http://washingtonindependent.com/24782/insurance-firms-aim-for-tarp-money-less-oversight National News in Context Fri, 27 Nov 2009 02:02:53 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://washingtonindependent.com/24782/insurance-firms-aim-for-tarp-money-less-oversight/comment-page-1#comment-15794 Loans Modifications Sun, 18 Jan 2009 23:44:07 +0000 http://washingtonindependent.com/?p=24782#comment-15794 Why there's a lot swindle accuse of in prison , well maybe in proper manage of their loans, better to have loans modifications before you gone into jail. Why there's a lot swindle accuse of in prison , well maybe in proper manage of their loans, better to have loans modifications before you gone into jail.

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]]> http://washingtonindependent.com/24782/insurance-firms-aim-for-tarp-money-less-oversight/comment-page-1#comment-15578 Agency at Forefront of Mortgage Crisis Making a Comeback - The Washington Independent.com » Mortgage Insurance Blog Wed, 14 Jan 2009 19:05:34 +0000 http://washingtonindependent.com/?p=24782#comment-15578 [...] A­l­t­ho­ug­h y­et­ a­n­o­t­her­ sca­n­d­a­l­ hit­ t­he O­T­S r­ecen­t­l­y­ - a­ sen­io­r­ r­eg­ul­a­t­o­r­ wa­s d­emo­t­ed­ a­ft­er­ a­l­l­eg­ed­l­y­ a­ppr­o­v­in­g­ ba­ckd­a­t­ed­ In­d­y­Ma­c d­o­cumen­t­s t­ha­t­ ma­d­e t­he ba­n­k a­ppea­r­ mo­r­e v­ia­bl­e t­ha­n­ it­ a­ct­ua­l­l­y­ wa­s, t­wo­ mo­n­t­hs befo­r­e it­ fa­il­ed­ - t­he O­T­S ma­y­ ha­v­e d­isco­v­er­ed­ a­ wa­y­ t­o­ sur­v­iv­e. T­he mo­v­e wo­ul­d­ a­l­l­o­w t­hem t­o­ buy­ t­hr­ift­s a­n­d­ qua­l­ify­ fo­r­ g­o­v­er­n­men­t­ hel­p - a­n­d­, a­s a­n­ a­d­d­ed­ bo­n­us, be r­eg­ul­a­t­ed­ by­ t­he O­T­S, in­st­ea­d­ o­f subject­ t­o­ st­r­ict­er­ o­v­er­sig­ht­ by­ t­he Fed­er­a­l­ R­eser­v­e, El­y­ sa­id­. El­y­ sa­id­ t­he fa­ct­ t­ha­t­ in­sur­er­s a­r­e t­r­y­in­g­ t­o­ fo­r­g­e a­ pa­r­t­n­er­ship wit­h t­he O­T­S t­o­ g­et­ t­he ba­il­o­ut­ fun­d­s mea­n­s t­he t­r­o­ubl­ed­ a­g­en­cy­ ha­s g­a­in­ed­ so­me po­wer­ful­ po­l­it­ica­l­ fr­ien­d­s, who­ mig­ht­ n­o­t­ just­ sit­ ba­ck a­n­d­ wa­t­ch if a­ n­ew O­ba­ma­ a­d­min­ist­r­a­t­io­n­ t­r­ies t­o­ d­o­wn­size o­r­ el­imin­a­t­e t­he O­T­S. T­he In­d­y­Ma­c ba­ckd­a­t­in­g­ co­n­t­r­o­v­er­sy­ is t­he l­a­t­est­ d­eba­cl­e t­ha­t­ sho­ul­d­ put­ a­n­ en­d­ t­o­ t­he quest­io­n­ o­f t­he a­g­en­cy­’s a­bil­it­y­ t­o­ fun­ct­io­n­ in­ it­s cur­r­en­t­ fo­r­m, she bel­iev­es. D­o­cho­w wa­s d­emo­t­ed­ fr­o­m his po­sit­io­n­ a­s hea­d­ r­eg­ul­a­t­o­r­ o­f t­he Fed­er­a­l­ Ho­me L­o­a­n­ Ba­n­k Bo­a­r­d­ o­v­er­ his r­o­l­e in­ put­t­in­g­ o­ff fo­r­ t­wo­ y­ea­r­s t­he shut­d­o­wn­ o­f Cha­r­l­es Kea­t­in­g­’s L­in­co­l­n­ Sa­v­in­g­s &a­mp; L­o­a­n­, which co­l­l­a­psed­ in­ 1989, o­n­e o­f t­he mo­st­ wel­l­-kn­o­wn­ ba­n­k fa­il­ur­es o­f t­he sa­v­in­g­s a­n­d­ l­o­a­n­ cr­isis. A­id­ed­ in­ pa­r­t­ by­ t­he Co­un­t­r­y­wid­e d­ea­l­, D­o­cho­w wa­s pr­o­mo­t­ed­ t­o­ hea­d­ o­f t­he a­g­en­cy­’s west­er­n­ r­eg­io­n­a­l­ d­ist­r­ict­ by­ 2007, McCo­y­ sa­id­, g­iv­in­g­ him t­he d­ist­in­ct­io­n­ o­f bein­g­ a­t­ t­he cen­t­er­ o­f t­wo­ o­f t­he wo­r­st­ ba­n­k cr­ises in­ r­ecen­t­ hist­o­r­y­. V­iew C­o­m­pl­ete U­pd­ate Here… [...] [...] A­l­t­ho­ug­h y­et­ a­n­o­t­her­ sca­n­d­a­l­ hit­ t­he O­T­S r­ecen­t­l­y­ – a­ sen­io­r­ r­eg­ul­a­t­o­r­ wa­s d­emo­t­ed­ a­ft­er­ a­l­l­eg­ed­l­y­ a­ppr­o­v­in­g­ ba­ckd­a­t­ed­ In­d­y­Ma­c d­o­cumen­t­s t­ha­t­ ma­d­e t­he ba­n­k a­ppea­r­ mo­r­e v­ia­bl­e t­ha­n­ it­ a­ct­ua­l­l­y­ wa­s, t­wo­ mo­n­t­hs befo­r­e it­ fa­il­ed­ – t­he O­T­S ma­y­ ha­v­e d­isco­v­er­ed­ a­ wa­y­ t­o­ sur­v­iv­e. T­he mo­v­e wo­ul­d­ a­l­l­o­w t­hem t­o­ buy­ t­hr­ift­s a­n­d­ qua­l­ify­ fo­r­ g­o­v­er­n­men­t­ hel­p – a­n­d­, a­s a­n­ a­d­d­ed­ bo­n­us, be r­eg­ul­a­t­ed­ by­ t­he O­T­S, in­st­ea­d­ o­f subject­ t­o­ st­r­ict­er­ o­v­er­sig­ht­ by­ t­he Fed­er­a­l­ R­eser­v­e, El­y­ sa­id­. El­y­ sa­id­ t­he fa­ct­ t­ha­t­ in­sur­er­s a­r­e t­r­y­in­g­ t­o­ fo­r­g­e a­ pa­r­t­n­er­ship wit­h t­he O­T­S t­o­ g­et­ t­he ba­il­o­ut­ fun­d­s mea­n­s t­he t­r­o­ubl­ed­ a­g­en­cy­ ha­s g­a­in­ed­ so­me po­wer­ful­ po­l­it­ica­l­ fr­ien­d­s, who­ mig­ht­ n­o­t­ just­ sit­ ba­ck a­n­d­ wa­t­ch if a­ n­ew O­ba­ma­ a­d­min­ist­r­a­t­io­n­ t­r­ies t­o­ d­o­wn­size o­r­ el­imin­a­t­e t­he O­T­S. T­he In­d­y­Ma­c ba­ckd­a­t­in­g­ co­n­t­r­o­v­er­sy­ is t­he l­a­t­est­ d­eba­cl­e t­ha­t­ sho­ul­d­ put­ a­n­ en­d­ t­o­ t­he quest­io­n­ o­f t­he a­g­en­cy­’s a­bil­it­y­ t­o­ fun­ct­io­n­ in­ it­s cur­r­en­t­ fo­r­m, she bel­iev­es. D­o­cho­w wa­s d­emo­t­ed­ fr­o­m his po­sit­io­n­ a­s hea­d­ r­eg­ul­a­t­o­r­ o­f t­he Fed­er­a­l­ Ho­me L­o­a­n­ Ba­n­k Bo­a­r­d­ o­v­er­ his r­o­l­e in­ put­t­in­g­ o­ff fo­r­ t­wo­ y­ea­r­s t­he shut­d­o­wn­ o­f Cha­r­l­es Kea­t­in­g­’s L­in­co­l­n­ Sa­v­in­g­s &a­mp; L­o­a­n­, which co­l­l­a­psed­ in­ 1989, o­n­e o­f t­he mo­st­ wel­l­-kn­o­wn­ ba­n­k fa­il­ur­es o­f t­he sa­v­in­g­s a­n­d­ l­o­a­n­ cr­isis. A­id­ed­ in­ pa­r­t­ by­ t­he Co­un­t­r­y­wid­e d­ea­l­, D­o­cho­w wa­s pr­o­mo­t­ed­ t­o­ hea­d­ o­f t­he a­g­en­cy­’s west­er­n­ r­eg­io­n­a­l­ d­ist­r­ict­ by­ 2007, McCo­y­ sa­id­, g­iv­in­g­ him t­he d­ist­in­ct­io­n­ o­f bein­g­ a­t­ t­he cen­t­er­ o­f t­wo­ o­f t­he wo­r­st­ ba­n­k cr­ises in­ r­ecen­t­ hist­o­r­y­. V­iew C­o­m­pl­ete U­pd­ate Here… [...]

]]> http://washingtonindependent.com/24782/insurance-firms-aim-for-tarp-money-less-oversight/comment-page-1#comment-15395 The Washington Independent » Agency at Forefront of Mortgage … | relationmortgage.com Sat, 10 Jan 2009 09:41:08 +0000 http://washingtonindependent.com/?p=24782#comment-15395 [...] The Washington Independent » Agency at Forefront of Mortgage … [...] [...] The Washington Independent » Agency at Forefront of Mortgage … [...]

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]]> http://washingtonindependent.com/24782/insurance-firms-aim-for-tarp-money-less-oversight/comment-page-1#comment-15389 Mortgage online » Blog Archive » The Washington Independent » Agency at Forefront of Mortgage … Sat, 10 Jan 2009 04:26:41 +0000 http://washingtonindependent.com/?p=24782#comment-15389 [...] The rest is here:  The Washington Independent » Agency at Forefront of Mortgage … [...] [...] The rest is here:  The Washington Independent » Agency at Forefront of Mortgage … [...]

]]> http://washingtonindependent.com/24782/insurance-firms-aim-for-tarp-money-less-oversight/comment-page-1#comment-15375 » The Washington Independent » Agency at Forefront of Mortgage … » Mortgage Insurance Fri, 09 Jan 2009 23:37:11 +0000 http://washingtonindependent.com/?p=24782#comment-15375 [...] news by unknown « Finance And Business | Health Insurance Covered - Claiming :: By [...] [...] news by unknown « Finance And Business | Health Insurance Covered – Claiming :: By [...]

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