Articles tagged with Bailout

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Your Bailout Update (Nov. 2009): $400 Billion Outstanding

The TARP’s days of bailing out big banks will soon be over, the administration announced last month.  But the TARP lives on and … more…

Taxpayers Lose $2.3 Billion with CIT Bankruptcy

CIT filed for bankruptcy protection on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion … more…

Freddie Mac, Given Oversight of Mortgage Mod Program, Falls Down on Job

Since its March launch, the government’s $50 billion program to prevent foreclosures has been marked by confusion, delays and … more…

Four Banks in Govt’s ‘Healthy Bank’ Bailout Struggle to Survive

The government has doled out billions to 687 banks over the past year through a program meant to bolster already “healthy” banks. … more…

Watchdog Report Throws Cold Water on Treasury Loan Mod Celebration

Every month, the Treasury Department gives an update on its $50 billion mortgage modification program. We’ve posted the latest … more…

Adding Up the Financial Rescue: Fall Edition

Putting a dollar amount on the financial rescue isn’t an easy task, as we’ve noted before. Those looking for an answer can find … more…

Frustrated Homeowners Turn to Media, Courts

Qualified homeowners are being routinely denied loan modifications through the Obama administration’s Making Home Affordable plan, … more…

Happy Birthday, Bailout: $390 Billion Outstanding

This Saturday, the $700 billion TARP will be a year old. What better way to celebrate than with our monthly update on the … more…

How Are Those Loan Mods Coming? Sept. Edition

Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen … more…

FHA Faces Mounting Losses

Among the crowd of government agencies that have rushed to aid the economy, the Federal Housing Administration often gets … more…

Your August Bailout Update: $393 Billion Outstanding

Starting with this post, we’ll be updating you every month on the status of the taxpayer-funded bailouts we track in our … more…

Subprime Companies Line Up for Gov’t Mortgage Plan

The government’s foreclosure prevention plan is premised on the idea that the best way to prevent foreclosures is to work with … more…

Fed Loses Suit Over Lending Programs’ Transparency

In general, when it comes to the Federal Reserve’s activities, we know what the Fed wants us to know. As a quasi-governmental, … more…

Bankruptcy Judges, Justice Dept. Rip Mortgage Companies

“Systemic abuse.” “Extraordinary incompetence.” “Reckless.”  In a growing body of legal cases, judges and the Justice Department … more…

$0 Billion More to Freddie

Yep, you read that right. $0 billion. Late Friday, Freddie Mac reported a gain of $768 million, its first profit in two years. As … more…

Oregon, Florida Banks Fail Friday

Three more banks failed Friday, bringing the total for the year to 72. Two of the casualties were in Florida, and the third was in … more…

Bailout: $10.7 Billion More to Fannie Mae

Taxpayers will fork over $10.7 billion more to Fannie Mae, bringing the company’s total bailout to $44.9 billion.

Fannie’s twin … more…

Bundled Mortgages Pose Problems for Housing Program

This story was co-produced with Marketplace.

Seventy-year-old Barbara Harris can’t help crying when she walks around her … more…

Lawsuits Claiming Abuse Mount for Gov’t Mortgage Partners

The mortgage companies that the administration is relying on to help stop foreclosures have records of preying on homeowners, … more…

GMAC Loses Billions, May Seek More Federal Aid

You might call GMAC the Zelig of the bailout: It pops up among the banks, the auto companies and the mortgage servicers. That’s … more…