Topic: Office of Thrift Supervision
Borrowers with modified loans falling into trouble
AP News
Report says homeowners whose loan payments are cut by 20 percent or more still falling behindOne of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year. When borrowers get into financial trouble ...
OTS chief doesn't expect quick financial overhaul
AP News
Obama's financial overhaul plan doesn't concern bank regulator facing eliminationA top bank regulator is throwing cold water on a financial overhaul plan the Obama administration wants to see passed quickly. The Office of Thrift Supervision is not preparing for a possible merger with another regulator, and is looking ...
Alabama bank halts mortgage lending
AP News
New South Federal halts mortgage lending amid 3rd-quarter losses, higher foreclosure ratesThe second-largest thrift in Alabama is suspending mortgage lending amid hefty third-quarter losses as real-estate values moved lower and foreclosure rates turned higher. Officials with New South Federal Savings Bank, which operates offices in nine states, say the company ...
Dodd's super bank cop faces tough battle
Reuters US Online Report Top News
WASHINGTON (Reuters) - A Senate proposal to create a federal super cop to police banks faces formidable opposition from the industry, current regulators and a senior House lawmaker who recently blasted the idea. Christopher Dodd, chairman of the Senate Banking Committee, unveiled on Tuesday his highly anticipated version of financial regulatory ...
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