Items Tagged with 'Bush'

ARTICLES

  • In the Crosshairs: Security Savings Bank

    (Update 3: adds most recent call report data; updates Talley's most recent position at Security Savings; adds statement from the bank regarding OTS exam) The Office of Thrift Supervision has set up camp in a small Kansas bank with ties to the former Bush administration, as part of an effort to examine the bank's mortgage books and accounting practices, according various sources working inside the bank and at the Office of Thrift Supervision, the bank's regulator.
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  • Homeownership Rate Rolls Back to 2001

    Data released Tuesday by the Commerce Dept. shows that the nation's homeownership rate slid to 67.5 percent during the fourth quarter, levels last seen when our calendars flipped over to 2001. In other words, the much-touted homeownership gains of the entire previous Bush regime are now history. Gone. It's amply clear now that the gains of the past eight years were illusory and temporary, created through unsustainable lending practices.
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  • Kashkari: Credit to Remain Slow Until Confidence Returns

    With Friday's investment in 43 financial institutions, the Treasury Department's allocation of Troubled Asset Relief Program funds through the Capital Purchase Program has grown to $189 billion of the $250 billion allotted. Pending applications under the program remain "in the thousands," according to a speech given Monday by interim assistant secretary Neel Kashkari.
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  • The Blame Game, Redux

    As the nation's housing and financial crises continue to wind their way into the nation's collective consciousness, the nation's news dailies are taking their own swings at the blame game. And make no mistake about it: there is plenty to go around.
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  • Preston Piles On, Slams Hope for Homeowners

    Blaming Congress for pushing an ineffective program out to troubled homeowners, U.S. Department of Housing and Urban Development chief Steve Preston slammed the Hope for Homeowners mortgage program in an interview with the Washington Post earlier this week.
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  • Pelosi: No Further TARP Funding Without Homeowner Help

    House Speaker Nancy Pelosi (D-CA) said on Tuesday that any effort by Bush administration officials to access further funding via the U.S. Treasury's Troubled Asset Relief Program must come with a plan to help troubled homeowners stay in their home, the latest salve to be fired in a growing battle over government's role in attempting to fix the nation's growing number of bad mortgages.
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  • Paulson Softening Stance on Foreclosure Relief

    If the rumors are true, it looks as if alleged back-room battles with Federal Desposit Insurance Corp. chairman Sheila Bair may be softening up Hammerin' Hank, as his tenure at the U.S. Treasury comes ever nearer to its close: in remarks delivered Monday afternoon, Henry Paulson suggested that he might yet look to allocate funds from the Troubled Asset Relief Program to support aid for troubled homeowners.
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