Articles tagged with Department of the Treasury

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Stimulus Spending Hits $272 Billion—34 Percent of Total

The Obama administration has spent $179 billion in stimulus funds, according to the latest numbers from Recovery.gov. Combined … more…

Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo

On the Saturday before Thanksgiving, Lesa Herron of Santa Rosa, Calif., opened a letter from Chase Home Finance (PDF). She’d been … more…

GM Announces It Will Pay Back Gov’t Loan … With Gov’t Money

GM will be begin paying back the TARP money in December, the company announced this morning. It’s a statement in need of a little … 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…

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…

Treasury and NASA Loosen Their Purse Strings

Update (Oct. 5, 5:51 PM): Lori Irving, a spokewoman for the Department of Transportation, told us that the department’s reporting … 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…

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…

While Debt Mounts, Couple Chases BofA Loan Mod

Bank of America is the biggest mortgage servicer in the business. And judging by Treasury Department data, its customers searching … more…

Treasury Launches Shame Offensive Against Mortgage Servicers

Today, the Treasury Department released data (PDF) showing how each of the mortgage servicers participating in the … more…

Some Banks in Govt’s ‘Healthy Bank’ Bailout Are Struggling

A growing number of small and midsize banks that received federal bailout money have stopped paying quarterly dividends to the … more…

TARP Watchdog Growls at Treasury over Lack of Transparency

Where has the TARP money gone? If you check out our bailout database, you’ll be able to see which companies have received … more…

How Banks Are Using Bailout Money

TARP funds were supposed to help banks increase lending, but many bailed-out banks used federal funds for other purposes says … more…

Treasury Department Considering More Aid to Struggling Homeowners

We’ve heard of rent-to-own, but some troubled homeowners might have to go the other way around. The Treasury Department is … more…

Obama Admin Steps Up Defense of Stimulus

Today’s roundup of stimulus coverage:

On Wednesday, Secretary of Transportation Ray LaHood delivered his rebuttal to growing … more…

Details of Some AIG Sales Kept From Public

AIG has sold a dozen of its subsidiaries since April as part of its effort to repay the $85 billion it owes the American … more…

Some Bailout Transparency Promises Remain Unkept

In June, we reported that the Treasury Department had failed to keep a key transparency promise. Falling well short of … more…

Gov’t Foreclosure Program: Who Are The Holdouts?

Most of the biggest mortgage servicers in the country have signed up for the government’s foreclosure program, helping it cover … more…

Obama Admin to Mortgage Servicers: Do More (Please)

If you’ve been following our coverage of the Obama administration’s foreclosure-prevention program, you know that it’s been slow … more…

Treasury to Use Up to $30 Billion to Buy Toxic Assets

On Wednesday, the Treasury Department announced that nine asset managers (see the list here) had been picked to partner with the … more…