Your morning links:
G.M. Seeks More Imports From Low-Wage Regions (NYT)
Board to Ban Accounting Practice That Helped Lending Proliferate (WaPo)
At Geithner’s Treasury, Key Decisions on Hold (WaPo)
Smaller US Banks Need Additional $24 Billion (FT)
Banker Pay May Escape Obama Caps as Wall Street Eyes Guidelines (Bloomberg)
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$515 billion of taxpayer money has been allocated or promised to 832 companies and 13 programs.
| Mar. 5, 2010 |
iServe Servicing, Inc.
Incentive Payments for Home Loan Modification |
$28 million |
| Mar. 3, 2010 |
Urban Trust Bank
Incentive Payments for Home Loan Modification |
$1.1 million |
| Feb. 26, 2010 |
Fannie Mae
Preferred Stock |
$15.3 billion |
| Feb. 19, 2010 |
Money for HFA Innovation Fund |
$1.5 billion |
| Feb. 3, 2010 |
Money for CDFIs |
$780.2 million |
| Jan. 29, 2010 |
iServe Residential Lending, LLC
Incentive Payments for Home Loan Modification |
$960 thousand |
| Jan. 29, 2010 |
United Bank
Incentive Payments for Home Loan Modification |
$540 thousand |
| Jan. 15, 2010 |
Digital Federal Credit Union
Incentive Payments for Home Loan Modification |
$3.1 million |
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. We strive to foster change through exposing exploitation of the weak by the strong and the failures of those with power to vindicate the trust placed in them.
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
We’ve been reporting on the Obama administration’s loan modification program, and we want to hear from homeowners who are applying for one. Tell us your story.
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