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Builders Push ‘Green’ to Stand Out in Foreclosure-Filled Market Sunday, July 17, 2011 @ 11:29PMIn the 20 years Ron Betenbough’s company has been building homes in west Texas, he’s always been willing to compete on price. Now, in a market crowded with cheap properties, he’s also touting environmentally friendly construction and energy-saving features.
Stamping out Pontiac’s blight tough for officials WITH VIDEO Sunday, July 17, 2011 @ 8:12PMChildren sat at shaded picnic tables, waiting for a lunch, during a sunny summer afternoon.
President Obama Announces Richard Cordray as Director of the Consumer Financial Protection Bureau Sunday, July 17, 2011 @ 4:16PMWASHINGTON – President Barack Obama will announce his intent to nominate Richard Cordray as the Director of the Consumer Financial Protection Bureau (CFPB). He will make the announcement at an event tomorrow at the White House.
SMALL-TOWN AMERICA IS WORRIED ABOUT MORE THAN OUR DEBT Saturday, July 16, 2011 @ 7:30PMMONROEVILLE, Ala. -- The drought is severe here and the weather miserably hot, with temperatures reaching triple digits frequently this summer. That's what occupies ordinary folk in my small hometown.My mom's friends and neighbors talk about the crops that are withering in the fields -- cornstalks turning brown, cotton seed too parched to sprout. They talk about Casey Anthony's culpability in ...
Census shows housing market in Gilbert is better than most Saturday, July 16, 2011 @ 9:51AMIn ordinary times, a housing-vacancy rate over 7 percent wouldn't be much to brag about.
Mortgage help for jobless Thursday, July 14, 2011 @ 7:57PMBut not all of those who are jobless and delinquent on their mortgages will qualify for assistance. The Department of Housing and Urban Development recently announced that starting Aug. 1 the minimum forbearance period on two anti-foreclosure programs will be extended to one year.
Heated exchanges mar beginning of Warren hearing Thursday, July 14, 2011 @ 2:05PMBy Theo Emery, Globe staff
Republicans grill Warren on mortgage limits Thursday, July 14, 2011 @ 12:57PMOne week before the controversial Consumer Financial Protection Bureau is launched, House Republicans again raise concerns that the agency will limit the kinds of mortgages and credit available to borrowers.
Push for higher down payments could stifle home sales, critics say Thursday, July 14, 2011 @ 10:05AMST. LOUIS _ Can you come up with $36,000, cash? If not, you may have a harder time buying a house before long,...
Fights between homeowners turning ugly Friday, July 8, 2011 @ 11:26PMThe Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and clubhouse were tidy, the lawns freshly snipped. Residents, push-carts in tow, walked to the beach, the bank, the beauty parlor, the cinema and the supermarket.
Prices increasing in local housing market Saturday, July 2, 2011 @ 9:46PMWhen housing prices increase, it can mean one of two things, said Linda Rausch, president of the Black Hills Association of Realtors: Either inflation is setting in, or the demand for homes has increased.
NEWS offers services 24/7 Wednesday, June 29, 2011 @ 6:39PMFrom left: Shea Hunter, Napa Emergency Women’s Services program director; Jennie Thayer, developmental director for NEWS; and NEWS Executive Director Tracy Lamb participated in the “1 in 3 Campaign” during last year’s candlelight vigil, which is held in October.
Inaccurate charges Monday, June 27, 2011 @ 5:26PMRe; Joyce Clark’s June 24 letter, “Time for a budget”: Clark’s letter made many charges, but the facts contradict them. First she claims corporate tax cuts create jobs and that huge taxes and regulations are eating up companies’ profits, causing them to leave the country.
Homeless children: The hard times generation Sunday, June 26, 2011 @ 6:19PMScott Pelley reports on the growing number of children who are falling victim to the financial crisis
Today's shutdown developments: No mediator, no senators | The Glean Thursday, June 23, 2011 @ 4:01PMAFTERNOON EDITION Today's shutdown developments: No mediator, no senators By Brian Lambert | Thursday, June 23, 2011 Among those covering today’s decision by Ramsey County Judge Gearin not to take up Gov. Dayton’s plea for a mediator in the budget dispute, including our Eric Black, is MPR’s Tom Scheck . He writes: “The motion was opposed by attorneys for both the House and Senate. ‘It just doesn ...
Nevada delegation’s concerns about Afghanistan drawdown muted Thursday, June 23, 2011 @ 2:21PMRepublican leaders reacted to President Barack Obama's speech announcing the return by this time next year of 33,000 troops from Afghanistan — about a third of the total fighting force — with pronounced trepidation.
Aussie Senate upholds home loans measures Thursday, June 23, 2011 @ 11:00AMAustralia's upper house Senate has supported the government's decision to ban home loan exit fees, despite opposition from some quarters, according to a Reuters report.
Government steps in to help OK foreclosures Wednesday, June 22, 2011 @ 6:18PMIt is a brand new, forgivable loan being offered through the U.S. Department of Housing and Urban Development. Over the past couple of years the housing market has been inundated with foreclosures. While it seems to have leveled off in some areas, there are many people still struggling to pay for their homes.
Gambling opponents feel left out of debate Wednesday, June 22, 2011 @ 6:02AMBOSTON -- With a deal to legalize casino gambling in Massachusetts appearing imminent, lawmakers are finding themselves at odds over the level of transparency the issue is being given.
West Side Alderman Picked to Meet Obama Thursday, June 16, 2011 @ 3:40PMAld. Jason Ervin (28th Ward) heads to the White House Friday to represent Chicago's West Side.
Home equity at lowest point since WWII Thursday, June 16, 2011 @ 3:27AMThe percentage of their homes that Americans own is near its lowest point since World War II, the Federal Reserve said Thursday. The average homeowner now has 38 percent equity, down from 61 percent a decade ago.
Begging for Change Thursday, June 16, 2011 @ 2:07AMCity council allots minimal funding for costly action plan on homelessness. by Louis Goggans With proper funding, every homeless person in Memphis will be offered a place to stay over the next decade, according to Mayor A C Wharton's Action Plan to End Homelessness. But so far, the plan is far from reaching its funding goal.… [ Read more ] [ Subscribe to the comments on this story ]
Homeowners Shift to 15-Year Loan Refinancing to Add Equity Thursday, June 16, 2011 @ 12:11AMCreditworthy homeowners with enough cash to lock in near record-low interest rates and shorten the length of their loans are growing in number
U.S. Homeowners Build Equity Faster in Refinancing Shift to 15-Year Loans Wednesday, June 15, 2011 @ 11:43PMWhile millions of U.S. homeowners have negotiated lower monthly mortgage bills in an effort to avoid foreclosure, Cecelia Kirchman happily added $250 to her payment when she refinanced last August.
Locating The Best Florida Foreclosure Property Wednesday, June 15, 2011 @ 9:58AMInvesting in Florida is a good idea because the area is considered as one of the best places where you can get good bargain foreclosure from. Florida foreclosure is fine properties that every investor should consider buying.
Former USS Cole commander stumps for open seat Wednesday, June 15, 2011 @ 9:19AMBy Mark Waite For Kirk Lippold, former commander of the USS Cole, the desire to run for the U.S. Congressional seat left vacant by U.S. Rep. Dean Heller came on Sept. 12, 2000 when he ran through the dark of his cabin, grabbed a 9 millimeter pistol and prepared to confront people boarding his ship[...]
Opinion: Suburban voters key for 2012 Friday, June 10, 2011 @ 9:15AMAlready the nation's most politically powerful places, the suburbs are growing more so -- and more complicated for both major parties as they prepare for next year's pivotal elections.
Home equity near record low Friday, June 10, 2011 @ 9:06AMWASHINGTON #8212; Falling real estate prices are eating away at home equity.
Americans' home equity falls to near record low Thursday, June 9, 2011 @ 11:00PMFalling home prices have shrunk equity so much that the proportion of their homes that Americans actually own is near its lowest point since World War II.
Fed releases bleak snapshot of U.S. housing market Thursday, June 9, 2011 @ 10:12PMWASHINGTON - The percentage of their homes that Americans own is near its lowest point since World War II, the Federal Reserve said Thursday.
U.S. home equity nears record low Thursday, June 9, 2011 @ 6:47PMThe percentage of their homes that Americans own is near its lowest point since World War II, the Federal Reserve said Thursday. The average homeowner now has 38 percent equity, down from 61 percent a decade ago.
Americans' equity in their homes nears a record low Thursday, June 9, 2011 @ 6:11PMHome values have fallen dramatically, so homeowners are losing equity although their loan balance is shrinking.
Obama Surreptitiously Keeping Promise to Bankrupt Coal Industry Thursday, June 9, 2011 @ 5:36PMCOMMENTARY | Remember that video that Newsbusters exposed back in 2008, the one where then Sen. Barack Obama told the San Francisco Chronicle that he planned on intentionally bankrupting the coal industry?
Americans' home equity nearing a record low Thursday, June 9, 2011 @ 5:27PMNew average of 38 percent equity falls from 61 percent 10 years ago
Earl Ofari Hutchinson: Romney Will Duel Obama on the Economy -- but Can He Win It? Tuesday, June 7, 2011 @ 3:11PMThe White House protests that it inherited the economic wreckage from the Bush administration and has prevented wholesale collapse through bail-outs, the stimulus, and spending cuts. This hasn't had much resonance with a majority of voters.
A Solution to the Underwater Mortgage Problem Tuesday, June 7, 2011 @ 9:32AMThis country is in the midst of a housing crisis — a devastating housing crisis reminiscent of the 1930s — and no one, not the government, not private industry, seems to be able to fix it. Well, there is a strategy out there that has quietly been proposed that could stop the bleeding, and incredibly no one seems to be talking about it.
Leo Hindery, Jr.: The "Debt Ceiling" Versus "Jobs Creation" Debate: Not the Time for a Mistake Tuesday, June 7, 2011 @ 9:10AMIt's important for the Obama White House, the 'Biden Group' and Democrats on Capitol Hill to stand firm for a budget deal that meets the demands of the middle class.
Housing market has persistent case of the blahs: Edward Glaeser Tuesday, June 7, 2011 @ 8:15AMThe seasonally adjusted S&P/Case-Shiller index of housing prices in 20 cities has now fallen for nine consecutive months, but before we get all hot and bothered about another collapse, we should recognize the relatively modest nature of the current double dip.
5 Tips for The First-Time Homebuyer Monday, June 6, 2011 @ 12:06PMIt's a new world for first-time homebuyers. Can you thrive in today's market?
Why Is the Government Better at Helping Banks Than Homeowners? Monday, June 6, 2011 @ 9:24AMThe government's myriad programs to stem foreclosures aren't working nearly as well as the programs that help banks. There's also a lot less money for homeowners. The New York Times reports that the top cause of foreclosure is now unemployment, not risky loans. Of the $46 billion of bailout money allocated to help homeowners avoid the worst-case scenario, just $1.85 billion has been given out ...
Insurance Woes of America Friday, June 3, 2011 @ 10:28AMGeorge Wilkins worked at a Tennessee automotive plant for 25 years before the plant closed, leaving him unemployed and his three children uninsured.
SIR #21: Retail Stocks Getting Whacked Friday, June 3, 2011 @ 9:53AM• Higher input costs are driving profit margins lower, leading to earnings disappointments. • Consumers continue to struggle with a difficult employment environment and a slow economic recovery.
Could Unemployment Numbers Cost Obama His Job? Friday, June 3, 2011 @ 9:27AMThe latest job numbers reveal the economic pain that continues to wrack Americans, and could complicate President Obama's 2012 reelection aims. As pressure increases from his party's liberal wing to refocus on job creation, the political environment is dominated by pressure to reduce the nation's debt.
Lobbying spurred risk before credit crash, study says Friday, June 3, 2011 @ 7:37AMBy CHARLES MEAD, MEDILL NEWS SERVICE Written for UPI WASHINGTON, June 3 (UPI) -- Financial firms that lobbied the federal government most on mortgage issues during the last decade also piled on the most risk, fueling a housing boom that eventually collapsed.
A bushel of Pinocchios for Palin Friday, June 3, 2011 @ 5:00AM“This Sunday, May 29th, Governor Palin and the SarahPAC team will begin a trip through our nation's rich historical sites, starting from Washington, DC, and going up through New England. The ‘One Nation Tour’ is part of our new campaign to educate and energize Americans about our nation's founding principles, in order to promote the Fundamental Restoration of America.”
Romney announces second bid for White House Friday, June 3, 2011 @ 1:58AMMitt Romney, the multimillionaire former governor of Massachusetts, has kicked off his second bid for the White House.
Romney opens presidential bid with pledge to balance budget Thursday, June 2, 2011 @ 6:04PMMitt Romney, the wealthy financial tycoon, ex-governor and failed presidential runner, stood in a New Hampshire hay field yesterday and announced that he is going to shoot for the White House one more time.
Romney Officially Launches 2012 Campaign Thursday, June 2, 2011 @ 5:46PMFormer Massachusetts Gov. Mitt Romney formally announced his second campaign for the White House Thursday, telling a crowd of supporters and journalists in New Hampshire that President Barack Obama has "failed America."
Double Dip in Housing; Could Double Dip Recession Be Next? Tuesday, May 31, 2011 @ 11:37PMYou know that $400,000 house you want to buy; offer them $350,000. If they don't take it now, they will soon enough. This chart from Business Insider shows what the Standard & Poor's Case-Shiller Index looks like on a graph chart: bad. National home prices are back to their 2002 levels,
April jobless numbers dip below 10 percent WITH VIDEOS Tuesday, May 31, 2011 @ 6:50PMOakland County and a growing number of Michigan’s 83 counties saw their unemployment rates dip below 10 percent in April, some for the first time in years.