Cheyenne Hopkins

Housing and Urban Development officials repeatedly said Tuesday that the department's "review" of 15 lenders was not an investigation and that the companies may continue writing Federal Housing Administration loans.

The Mortgage Bankers Association expects home loan originations to fall to their lowest level in a decade this year, as higher interest rates dampen demand for refinancings.

As large banks continue to be derided in the court of public opinion, community bankers have emerged as a more potent political force. They won a crucial exemption from a House regulatory reform bill and are expected to have a significant impact on the Senate debate.

The Department of Housing and Urban Development today will announce a probe of 15 Federal Housing Administration lenders whose loans have produced high default rates.

Dodd's retirement wins the senator a brief reprieve from criticism; Visa pointing out what it doesn't do to win over Hill staff?; everybody wants Bob Kelly ...

TCW announced on Monday that it is withdrawing from the toxic asset program. The company will now begin to liquidate its government funds by buying toxic assets and then repaying the government.

The Treasury Department announced Wednesday that it is investing another $3.8 billion in GMAC, boosting its ownership of the troubled firm to 56%, from 35%.

With the banking system in turmoil early this year, and most major players calling for massive change, 2009 was considered the perfect year to finally pass regulatory reform.

If anyone here is happy to see 2009 in his rearview mirror, it is Treasury Secretary Tim Geithner. Though the financial system is on sounder footing than a year ago, many of his top priorities have stalled or died altogether.

WASHINGTON — The number of current and performing mortgages dropped 1.5% to 87% in the third quarter — the sixth consecutive quarterly drop, regulators said Monday.

The banking regulators issued guidance Thursday governing the use of reverse mortgages and calling on banks to improve disclosure, provide independent counseling and strengthen third-party management of such loans.

WASHINGTON — Wells Fargo & Co. joined its large bank peers by announcing on Monday night that it is repaying the $25 billion it received from the Troubled Asset Relief Program.

WASHINGTON — Hauling a dozen chief executives of large financial firms to the White House for a lecture on the importance of credit gets big headlines, but how much leverage does President Obama actually have with lenders?

Barney Frank gets a shout-out on a T.V. sitcom; Rep. Jeb Hensarling resigns from Tarp oversight panel; Holiday parties canceled in D.C.; Promotions announced at the OTS

Elizabeth Warren, the chairman of the Troubled Asset Relief Program's Congressional Oversight Panel, challenged the efficiency of the Obama administration's small-business lending programs Thursday, arguing they have conferred little benefit to date.

The Charlotte bank's $45 billion repayment brought the total funds returned under the Troubled Asset Relief Program to $116 billion. The Treasury estimates that figure could grow to $175 billion by yearend.

Treasury Secretary Tim Geithner formally notified lawmakers on Wednesday that he is extending the controversial Troubled Asset Relief Program until Oct. 3, 2010.

Frustrated by the lack of progress in preventing foreclosures, House Financial Services Committee Chairman Barney Frank said Tuesday he wants to create a system to align the interests of servicers and investors.

Only 6% of trial modifications have become permanent or are likely to become permanent under the Obama administration's foreclosure program, according to data the Treasury Department plans to release on Thursday.

The Troubled Asset Relief Program is expected to recover all but $42 billion from its disbursements to financial institutions, a Treasury Department official said Monday.