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Foreclosures for major sector of bank industry topped 1 million in third quarter, report says Los Angeles Times, Dec. 21, 2009 The number of home foreclosures for a major sector of the banking industry topped 1 million for the first time in the third...
About one hour after hearing from Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development, which has seen loan volume skyrocket over the past year to account for about 24 percent of the mortgage origination market, a small group...
The newly appointed secretary for Housing and Urban Development used an appearance before some of the nation's real estate editors and writers to outline President Barack Obama's new proposal for regulating the financial industry as well as to...
As big banks on government life support — particularly Bank of America and Citigroup — continue to struggle amid rising fears that they are mortally wounded “zombie banks,” a growing chorus of industry leaders are calling for the...
FDIC foreclosure plan winning support: US Sen. Dodd Feb. 5, 2009, Reuters The chairman of the U.S. Senate Banking Committee said on Thursday that a proposal from Federal Deposit Insurance Corp Chairman Sheila Bair to reduce foreclosures is winning support...