Chris Arnold archive
Economy
Watchdog Says Fed Paid Too Much In AIG Bailout

November 17, 2009 The Federal Reserve could have paid less to banks that made risky deals with insurance giant AIG, a government watchdog reports. Treasury officials say the Fed was acting to avert a crisis and that it needs better financial regulatory tools.
Economy
Housing Advocate Takes Foreclosure Help On Tour

November 3, 2009 Bruce Marks has been running a nationwide tour to help people avoid foreclosure. Stopping in Las Vegas, Phoenix and San Francisco, the tour has managed to lower loan payments for nearly 100,000 homeowners so far.
Economy
Treasury Dept. Unveils Program To Fund Mortgages
October 20, 2009 Homebuyers could benefit from a program unveiled Monday by the Treasury Department. The goal is to provide hundreds of thousands of affordable mortgages for working families, and to allow the development or rehabilitation of tens of thousands of affordable rental properties.
Business
Small Businesses Squeezed As Banks Limit Lending

October 15, 2009 With U.S. unemployment near 10 percent, small businesses — which the government says created 64 percent of new jobs in the past 15 years — will need to play a major role in the recovery. But, as they try to gear up for the holidays, some owners — like The Chocolate Truffle's Carlo Bacci — say banks and credit card companies are stunting their growth.
Business
New Home Appraisal Rules Rankle Industry
September 28, 2009 Many real estate agents and home appraisers are complaining that new rules for appraisers are having an unintended consequence: a lot of bad appraisals. Many agents and mortgage brokers say problems are delaying sales and refinancings, and could be costing homeowners up to $3 billion each year.
Financial Crisis: One Year And Counting
Major Banks Still Grappling With Foreclosures

September 9, 2009 One year after the financial crisis hit, the foreclosure mess hasn't improved. Economists repeatedly have said that preventing foreclosures is good for the housing market and the economy. But despite a major effort by the Obama administration, many loan modifications aren't going through.
