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A collection of news and information related to Office of the Comptroller of the Currency published by this site and its partners.

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    May 27, 2012 |Story| Los Angeles Times

  1. Federal Reserve uses YouTube to promote free foreclosure reviews

    It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm.
    It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm. As it turned out, so few borrowers responded that the...

    Tags: EMC Corporation, Federal Reserve, Loans, Financial and Business Services, Bank of America Corp.

    2. May 14, 2012 |Story| Los Angeles Times

  2. JPMorgan CEO may lose chairman post amid trading loss fallout

    NEW YORK — Jamie Dimon faces his toughest personal challenge yet in the aftermath of the bank's $2-billion trading loss — JPMorgan Chase & Co. shareholders might strip the charismatic chief executive of his post as board chairman.
    NEW YORK — Jamie Dimon faces his toughest personal challenge yet in the aftermath of the bank's $2-billion trading loss — JPMorgan Chase & Co. shareholders might strip the charismatic chief executive of his post as board chairman. With the...

    Tags: Central Bank, Companies and Corporations, Carl Levin, Timothy Geithner, Banking

    3. May 3, 2012 |Story| Los Angeles Times

  3. Analyst: Wells Fargo's 34% mortgage share troubles regulators

    Has Wells Fargo Home Loans grown uncomfortably large amid concerns over too-big-to-fail banks?
    Has Wells Fargo Home Loans grown uncomfortably large amid concerns over too-big-to-fail banks? The Wells Fargo & Co. unit has become so dominant in the mortgage business that federal regulators are worried,  according to veteran analyst Paul J. Miller of...

    Tags: Marketing, Federal Reserve, Citigroup Incorporated, JPMorgan Chase & Co., Finance

    4. May 3, 2012 |Story| Los Angeles Times

  4. Wells Fargo's mortgage dominance worries regulators and investors

    Wells Fargo & Co. has become so dominant in the mortgage business that major investors and federal regulators are worried that a financial hiccup at the giant bank could roil the already beleaguered real estate market.
    Wells Fargo & Co. has become so dominant in the mortgage business that major investors and federal regulators are worried that a financial hiccup at the giant bank could roil the already beleaguered real estate market. Wells originates 34% of all home...

    Tags: Banking, Federal Reserve, Services and Shopping, Loans, Bank of America Corp.

    5. Mar 11, 2012 |Story| Los Angeles Times

  5. Credit unions, banks grabbing a share of payday loan dollars

    Payday loans, for years a fixture in poor, working-class neighborhoods, are increasingly being offered by local banks and employee credit unions — triggering concerns by consumer groups that more Americans will be trapped in high-interest loans that could take years to pay off.
    Payday loans, for years a fixture in poor, working-class neighborhoods, are increasingly being offered by local banks and employee credit unions — triggering concerns by consumer groups that more Americans will be trapped in high-interest loans that...

    Tags: Money and Monetary Policy, Marketing, U.S. Consumer Financial Protection Bureau, Richard Cordray, Banking

    6. Dec 21, 2011 | Los Angeles Times

  6. Home foreclosures jumped in third quarter, federal report says

    Money & Company
    Home foreclosures: New home foreclosures jumped in the third quarter of the year, according to a report from the Office of the Comptroller of the Currency....
    7. Feb 15, 2012 |Story| Los Angeles Times

  7. Republicans criticize spending by new consumer bureau

    <a class=&quot;runtimeTopic" href="#">House Republicans</a> on Wednesday criticized spending by the Consumer Financial Protection Bureau, whose budget will increase by 26% in 2013 to $448 million, saying lawmakers have no say over how the agency doles out the money.
    House Republicans on Wednesday criticized spending by the Consumer Financial Protection Bureau, whose budget will increase by 26% in 2013 to $448 million, saying lawmakers have no say over how the agency doles out the money. “If they spend $100...

    Tags: Republican Party, Politics, Parties and Movements, Randy Neugebauer, Federal Reserve

    8. May 27, 2012 |Column| Tribune Media Services

  8. Is bankruptcy a better option than strategic default?

    Real Estate Matters
    Q: About a month ago, you wrote an article about strategic default options for underwater homeowners. I was surprised that you didn't mention bankruptcy with surrender as an option for underwater homeowners. Going beyond strategic default, there's a...

    Tags: Homes, Services and Shopping, Finance, Bankruptcy, Financially Distressed Companies

    9. May 18, 2012 |Story| Allentown Morning Call

  9. As ordered, Louis DeNaples quits bank board

    SCRANTON — Mount Airy Casino founder Louis A. DeNaples yielded to federal bank regulators and resigned from the board of First National Community Bancorp Inc., the bank revealed Thursday. DeNaples' resignation complies with an order from the...

    Tags: Mount Airy, Companies and Corporations, Federal Reserve, Community Bancorp Incorporated, Lackawanna County

    10. May 14, 2012 |Story| Los Angeles Times

  10. Key senator calls for hearings on JPMorgan trading loss

    Sen. Bob Corker, a Republican who serves on the Senate Banking Committee, has called for a hearing on the $2-billion trading loss by JPMorgan Chase &amp; Co., saying that &ldquo;policies are going to be derived out of what's happened.&rdquo;
    Los Angeles Times
    Sen. Bob Corker, a Republican who serves on the Senate Banking Committee, has called for a hearing on the $2-billion trading loss by JPMorgan Chase & Co., saying that “policies are going to be derived out of what's happened.” Corker, who...

    Tags: Jeff Merkley, Carl Levin, JPMorgan Chase & Co., Tim Johnson, Bob Corker

    11. Mar 15, 2012 |Column| Tribune Media Services

  11. Big pay cut doesn't necessarily rule out refinance

    Real Estate Matters
    Q: We would like to refinance our home. My husband's pay was cut by more than half. We currently have a 6 percent 30-year fixed rate mortgage. We have not missed a payment and we are not upside down in our home's value. Our current mortgage company...

    Tags: Homes, Television Industry, Services and Shopping, Mortgages, Chicago Mortgages

    12. Feb 23, 2012 |Column| Tribune Media Services

  12. 'Short sale hell' all too common

    Q: I am having a horrible time dealing with my mortgage lender (one of the big five that was just named in the $25 billion foreclosure settlement) in getting my short sale to close.
    Real Estate Matters
    Q: I am having a horrible time dealing with my mortgage lender (one of the big five that was just named in the $25 billion foreclosure settlement) in getting my short sale to close. I've done everything they've asked and required, signed all the...

    Tags: Foreclosures, Services and Shopping, Mortgages, Justice System, Financial and Business Services

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