Congressional Panels Attack Federal Reserve, Treasury
The House Financial Services Committee voted, 43-26, to approve a measure sponsored by Rep. Ron Paul (R-Texas), vociferously opposed by the Fed, that would direct the congressional Government Accountability Office to expand its audits of the Fed to include decisions about interest rates and lending to individual banks… Read More

FDIC May Tie Underwriter, Rater Pay to Asset-Backed Performance
The Federal Deposit Insurance Corp. may force underwriters and raters of asset-backed securities created by banks to be compensated based on the bonds’ performance… Read More

Analysis: With FHA’s Help, Easy Loans in Expensive Areas
In its efforts to prop up a shattered housing market, the government is greatly extending its traditional support of real estate, including guaranteeing the mortgages of middle-class and even upper-class buyers against default… Read More

Bank of America to Sell Commercial Mortgage Debt
Bank of America Corp. plans to sell $460 million of securities backed by commercial real estate without relying on a U.S. program to aid lending… Read More

Fremont Creditors Win Approval of Disclosure Statement
Unsecured creditors of mortgage lender Fremont General Corp. have won bankruptcy court approval of the disclosure statement for their chapter 11 plan, overcoming a late burst of objections from equity-holders and banks… Read More