Topic: Barney Frank

The New York Times reported this morning 1-1-08 that a statewide investment pool for public funds in Florida has shut down due to investments in vehicles tied to subprime mortgages. CitiGroup, Bank of America and JPMorgan Chase apperared to have backed out ...

WASHINGTON (Reuters) - Representative Barney Frank introduced legislation on Friday to extend the National Flood Insurance Program through September, which would give Congress more time to fix the troubled program.The insurance program, important to more than 5 million homes and businesses in ...

WASHINGTON (Reuters) - The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.The new aid programs, ...

Gov't restates support for Fannie Freddie after lawmaker's comments rattle investors The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not ...

Key House member is working to improve loan modification program to reduce foreclosures A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce ...

It's the kind of prediction that can get a Vegas bookie's blood going: Name the date and time that the Dow will cross the 10,000 threshold. On Oct. 15, when the latest Consumer Price Index is announced - or not. On Oct. ...

The Washington Post had an article on bank overdraft fees yesterday that I think shows some limits to be inevitable at this point.. In addition to Rep. Maloney's longstanding support in the House for action on overdraft fees (supported by Financial Services ...

Banks make $38 billion a year from overdraft fees.. If you went to the ATM and tried to withdraw $100, but didn't HAVE $100, the transaction would be declined.. $1,000 in your account.. The bank will re-order the transactions so that the ...

WASHINGTON (Reuters) - The U.S. Congress on Tuesday sent President Barack Obama a housing rescue bill that aims to save 400,000 homeowners from foreclosure and will spend $2.2 billion on programs to aid the homeless.Lawmakers have spent weeks trying to hash out ...

WASHINGTON (Reuters) - The Obama administration opposes adding wind-damage coverage to the troubled U.S. flood insurance program, according to a letter by a senior official, obtained on Wednesday by Reuters, in a move that may bring to a close a long-running debate ...