| May 10, 2012 10:42AM This is the second of two parts ( Part 1: Prelude to HARP 3.0 as Donovan Testifies at Senate Hearing ) of a summary of a hearing of the Senate Banking Committee held Tuesday during which Secretary of Housing and Urban Development (HUD) Shawn Donovan spoke on a range of housing issues but particularly on efforts to streamline and remove barriers to refinancing. In addition to addressing the issue of "fundamental fairness" for borrowers, the plan also seeks to level the playing field among servicers... May 10, 2012 1:48PM Since the financial crisis banks have made considerable progress in repairing their balance sheets and building capital Federal Reserve Chairman Ben S. Bernanke told attendees at the 48 th Annual Conference on Bank Structure and Competition. Risk-based capital and leverage ratios for banks of all sizes have improved materially and the latest Comprehensive Capital Analysis and Review (CCAR) conducted earlier this year demonstrated, through a stress scenario that he described as quite severe, that...
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