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WASHINGTON STATE MAN SENTENCED TO 25 YEARS FOR ORCHESTRATING FORECLOSURE-RESCUE SCHEME Thursday, July 14, 2011 @ 8:42PMLOS ANGELES – July 14 2011 - A Tacoma, Washington man was sentenced today to 25 years in federal prison for running a scheme that defrauded owners of distressed Southern California homes by promising to prevent foreclosure through the paying off of their mortgages, but in reality doing no more than sending their lenders fake notes, totaling $55 million, that were supposedly backed by Treasury ...
JPMorgan profit rises, loan book grows Thursday, July 14, 2011 @ 6:14PMNEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.
GOP leaders split on debt ceiling Thursday, July 14, 2011 @ 6:11PMWe have a representative democracy. When did our elected officials stop representing me? The entire debt-ceiling debate is a good example [“Ingrained with politics, down to basics on debt ceiling,” News, July 14]. The people, business, the lobbyists all want the debt ceiling raised.
UPDATE 7-JPMorgan profit rises, loan book grows Thursday, July 14, 2011 @ 4:11PM* Q2 EPS $1.27 vs Wall Street view $1.21 * Profit lifted by lower costs for bad loans * CEO Dimon: Time still needed to cure mortgage problems * Shares up 1.8 percent at close (Adds sale of 30-year bond, ...
McEntee: Note to Congress — go back to the table Wednesday, July 13, 2011 @ 8:28PMMcEntee: Note to Congress — go back to the table By peg mcentee Tribune Columnist Published Jul 13, 2011 05:55PM MDT There are times when you just want to shake Congress by the lapels and say, “Grow up.” The United States is facing a default on its debts unless President Barack Obama and his Democratic backers can persuade mostly Republican members of Congress to raise the debt limit, as has ...
Guest opinion: 90-day law will help homeowners Wednesday, July 13, 2011 @ 5:38PMGov. Rick Snyder has signed Senate Bill 398 into law, extending Michigan’s 90-day, pre-foreclosure negotiation law for six months.
Housing Market Improving Despite Foreclosures Wednesday, July 13, 2011 @ 4:38PMHome sales and housing starts began turning up in early 2009, according to the State of the Nation s Housing report from the Joint Center for Housing Studies of Harvard University. First-time buyers and government help drove an increase in existing home sales, while record foreclosures continued.
Republican National Committee's ad says there are 2 million fewer jobs since Obama took office: PolitiFact Ohio Wednesday, July 13, 2011 @ 10:37AMThe RNC commercial includes a half-dozen figures to underscore its argument that President Obama's policies are killing the economy.
Money $marts: The home seller squeeze Wednesday, July 13, 2011 @ 9:22AMBuyer profligacy, banker minimal credit standards and government home ownership promotional policies combined to create the housing bubble that burst two years ago, devastating the economy. The housing sector wreckage remains a huge drag on the recovery with little that can be done to turn it around.
County passes property tax increase Wednesday, July 13, 2011 @ 8:23AMDeKalb residents will be paying more in county taxes. A 4.35-mill increase became official after several months of wrangling by the county’s Board of Commissioners and CEO Burrell Ellis’ administration.
Black America vs. Obama? Tuesday, July 12, 2011 @ 2:00AM"The Disappearing Black Middle Class" ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering.
Underbanked and Unbanked Consumers in the U.S.: Successfully Targeting Consumers of Alternative Financial Services Monday, July 11, 2011 @ 3:56AMReportlinker.com announces that a new market research report is available in its catalogue:
Perry's "Texas Miracle" Isn't All It's Cracked Up To Be Friday, July 8, 2011 @ 11:15AMTexas Gov. Rick Perry’s shadow run for the White House rests on expansive claims that the Lone Star State’s economy has done better than the rest of the country through the Great Recession.
Jon Huntsman’s Clintonian dodge on government bailouts Thursday, July 7, 2011 @ 2:16PMQuestioned by a New Hampshire voter Monday about the government’s $700 billion bailout for Wall Street, President Barack Obama’s former Chinese Ambassador Jon Huntsman dodged the question in a style much like that of former President Bill Clinton.
Signs of economic hope for Obama Wednesday, July 6, 2011 @ 4:12PMSigns of economic improvement could bolster President Barack Obama's re-election hopes as he tries to beat back Republican attacks over his failure to create enough jobs.
Obama cites progress in deficit reduction talks Wednesday, July 6, 2011 @ 12:10PMThe White House is counting on Republican lawmakers to support new tax revenues as part of an overarching plan to reduce long-term deficit and pave the way to increase the government's borrowing authority.
RNC Launches New Television Ad 'Change Direction' Wednesday, July 6, 2011 @ 10:30AMContact: RNC Press Office: +1-202-863-6814
First Thoughts: Six things we've learned in the debt talks Wednesday, July 6, 2011 @ 8:30AMIn advance of Thursday’s White House meeting to resolve the stalemate in the debt talks, we've learned that Obama and Speaker Boehner share a goal to prove they can get a 'big' deal done.
Florida Land of the State Tax-Free, Home of the Balanced Budget Brave Tuesday, July 5, 2011 @ 3:40PMCOMMENTARY | On Feb. 7, Gov. Rick Scott kept his campaign promise to "hold government accountable." He constrained entitlements and cut government spending, as well property owner and corporate taxes. The problems are three-fold, namely state entitlement recipients, public sector union members and the politicians who protect their interests to score political points.
The Great Misdiagnosis Thursday, June 30, 2011 @ 1:51PMImagine a doctor who administers an elaborate treatment for a man suffering from multiple broken bones, joint arthritis, and fallen foot arches. The quack doctor orders massive amounts of liquids as though he has a horrible case of dehydration.
Pimcos Simon: There Was Never a Housing Recovery Thursday, June 30, 2011 @ 1:05PMBearish outlooks on housing arent hard to find these days, but one stands out even for this market.
The man behind ‘titanic’ reform Wednesday, June 29, 2011 @ 6:59PMMiami-Dade voters closed Tuesday an almost epic cycle launched by a citizen in his Coral Gables home’s studio with only a telephone line and an Internet connection.
Fitch Affirms Cape Coral, FL's Outstanding Special Assessment Debt; Outlook Stable Wednesday, June 29, 2011 @ 11:29AMNEW YORK--(BUSINESS WIRE)--Fitch Ratings takes the following rating action on Cape Coral, FL's (the city) revenue bonds as part of its continuous surveillance effort: --Approximately $149.8 million in wastewater and irrigation water refunding assessment bonds and utility improvement assessment bonds, series 2005 (Southwest 2), 2006 (Southeast 1), 2007 (Southwest 4), and 2007 (Southwest 5 and ...
U.S. economy on slow-growth road, IMF says Wednesday, June 29, 2011 @ 11:12AMInflation prospect’s downplayed as International Monetary Fund staff pegs GDP growth at sub-3% for both this year and next — and puts in a plug for Congress and the White House to raise the U.S. debt ceiling forthwith.
Consumers’ confidence down in June on job worries Wednesday, June 29, 2011 @ 6:15AMNEW YORK — If you’re a U.S. consumer, why would you be confident?
US consumer confidence unexpectedly declines in June on job worries Tuesday, June 28, 2011 @ 8:05PMNEW YORK, N.Y. - Consumer confidence fell to a seven-month low in June on continuing worries about high unemployment and stagnating wages, following a string of bad news that threatens the painfully slow U.S. economic recovery. The Conference Board's consumer confidence index slipped to 58.5 in June
Consumer Confidence Drops In June Tuesday, June 28, 2011 @ 2:30PMConsumer confidence fell to seven-month low on continuing worries about high unemployment and stagnating wages.
Gazette.Net: Frederick Community Action Agency asks for private donations Tuesday, June 28, 2011 @ 2:01PMThe Frederick Community Action Agency has set a fundraising goal of $150,000 to make up for budget cuts to programs that help the elderly, sick, low income and those down on their luck.
Good News: Home Prices Mixed Tuesday, June 28, 2011 @ 12:17PMThe C-10 rose an ever-so-slight 0.01% on a seasonally adjusted basis.
Patrick assures support for recovery efforts Tuesday, June 28, 2011 @ 11:34AMSPRINGFIELD — Speaking at two events in downtown Springfield on June 21, Gov. Deval Patrick delivered an assurance that his administration will support the re-building of communities affected by the tornado.
Blog » Movie Cricket Tuesday, June 28, 2011 @ 10:50AMNew York • If you’re a U.S. consumer, why would you be confident? Following a string of bad economic news, consumer confidence plunged to a seven-month low in June on continuing worries about high unemployment and stagnating wages, according to a report released Tuesday by a private research group.
Budget breakdown: Coping with property tax pain Monday, June 27, 2011 @ 12:13AMIn 2002, the city valued Corinne Becker’s duplex in Northeast Minneapolis at $234,000. She paid $1,926 in property taxes.
Town of Westport revenues booming Sunday, June 26, 2011 @ 2:11PMTown Clerk Patricia Strauss is seen here pulling up information on revenue collection by the Town Clerk's Office for this fiscal year in comparison to last year.
Assemblywoman Kristin Olsen voices disappointment with state Thursday, June 23, 2011 @ 2:12AMAssemblywoman Kristin Olsen, representative for the 25th state assembly district, stressed big changes need to be made in the way state government functions June 16 in Ahwahnee.
Stormwater slackers Thursday, June 23, 2011 @ 2:11AMThose who haven't paid fees include rich, poor and at least one politician. by Pam Zubeck All seems well at Pine Creek Golf Course in north Colorado Springs. Its lush grass is bordered by rows of golf carts, and the pro shop is well-stocked.… [ Read more ] [ Subscribe to the comments on this story ]
Bad loans can make bad lawns Wednesday, June 22, 2011 @ 12:59PMThe former home of Dorothy Brading, a Columbia Falls pioneer, is apparently abandoned and the grass is now knee high.
Daniel Cluchey: Freedom's Just Another Word for Nothing Else to Say Wednesday, June 22, 2011 @ 12:01PMBarack Obama is not Franklin Roosevelt. What unites the two men are the ideas that have obstructed them, those tired, feverish allegations that so often clutter the road to prosperity.
Naperville home sales down from same time last year Wednesday, June 22, 2011 @ 11:58AMA report issued in mid-June by the Illinois Association of Realtors said that home sales throughout Illinois have increased each of the last four months, suggesting that the sluggish real estate market is slowly beginning to recover.While local Realtors and associations in Naperville say buyer activity has shown improvement throughout the spring, it hasn’t translated as yet into “sold” signs ...
CoreLogic® Reports Shadow Inventory Continues to Decline Wednesday, June 22, 2011 @ 8:30AMCoreLogic , a leading provider of information, analytics and business services, reported today that the current residential shadow inventory as of April 2011 declined to 1.7 million units, representing a five months' supply.
YSU 101: There’s always money Saturday, June 18, 2011 @ 11:56PMThere’s a lot to like about Youngstown State University, and I continue to discover more likes
City bets millions on Johnston Square Saturday, June 18, 2011 @ 7:53PMRehab costs, strategy questioned amid push to revive blighted E. Baltimore area More than $30 million in housing investment, much of it public, is under way or planned for Johnston Square, a neighborhood below Green Mount Cemetery where islands of homeownership are surrounded by vacant lots and empty or run-down houses. Baltimore's housing chief calls it a "loss leader," but some question ...
106 Lake County churches seek gaming veto Saturday, June 18, 2011 @ 3:18PMA coalition of 106 churches in Lake County has signed a petition that has been sent to Gov. Pat Quinn, urging him to veto the casino expansion plan.Carl “Spark” Ball, executive director of Love in the Name of Christ of Lake County, a Gurnee church, said some studies indicate that for every dollar that’s generated in taxes from gambling, there is $3 in social costs, such as increased crime and ...
Who won the Republican debate? | Stewart J Lawrence Wednesday, June 15, 2011 @ 9:38PMMitt Romney emerged well from the GOP's New Hampshire 'group hug', but Michele Bachmann upstaged them all It wasn't a political debate – it was a "love-in". And if you're former Minnesota Governor Tim Pawlenty, desperate for an opening against GOP presidential frontrunner Mitt Romney, sometimes too much love can be bad for you. Despite the predictions of some, myself included, that the second ...
Would Lake County casino be a boon or merely spur social costs? Wednesday, June 15, 2011 @ 2:49PMWill a casino have a positive effect on the economy of Lake County? The answer depends on who you ask. A gambling expansion plan that recently passed both Houses of the General Assembly and is awaiting the governor’s signature would create five new casinos in Illinois, including one in Park City in northeastern Lake County. Supporters of the bill, including State Sen. Terry Link, D-30th, of ...
Investor Beware: 5 Financial Innovations to Avoid Wednesday, June 15, 2011 @ 12:09PMThere's a dark side to all the advances we've made in money management.
Atlanta-Area County Plans Tax Increase to Fix Finances Wednesday, June 15, 2011 @ 10:58AMCommissioners of DeKalb County , an Atlanta suburb that lost its Standard & Poor’s bond rating in March, proposed raising property taxes to rebuild its finances.
Chao: Protect Americans' retirement assets Tuesday, June 14, 2011 @ 8:20PMChao: Protect Americans' retirement assets
Lehigh Valley home sales fall 24 percent from year-ago levels Tuesday, June 14, 2011 @ 6:02PMLehigh Valley home sales fell nearly 24 percent last month from year-ago levels, according to a report , while prices also dipped. The latest figures from the Lehigh Valley Association of Realtors shows a housing market lagging compared to spring 2010, when sales were temporarily driven up by government tax credits.
San Diego home prices, sales fall from one year ago Monday, June 13, 2011 @ 1:01PMUPDATED: The decline follows the same downward trend seen throughout Southern California, which remained in record-low sales territory last month.
City Council Gives Jacobs’ Balboa Park Plan The Cold Shoulder Thursday, June 9, 2011 @ 12:24PMThe San Diego City Council looked a gift horse in the mouth when it refused to support a Balboa Park renovation plan that’s backed by wealthy philanthropist Irwin Jacobs.