Government Archive


Banks Lend Heavily to Insiders Amid Credit Crunch, Bailouts

Monday, March 23rd, 2009
RISMEDIA, March 24, 2009-(MCT)-Insider lending amid a credit crunch and bailouts is not as uncommon as many would believe, as banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy. ...
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Treasury Throws 5 Billion Dollar Lifeline to Auto Suppliers

Sunday, March 22nd, 2009
RISMEDIA, March 23, 2009-(MCT)-Adding to the growing list of economic sectors going under the protective wing of the Government, the Treasury Department announced that U.S. auto-parts suppliers will receive up to $5 billion in a taxpayer-funded revolving line of credit. ...
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Fed Takes Action to Bolster Lending

Thursday, March 19th, 2009
RISMEDIA, March 20, 2009-(MCT)-The Federal Reserve escalated its war on the nation's credit crisis, announcing that it would more than double the amount of money it will spend in the coming year in an aggressive effort to force down interest rates on mortgages - perhaps by as much as one percentage point - as well as other business and consumer loans. The move, which cheered the markets, is designed to keep money flowing through the economy's clogged credit arteries to foster economic recovery.
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A Lending Hand – HUD and DOT Announce Partnership to Promote Sustainable Communities

Thursday, March 19th, 2009
RISMEDIA, March 21, 2009-U.S. Department of Housing and Urban Development (HUD) secretary Shaun Donovan and U.S. Department of Transportation (DOT) secretary Ray LaHood announced a new partnership to help American families gain better access to affordable housing, more transportation options, and lower transportation costs. ...
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Small Businesses to Benefit as Credit Lines are Loosened

Wednesday, March 18th, 2009
RISMEDIA, March 19, 2009-(MCT)-As the economy continues to suffer and jobs are lost and business owners continually push to keep things moving forward so they are in the right place at the right time when the market turns, President Barack Obama is doing his job to help small businesses get on the right track. Working to jumpstart the economy's engine of job creation, Obama announced that the Treasury Department would spend up to $15 billion to boost lending to credit-hungry small businesses.
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HUD Awards $12 Million in Grants to Bring Jobs, Economic Independence to Public Housing Residents

Friday, March 13th, 2009
RISMEDIA, March 16, 2009-The U.S. Department of Housing and Urban Development (HUD) awarded nearly $12 million in grants to 207 public housing agencies across the U.S. to help public housing residents find jobs that lead them toward economic independence. ...
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Mortgage and Financial Markets Continue to Slow Housing Activity

Thursday, March 12th, 2009
RISMEDIA, March 13, 2009-The National Association of Home Builders (NAHB) told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007, and there is deep concern that these financial dislocations will increase the depth and length of ...
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Appraisal Institute Urges Congress to Address Feeble Oversight

Thursday, March 12th, 2009
RISMEDIA, March 13, 2009-In testifying before Congress yesterday, the Appraisal Institute told lawmakers that mortgage reform legislation is needed to address structural weaknesses in mortgage industry regulation. Calling current regulatory oversight "feeble," the Appraisal Institute called upon Congress to provide state and federal appraisal oversight agencies with greater enforcement power, ...
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