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FHFA releases projections regarding financial performance of Fannie Mae and Freddie Mac

USA - October 21 2010 Today, the Federal Housing Finance Agency (FHFA) released projections of the financial performance of Fannie Mae and Freddie Mac (collectively the GSEs), including potential draws under the Preferred Stock Purchase Agreements (PSPAs) with the U.

BIS publishes consultative document regarding methodologies for aligning risk and performance with compensation

Global - October 14 2010 Today, the Bank for International Settlements published a consultative document entitled, "Range of Methodologies for Risk and Performance Alignment of Remuneration."

White House and others respond to foreclosure crises

USA - October 8 2010 Amid growing concern regarding the possible mishandling of delinquent mortgages, mortgage modifications, and foreclosures by certain financial institutions, the White House said yesterday that President Obama will veto legislation requiring states to recognize notarizations performed in other states.

CFTC holds open meeting on first series of proposed rules under Dodd-Frank Act

USA - October 1 2010 Today, the Commodity Future Trading Commission (CFTC) held an open meeting during which it introduced the first in a series of rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).

J.P. Morgan chase announces freezing of foreclosures

USA - September 30 2010 It is being widely reported in the press that J.P. Morgan Chase (J.P. Morgan) announced today that it will freeze some of its foreclosures, mirroring a similar announcement by Ally Financial Inc.’s GMAC mortgage unit (Ally) last week that Ally is suspending evictions and post-foreclosure proceedings.