Published: October 25, 2010
Tags: Bank of America, Bernanke, foreclosures, GMAC Mortgage, Treasury Department
By
JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people’s homes, Federal Reserve Chairman Ben Bernanke said Monday. Preliminary results of the in-depth review into the practices of the nation’s largest mortgage companies are expected [...]
Published: October 22, 2010
Tags: American Society of Civil Engineers, CG/LA Infrastructure, Council of Economic Advisers, high-speed rail, infrastructure, Rail, recession, shovel-ready, Treasury Department
By
DAVID PORTER and
MICHAEL RUBINKAM Associated Press Writers NEWARK, N.J. (AP) — New Jersey’s governor wants to kill a $9 billion-plus train tunnel to New York City because of runaway costs. Six thousand miles away, Hawaii’s outgoing governor is having second thoughts about a proposed $5.5 billion rail line in Honolulu. In many of [...]
Published: October 21, 2010
Tags: Al Koch, bankruptcy, EPA, General Motors, GM, GM plant, hazardous waste, Janesville, Lisa Jackson, Motors Liquidation Co., Obama, Treasury Department, trust, U.S. Bankruptcy Court
By
KEN THOMAS Associated Press Writer WASHINGTON (AP) — The Obama administration has reached a deal on a $773 million environmental trust, the largest of its kind in U.S. history, to clean up dozens of former General Motors sites spread over 14 states, officials said Wednesday. The money will target automotive sites containing hazardous waste [...]
Published: June 15, 2010
Tags: foreclosure, homebuilder, homeowner, housing, index, market, National Association of Home Builders, tax credit, Treasury Department
By Alan Zibel AP Real Estate Writer Washington (AP) — Homebuilders are losing confidence in the housing market now that government incentives that spurred home sales have ended. The National Association of Home Builders reported Tuesday its housing market index fell to 17 in June, sinking five points after two straight months of increases. It [...]
Published: May 13, 2010
Tags: business loans, community banks, Congressional Oversight Panel, financial crisis, loans, small business, Treasury Department
By Daniel Wagner AP Business Writer Washington — The Treasury Department’s programs to ease credit for small businesses have not provided the lending necessary to help many businesses grow and create jobs, according to a new report. Treasury has rolled out a series of multibillion dollar plans that were supposed to help small businesses get [...]
Published: April 5, 2010
Tags: Altera Real Estate, home sales, short sale, Treasury Department
Washington (AP) — The government launched an effort Monday to help speed the process of selling homes for which consumers owe more than the properties are worth. The Obama administration will give $3,000 for moving expenses to homeowners who complete such a sale — known as a short sale — or agree to turn over [...]
Published: February 25, 2010
Tags: mortgage, Obama, Treasury Department
Washington (AP) — Lawmakers are taking aim at the Obama administration’s struggling mortgage assistance program, with Republicans calling it a worthless exercise and Democrats saying it doesn’t go far enough. In a report Thursday, Reps. Darrell Issa, R-Calif., and Jim Jordan, R-Ohio, called the program a misuse of taxpayer money. Though $75 billion has been [...]
Published: February 3, 2010
Tags: Community Development Financial Institutions, Geithner, Obama, TARP, Treasury Department, Troubled Asset Relief Program
Washington (AP) — The Treasury Department will invest up to $1 billion in small banks that serve poor communities as part of the Obama administration’s efforts to spur more lending to small businesses, according to the department. The money will come from the $700 billion bank bailout fund. About 210 banks, thrifts and credit unions [...]
Published: January 27, 2010
Tags: Congressional Budget Office, Democrats, inflation rates, Medicaid, Pell Grants, Republicans, Social Security, stimulus, Treasury Department
By Andrew Taylor AP Writer Washington — Last year’s $787 billion economic stimulus bill is going to be even more expensive — $75 billion more. The new Congressional Budget Office estimate provides more ammunition for Republicans who say the stimulus has been long on spending and short on creating promised jobs. Almost half of the [...]
By Marcy Gordon AP Business Writer Washington — The government will face a complex and delicate task when it moves to unwind the federal financial bailout that officially ends in October, and the rescue will leave a deep impact the economy long afterward, according to a report from a government monitoring panel. The $700 billion [...]
Next Page »