Astepahead

EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a decrease in income of at least 15% directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. Other EHLP eligibility requirements inclu...

  In its first year, the Financial Fraud Enforcement Task Force (FFETF) more than doubled the number of defendants charged with mortgage fraud.  FFETF is acclaimed as the largest coalition ever convened to confront fraud in the financial sector. It’s comprised of more than 25 federal agencies, re...

According to a report released by the Federal Financial Crimes Enforcement Network Tuesday a total of 25,485 suspicious activity reports (SARs) involving mortgage fraud were submitted to the Financial Crimes Enforcement Network in the first quarter, up 31 percent from a year earlier.   In its fi...

According to a report released by the Federal Financial Crimes Enforcement Network Tuesday a total of 25,485 suspicious activity reports (SARs) involving mortgage fraud were submitted to the Financial Crimes Enforcement Network in the first quarter, up 31 percent from a year earlier.   In its fi...

  Nearly 16,000 Floridians have applied for mortgage help from the federal government's Hardest Hit Fund to prevent foreclosures. Since the $1 billion fund expanded statewide in late April, 554 homeowners have been approved and are awaiting payments, and 50 others have already received money. Nea...

  One month after reporting that its home price gauge had officially double dipped, Standard & Poor’ssays prices have inched up, in line with the expected seasonal boost that accompanies the spring buying season.  Data through April 2011, released June 29, 2011 by S&P Indices for its S&P/CaseShil...

This week the Federal Reserve Board announced its approval of the proposal by Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan, to acquire up to 24.9 percent of the voting shares of Morgan Stanley, New York, New York, and thereby indirectly acquire an interest in Morgan Stanley's subsidiary ba...

The federal banking regulatory agencies have jointly issued the attached proposed guidance on stress testing for banking organizations with more than $10 billion in total consolidated assets. The proposed guidance highlights the importance of stress testing as an ongoing risk management practice ...

  Sheila C. Bair, Chairman Federal Deposit Insurance Corporation on Financial Regulatory Reform The International Context before the Committee on Financial Services of the U.S. House of Representatives     During todays speech by Sheila C. Bair, Chairman FDIC argued that repairing the capital str...

The CEOs of America’s largest companies anticipate higher sales and plan to increase capital expenditures and hire more workers over the next six months, according to the results of Business Roundtable’s second quarter 2011 CEO Economic Outlook Survey.   “Fully 87% of our CEOs anticipate higher ...