| Jul 5, 2012 2:45PM The Office of Comptroller of the Currency has issued a spring 2012 Semiannual Risk Perspective covering national banks and federal savings associations. The report looks at the risks confronting those institutions and the potential that banks may take excessive risks as they try to improve profitability. The report says that as the banking industry continues to emerge from the recession and to adjust to shifts in its operating and regulatory environment these shifts are inducing large changes in... Jul 5, 2012 2:20PM The House Oversight and Government Reform Committee issued a report today on Countrywide Mortgage and its so-called VIP loan program which the committee said was "a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company. In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed [Freddie Mac and Fannie Mae]." This is the second report the...
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