treasury department

The Treasury Department has begun releasing a monthly foreclosure report card for the nation's major banks.

It tracks how they're implementing President Obama's "Making Home Affordable" plan. The latest report card shows that lenders have lowered loan payments for more than 360,000 people.

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The Treasury Department releases its first monthly "report card" tracking how the various banks and mortgage companies are doing in their efforts to prevent foreclosures.

The Obama administration is pressuring the mortgage industry to do more. The latest figures indicate foreclosure rates keep rising.

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The Treasury Department on Thursday rolled out details of the Legacy Securities Program. It's a federal program to dispose of toxic financial assets.

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The Treasury Department will allow 10 of the nation's largest banks to repay $68 billion in government investments made at the height of the financial crisis.

Some of those banks planning to repay the bailout funds are among the healthiest including: Goldman Sachs, JP Morgan Chase and Bank of New York Mellon.

But for Citigroup it is a different story.

Ten of the nation's largest banks have received a green light from the Treasury Department to repay $68 billion in government bailout money that they got during the height of the financial crisis.

The banks have been busy strengthening their balance sheets in recent weeks by raising private capital. Tuesday's move raises hope that the worst of the banking crisis is over.

The federal government has ordered some of the nation's largest banks to raise a total of $75 billion. The Treasury Department revealed the results of its so called "stress tests" to assess the health of the financial system.

Bank of America, Wells Fargo, Citigroup and others will be required to raise more capital.

I don’t think think this comes as a huge surprise, and it’s certainly disheartening.