Currently viewing the tag: "Department of Treasury"

The Department of Treasury released its report for July 2009 of mortgage servicers’ performance in performing loan modifications. The intent of these reports is to “shame” loan servicers into performing better. Any Massachusetts residents care to share their stories? MHA_public_report.pdf (application/pdf Object).

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July 28 (Bloomberg) — Mortgage servicers meeting with Obama administration officials pledged to step up the pace of loan modifications to keep more struggling homeowners from sliding into foreclosure, according to the U.S. Treasury. “Too many homeowners are at risk of foreclosure right now,” Treasury Secretary Timothy Geithner said in a statement today after talks [...]

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Remember that infamous meeting last October at the Treasury Department, the one where then-Secretary Henry Paulson locked the chief executives of the nation’s nine largest financial institutions in a room, and wouldn’t let them out until they agreed to accept billions of dollars in government bailout money — whether they wanted it or not? O.K., [...]

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