Stimulus-funded USDA loan program lent to ineligible borrowers

By Laurel Adams

Roughly $10 billion in Recovery Act funds went to guarantee housing loans in rural areas, but an audit shows the program lent to a high numb

Need financial advice? Feds have 50 different financial literacy programs

By Laurel Adams

GAO counts more than 50 financial literacy programs across 20 agency, creating confusion and duplication

Tim Johnson — Senate Banking, Housing, and Urban Affairs Committee

By Josh Israel

As federal regulators begin to implement financial regulatory reform, Tim Johnson of South Dakota replaces retiring Sen. Chris Dodd in the h
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Farm credit regulator won't disclose enforcement actions against its banks

By Joe Eaton

As Congress negotiates a final version of financial reform, one group of lenders has already won a blanket carve out from increased bank reg

New appraisal rules lack enforcement

By Joe Eaton

Nine days before new rules radically changing the appraisal industry are set to take effect, appraisers, lenders and real estate agents are

Why is Andrew Cuomo shielding Fannie and Freddie?

By Joe Eaton

In 2007, New York State Attorney General Andrew Cuomo set out to investigate whether Fannie Mae and Freddie Mac purchased home mortgages bas
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16 cents on the dollar: Doing the math on Mozilo settlement

By Michael Hudson

In the end, Angelo Mozilo settled for pennies on the dollar. ...

Obama won't sign notary bill that might speed home foreclosures

By Michael Hudson

The White House announced this afternoon that President Barack Obama would not sign a bill to ease restrictions on interstate commerce, whic

Whistleblower: Fannie Mae bungled HAMP anti-foreclosure program

By Michael Hudson

Fannie Mae executives bungled their stewardship of the federal government’s massive foreclosure-prevention campaign, creating a bureaucratic

Main Street or Wall Street?

By Michael Hudson

In arguing against tougher regulation of car dealers, Kansas Republican Sen. Sam Brownback insisted they didn’t belong in the broad financia

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