Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Loan mods TARP funds subject of Hill hearings
WASHINGTON (2/24/09)—Loan modifications and the Troubled Asset Relief Program (TARP) will be the topic of two hearings on Capitol Hill Tuesday. The House Financial Services Oversight and Investigations Subcommittee Chairman Dennis Moore (D-Kan.) announced the first hearing, “A Review of TARP Oversight, Accountability and Transparency for U.S. Taxpayers.” Witnesses scheduled to testify include:
* Neil M. Barofsky, special inspector general, Office of the Special Inspector General, TARP; * Gene L. Dodaro, acting comptroller general, Government Accountability Office; and * Elizabeth Warren, Chair, congressional Oversight Panel, Leo Gottlieb professor of Law, Harvard University.
The second hearing is, “Loan modifications: Are Mortgage Servicers Assisting Borrowers with Unaffordable Mortgages.” Witnesses scheduled to testify include:
* Vance Morris, director for Single Family Asset Management, U.S. Department of Housing and Urban Development; * Grovetta Gardineer, managing director, Corporate and International Activities, Office of Thrift Supervision; * Joseph H. Evers, deputy comptroller for Large Bank Supervision, Office of the Comptroller of the Currency; and * Patrick J. Lawler, chief economist, Federal Housing Finance Agency.


RSS print
News Now LiveWire
.@Filene's survey of 'every day people:' Unsettled by economic 'recovery,' income inequality See #NewsNow http://t.co/2PMVWaycm3
4 minutes ago
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
13 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
17 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
17 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
17 hours ago