U.S. Treasury Secretary Timothy Geithner said today that the U.S. economy is growing and the private sector is adding jobs, although the “enormous amount of damage” already done will likely keep the unemployment ...

In a move long sought by critics of the government’s foreclosure prevention program, U.S. Treasury officials today said principal writedowns to 115 percent of loan-to-value will be offered as an alternative mortgage ...

A greater emphasis on principal writedowns or limited forgiveness will mark new changes to the government’s much-criticized foreclosure prevention program in coming weeks as realization sets in that interest rate ...

The two most vocal Republican critics of President Obama’s foreclosure prevention program told U.S. Treasury Secretary Timothy Geithner in a letter that its mortgage modification reports were overstating results, ...

A new consumer protection ‘bureau” with sweeping authority over credit cards, mortgages and other financial products will be housed within the Federal Reserve but retain a degree of autonomy, according a new ...

The government’s primary foreclosure rescue program has permanently reduced the mortgage payments of 168,708 borrowers through February, the U.S. Treasury reported today. But the percentage of those eligible homeowners ...

In their bailout of GMAC, U.S. officials took some key missteps that may have resulted in higher taxpayer costs and an uncertain outlook for the financial services giant, according to the most recent report by the ...

Citigroup Chief Executive Vikram Pandit today thanked the U.S. government and American taxpayers for providing a vital $45 billion bailout infusion into the banking institution and reminded them of the 27 percent ...

In its controversial Christmas Eve announcement, the U.S. Treasury said the following on overhauling the housing finance enterprises of Fannie Mae and Freddie Mac after giving both of them unlimited credit lines ...

The question of the true success rate of the Obama Administration’s Home Affordable Modification Program is not being answered by the U.S. Treasury in its public reports, some lawmakers allege. And even housing ...