Governor Rendell Announces the Passing of Lt. Gov. Catherine Baker Knoll Nov 13, 2008
" Knoll died Wednesday at approximately 6 p.m. at National Rehabilitation Hospital in Washington, D.C., where she was recovering from treatment for neuroendocrine cancer. She was surrounded by her family. Under the Pennsylvania Constitution, Knoll will be replaced as Lieutenant Governor by the Senate President Pro Tempore, Joseph B. Scarnati III (R-Jefferson). As lieutenant governor, Knoll played a vital role in addressing a variety of issues of critical importance to the people of Pennsylvania.... (PR Newswire)
California Focus: October surprise: Dems ignore Keating-McCain links Oct 29, 2008
In the course of the affair, McCain and four other senators became known as the "Keating Five" for attending multiple meetings with the head of the Federal Home Loan Bank Board and others, where there is no question McCain got an earful on Keating's schemes ... aufever wrote on Oct 28, 2008 3:57 PM:" The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s.... (Hanford Sentinal, CA)
LETTERS: NCT, Oct. 21, 2008 Oct 22, 2008
In 1935, the Federal Home Loan Bank Board (FHLBB) asked Home Owners' Loan Corporation (HOLC) to look at 239 cities and create "residential security maps" to indicate the level of security for real-estate investments in each surveyed city. Much like your car is insured, if theft or vandalizism is prevalent in your neighborhood, chances are you will pay more for insurance, than someone elsewhere. (North County Times)
Blame Accounting Alchemy for Market Evaporation: Amity Shlaes Oct 10, 2008
Right now on YouTube there's a video circulating about and his improper interventions on behalf of Lincoln and its chief, Charles Keating, in the 1980s at the Federal Home Loan Bank Board. McCain and four other senators were pressing the regulator to hold off on taking action against Lincoln. (Bloomberg -- Columnists)
A Feast of Termites Sep 25, 2008
The parallels with the failure of the Federal Home Loan Bank Board (FHLBB) during the Savings & Loan scandal is striking. There too regulators were placed in the position of encouraging expansion of the very firms they were suppose to regulate. (Suite101.com)
Bank: Bove Defamed Us Jul 22, 2008
The Federal Home Loan Bank Board in March put a blanket lien on most of its 6 billion in assets for a 1. 5 billion line of credit of which just 434. (New York Post -- Business)
Bank of America Corp. May 8, 2008
7 billion consists of advances from the Federal Home Loan Bank Board, which will be outstanding until paid off by Countrywide Bank. The balance of the debt is what is being spotlighted in this latest filing. (South Florida Business Journal, FL)
Countrywide Rating Cut to `Junk' By Standard & Poor's (Update4) May 4, 2008
7 billion in advances from the Federal Home Loan Bank Board, according to the bank. Bank of America said the credit lines will be paid when the merger is completed, while the advances will remain outstanding. (Bloomberg)
New housing start is a possibility May 2, 2008
Nash said the WIRC is trying to bridge the funding gap through the Federal Home Loan Bank Board. "There is a bank in the Quad-Cities that is willing to be a sponsor, and I'm looking for a bank here in Macomb," she told the board. (Macomb Journal, IL)
Intervention or a bailout? Mar 28, 2008
And this week, the Federal Home Loan Bank Board decided to lend an extra $100 billion to member banks for mortgage financing. In a speech this week, Clinton compared McCain's approach to that of Herbert Hoover, and said, "I don't think we can afford four more years of that kind of inaction." Obama, laying down his own marker on Thursday, declared that "the free market was never meant to be a free license to take whatever you can get.". (International Herald Tribune)
Letters to the Editor -- 3/14/2008 Mar 15, 2008
He was investigated by the Senate Select Committee on Ethics in 1991 regarding the acceptance of favors from Lincoln Savings Association and its owner, Charles H. Keating, Jr. The issue was whether McCain and the other senators used their official positions to attempt to pressure Federal Home Loan Bank Board officials to go easy on the troubled institution. Eventually Lincoln went bust, costing depositors and taxpayers hundreds of millions. (North County Times)
California focus Mar 7, 2008
What's significant here is that Keating's well-documented crookedness was not enough to end the friendship, even though McCain attended meetings about Keating with regulators and others right up to the level of Ed Gray, the head of the Federal Home Loan Bank Board. There can be little doubt McCain knew of the Ponzi-like schemes in which Keating took money from Lincoln Savings investors and used it on Arizona real estate deals, selling new bonds in American Continental to make payments on the... (Sonoma Index-Tribune, CA)
Hastert: McCain Always a Democratic Ally Feb 4, 2008
Dennis DeConcini of Arizona, Alan Cranston of California, and John Glenn of Ohio met with Ed Gray, chairman of the Federal Home Loan Bank Board (FHLBB) in April 1989. They met a second time, along with a fifth senator, Don Riegle. (Newsmax)
Personnel Announcement Jan 5, 2008
She also served as President of the Ohio County Auditors and Public Director of the Federal Home Loan Bank Board for the 5th District. Ms. Creighton attended Ohio University. (White House News Releases)
Fraud Flips To Fun Aug 15, 2007
He presided over the disaster as chairman of the Federal Home Loan Bank Board, the nation's chief thrift regulator. Yet today, flipping is not connected with fraud. (Multichannel News)
June Roundup Jun 27, 2007
This one was designed by Alex Pollock, a former president of the Federal Home Loan Bank Board of Chicago who is now a resident fellow at the American Enterprise Institute. Pollock's form, which presents the essentials of the mortgage, including monthly costs and principal loan terms, has the backing of Rep. (RealtyTimes)
Short-Form Disclosure Statement Gains Jun 20, 2007
Pollock, a former president of the Federal Home Loan Bank Board, has recommended that the form be given to borrowers three days prior to closing as "an important first step" in ensuring that they understand their obligations and responsibilities. As it is now, he said, borrowers are forced to navigate an overwhelming mortgage loan process that includes a huge stack of documents riddled with confusing language, in small print, presented just before closing. (RealtyTimes)
One Market, One Regulator? Jun 14, 2007
The congressmen want the Federal Reserve, the Federal Home Loan Bank Board and the National Credit Union Association to define unfair lending practices and mandate ways to prevent them, as the law states. "There clearly is the need for some new regulatory authority on the table," says Frank, adding that how this should be done remains to be resolved. (Forbes)
Preston Martin, 83; vocal former Fed vice chairman and S&L regulator Jun 1, 2007
Two years later, President Nixon named Martin chairman of the national S&L regulator, the Federal Home Loan Bank Board, which under Martin liberalized the rules for thrifts, allowing them to issue long-term certificates of deposit as well as passbook accounts and to write consumer loans in addition to mortgages. He plunged back into private business in 1972, founding PMI Mortgage Insurance, which he sold to Allstate Insurance, then part of Sears, Roebuck & Co. He stayed on to manage PMI and... (Los Angeles Times)
Ruma gets seat on Home Loan Bank board Apr 16, 2007
The Federal Home Loan Bank board has 10 directors elected by its member banks and six public interest directors. The newly appointed directors are. (Columbus Business First, OH)
New specialized housing to be unveiled Mar 26, 2007
Additional funding will be provided by the Federal Home Loan Bank Board, officials said. The CPC is also opening an new Trenton office Thursday. (The Trentonian, NJ)
Hyping His Stock Jan 9, 2007
Navellier, a former regulator with the Federal Home Loan Bank Board, agrees that anonymous Internet postings by a CEO are a "no-no." He calls Medifast "a bunny stock always hopping around.". In light of the latest developments, the bunny should be hopping frantically over the next few days. (SmartMoney)
