Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (12/12/2007)
* WASHINGTON (12/13/07)--Progress reports on the Treasury Department’s loan modification plan are scheduled to be released to the public in January, but details regarding how that information will be reported are unclear. Some industry representatives have stated they will report data on a monthly basis. But they haven’t decided who will report or how the reporting will take place (American Banker Dec. 12). When the Treasury announced its plan encouraging loan servicers to report loan modifications, the American Securitization Forum recommended 28 metrics to guide servicers. The Hope Now alliance, which is leading the data collection, is using the forum’s criteria. The progress reports will likely center on how many people did or did not receive help with their modifications, and what happened to those who didn’t, said William Longbrake, a Washington Mutual vice chairman and policy adviser to the Financial Services Roundtable …


RSS





print
News Now LiveWire
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
5 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
5 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
5 hours ago
Ditch monthly subscriptions to save $$, @YoungFreeMI Fielder tells @freep http://t.co/TFnsps4Dui #ASW2015
5 hours ago
.@federalreserve extends comment period for capital surcharges on systemically important U.S. bank holding cos. http://t.co/MOJJBn9DfA
7 hours ago