his role at the Treasury by President Obama and confirmed unanimously by the Senate. As general counsel, Madison was the chief law officer of the Treasury and a senior policy advisor to the Secretary of the Treasury, Timothy Geithner.
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