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The Latest
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Senators Want Law Enforcement, Regulators to Step Up Investigation of LIBOR Manipulation
In an effort to prevent possible banking fraud and restore integrity to our financial system, a key group of lawmakers is asking for a thorough, independent investigation into the London Inter-Bank Offered Rate (LIBOR) manipulation scandal and for any wrongdoing to be fully prosecut...
Posted on 7/12/2012 |Ben Bernanke, SEC, The Federal Deposit Insurance Corporation, Interest rates, Finance, Securities, Banking, Consumer Financial Protection Bureau, Commodity Futures Trading Commission, Loans, mortgage, Securities and Exchange Commission, Federal Reserve, LIBOR, Derivatives, Financial Stability Oversight Council, Department of Justice -
Reed Seeks to Help Responsible Homeowners Refinance
U.S. Senator Jack Reed today joined with Senators Robert Menendez and Barbara Boxer in introducing a bill to help millions of responsible homeowners refinance at lower rates and save thousands of dollars each year. “We need to fix the housing market and do everything w...
Posted on 5/10/2012 | -
RI to Receive Additional $634,000 in Foreclosure Prevention Funds
PROVIDENCE, RI - U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive an additional $634,342 in federal funding to continue providing housing counseling to struggling Rhode Islanders through NeighborWorks America’s National Foreclosure Mitigation Counseling (N...
Posted on 3/22/2012 | -
Reed Announces $239,000 in Housing Counseling Assistance
PROVIDENCE, RI - In an effort to help Rhode Islanders find suitable housing and avoid foreclosure scams, U.S. Senator Jack Reed (D-RI) today announced that Rhode Island is receiving $239,813 in federal housing counseling funds. Rhode Island Housing will receive $221,264 and the...
Posted on 3/16/2012 | -
Reed: RI to Receive Estimated $172 Million in Foreclosure Fraud Settlement
A $26 billion nationwide settlement with five major financial institutions accused of wrongfully foreclosing on borrowers is estimated to bring $172 million to Rhode Island homeowners affected by the banks' activities. The companies involved in the settlement are: Ally Fin...
Posted on 2/9/2012 | -
Reed Applauds New Moves to Help Revive the Housing Market and Help the Middle-Class
n an effort to help jumpstart the housing recovery and revitalize the economy, the Obama Administration today announced it is taking several steps strongly backed by U.S. Senator Jack Reed to reduce foreclosures and improve the Home Affordable Modification Program (HAMP). <...
Posted on 1/27/2012 | -
Senators Urge Innovative REO Rehab-to-Rent Strategy to Help Stabilize Housing
In an effort to boost the economy, create jobs, and stabilize neighborhoods, 33 U.S. Senators are asking the Obama Administration and the Federal Housing Finance Agency (FHFA) to swiftly develop an efficient and effective real estate owned (REO) management strategy to make...
Posted on 10/27/2011 |mortgage, REO, Housing, FHFA, Treasury Department, Federal Housing Finance Agency, Banking, Real Estate Owned, Federal Housing Administration, HUD, Freddie Mac, Department of Housing and Urban Development, Fannie Mae, Housing and Urban Development, Foreclosure, mortgage, REO, Housing, FHFA, Treasury Department

