Team Duckworth

While the market for distressed assets from the financial crisis may be the biggest since the savings & loan disaster of the 1990s, it is taking longer to develop and it may be next year before asset sales begin in earnest. A recent report by Ernst & Youn

The government’s overseer of the Troubled Asset Relief Program (TARP) issued a scathing report Wednesday in his regular quarterly assessment of the administration’s bailout efforts. TARP Special Inspector General Neil Barofsky lashed out at

Treasury Secretary Timothy Geithner says it’s time to close up shop on some of the core components of the government’s $700 billion Troubled Asset Relief Program (TARP). The Treasury secretary said Tuesday that he’s seen enough progress

2 Bedrooms, 1 Full/1 Half Bathrooms, 1672 Sq Ft., Price: $123,500, MLS#: 3839846, Spacious 4-level T.H with Dynamic vaults over Dining Room, gas fireplace, in living room & sunny southern exposure. Nice deck off dining room. Lower level walks out to patio. Outdoor pool to enjoy. Courtyard in front.

4 Bedrooms, 1 Full/1 Three-Qtr Bathrooms, 1775 Sq Ft., Price: $149,900, MLS#: 3848191, Open Kitchen & spacious vaulted Family room. 2 bdrms in lower level are non conf.- just needs closets- easy to install! 3/4 bath in lower level just missing tub.

Lenders efforts to help homeowners stave off foreclosure are intensifying, according to a new report released Wednesday by the Office of the Comptroller of the Currency (OCC). But the news isn’t all good – the banking regulator also said tha

The FDIC’s insurance fund, which protects consumers’ deposits, is heading for broke and according to the federal agency, it will stay that way until 2012. The FDIC is asking insured institutions to prepay three years worth of quarterly fees in

The Mortgage Electronic Registration Service (MERS), which was set up to facilitate the quick transfer of mortgages between lenders and the inclusion of the loans in mortgage-backed securities, may not hold water legally in foreclosure proceedings –

Gains in the prices of some formerly toxic assets may prompt banks to book some profit on positions they have already written down, but boards and auditors are likely to advise them to be cautious. Some executives point out the market for toxic assets is