office of thrift supervision

On July 9, 2009, the Office of Advocacy of the U.S. Small Business Administration submitted a comment on the proposed rulemaking on Registration of Mortgage Loan Originators.

The proposal is a joint rulemaking of the Office of Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, Farm Credit Administration and National Credit Union Administration.

Here is a recap of the top news items from this week on Wall Street: 1. Stocks slumped Thursday as S&P moved the U.K.'s ratings outlook to Negative.

The news sparked market-wide fears that the U.S. could soon be next. Selling pressure intensified as PIMCO's Bill Gross appeared on CNBC calling the U.S. and U.K.

"relative twins". While Gross does not believe this will happen, he sees increasing risks of such a possiblity. 2.

Regulators failed to realize the huge risk posed by the insurance giant’s credit default swaps and should have stepped in sooner, the Office of Thrift Supervision said.