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Subprime crisis still grips boro, Comrie says Wednesday, March 10, 2010 @ 6:58PMCity Councilman Leroy Comrie (D-St. Albans) told St. John’s University students last week that he still is fighting predatory lenders in the wake of a subprime mortgage crisis that has caused thousands of borough residents, especially in southeast Queens, to lose their homes.Unscrupulous lenders are continuing to push...
Utah foreclosures soar Wednesday, March 10, 2010 @ 6:55PM The pace of foreclosure-related filing nationally may finally be slowing down, but in Utah the rate continues to increase dramatically. RealtyTrac Inc.
Is Utah headed for a commercial real estate crisis? Wednesday, March 10, 2010 @ 6:40PMThe Congressional Oversight Panel recently sounded the alarm for another mortgage crisis, this time among the country's retail and office buildings. But does that mean foreclosures in the commercial real estate market deliver another sting from the recession?
Peninsula housing coming to life Wednesday, March 10, 2010 @ 6:00PMBuyers are beginning to bid against each other on modest but good-quality homes at the lower end of the Peninsula real estate market. The housing market was battered in the wake of the 2008 subprime loan crisis, when a rash of foreclosures and a worldwide credit shortage drove down overinflated real...
2 Residents Put Name In For Democratic Lt. Governor Wednesday, March 10, 2010 @ 5:38PMMt. Prospect residents Benjamin Jaffe and John Barry are throwing their hats into the ring for the Democratic lieutenant governor nomination after Scott Lee Cohen dropped out last month from pressure from party members after scandals in his personal life were publicized.
Trotwood mayor seen  as a consensus builder Wednesday, March 10, 2010 @ 5:00PMTROTWOOD — As Trotwood’s new mayor Joyce Sutton Cameron does not believe she is assuming her role amid controversy with her predecessor’s resignation.Instead, Cameron said Darreyl D. Davis’ abrupt resignation should not cast a cloud over her city. Davis was reprimanded by a state Office of Inspector General report detailing how he conducted city and personal business when he was to be working ...
Rev. Lang: The real war Wednesday, March 10, 2010 @ 4:37PMOK, here’s what I don’t comprehend. The richest 400 Americans have more wealth than 155 million Americans combined. And had we taxed those 400 Americans at the same rate as they were taxed in 1995, an additional $18 billion would have come into the federal budget.
Fitch Rates Cobb County, Georgia's $113.5MM TANs 'F1+'; Affirms GOs at 'AAA' Wednesday, March 10, 2010 @ 3:46PMNEW YORK----Fitch Ratings takes the following actions on Cobb County, Georgia's :
First PacTrust Bancorp, Inc. Announces 4th Quarter and Year End Results March 10, 2010 Wednesday, March 10, 2010 @ 3:36PMFirst PacTrust Bancorp, Inc. (Nasdaq: FPTB), the holding company for Pacific Trust Bank ("the Bank”), announced results for the year and fourth quarter of 2009.
James Boyce: Obama's $1,000 Homeowner Assistance Joke Tuesday, March 9, 2010 @ 1:43PMThe headline is certainly promising. Program Will Pay Homeowners to Sell at a Loss Is President Obama and the administration and Washington in the broader...
Crawling out of the hole Monday, March 8, 2010 @ 11:12PMThe baby bull market is a year old today, but many investors are still holding back, waiting to see if it will keep moving forward. History suggests it will.
U.S. Record $71M Spent at REDC Foreclosed Auctions Over The Weekend Monday, March 8, 2010 @ 1:13PMWeekend's take included a national online auction at REDC's web site, www.Auction.com, which generated a record $43.2 million as 1,098 foreclosures were made available to the public.
Some cities bet casinos would boost economy Monday, March 8, 2010 @ 1:05PMLANSING: Jobs are hard to come by in Benton Harbor, a recession-ravaged town of 10,800 on the Lake Michigan shoreline. The city has lost more than 15 percent of its population in the last two decades. The local government's budget situation is so bad the state might appoint an emergency financial manager.
Some MI cities bet casinos would boost economy Sunday, March 7, 2010 @ 6:15PMLANSING, Mich. (AP) — Jobs are hard to come by in Benton Harbor, a recession-ravaged town of 10,800 on the Lake Michigan shoreline. The city has lost more than 15 percent of its population in the last
Why The 2010 U.S. Census Costs 20,000 Percent More Than 1790's Did Sunday, March 7, 2010 @ 3:25PMBenjamin Franklin, father of the first U.S. census - which cost $44,000 in 1790 - famously said that “a penny saved is a penny earned.” Were he alive today, Franklin might have a less flattering saying for the bureaucrats running the 2010 census, which is costing taxpayers $15 billion - and rising.
Plain Dealer wins design awards; business reporter also recognized Sunday, March 7, 2010 @ 9:11AMThe paper places in the top 10 in the Society for News Design's 31st annual Best of Newspaper Design Creative Competition.
Some Mich. cities bet casinos would boost economy Sunday, March 7, 2010 @ 7:50AMLANSING — Jobs are hard to come by in Benton Harbor, a recession-ravaged town of 10,800 on the Lake Michigan shoreline. The city has lost more than 15 percent of its population in the last two decades. The local government's budget situation is so bad the state might appoint an emergency financial manager.
Foreclosure Auctions are Red Hot as Nation’s Leading Real Estate Auction Company REDC Rolls into Atlanta Saturday to ... Friday, March 5, 2010 @ 12:41PMREDC has auctioned a U.S.-leading 5,705 properties for $322 million so far this year (PRWeb Mar 5, 2010) Read the full story at http://www.prweb.com/releases/2010/03/prweb3692264.htm
UPDATE 2: Foreclosure crisis could move to commercial loans Friday, March 5, 2010 @ 12:16PMAt a time when many financial analysts are debating whether the economy has turned the corner: another issue could be brewing.
Real Estate ETFs Need Jobs Boost Friday, March 5, 2010 @ 11:55AMThe housing market is much weaker than expected and the only way to fix this is through stabilizing the labor markets.
Foreclosure Auctions are Red Hot as Nation’s Leading Real Estate Auction Company REDC Rolls into Atlanta Saturday to ... Friday, March 5, 2010 @ 11:28AMREDC has auctioned a U.S.-leading 5,705 properties for $322 million so far this year
Federal program could help fund development projects in Schuylkill County Thursday, March 4, 2010 @ 3:22AMSchuylkill County will soon be classified as a "recovery zone" that could see millions of dollars in bonds for development. As part of last year's American Recovery and Reinvestment Act, local governments can designate their area as a recovery zone. For
Like A Bad Penny, Goldman Always Turns Up Thursday, March 4, 2010 @ 2:46AMPushing toxic pieces of paper around is not our idea of innovation and progress.
Will housing foreclosure rate begin to slow? Thursday, March 4, 2010 @ 2:05AMAlthough the number of local foreclosures filed last month were just slightly lower than the month before, some believe the nation's housing market is beginning to turn around.
Builders say money provided much- Thursday, March 4, 2010 @ 12:19AMAt age 63, Blake Diehl has worked for HRI Inc. of State College for four decades, building and repai
Pending Home of U.S. Existing Sales Probably Climbed in January Thursday, March 4, 2010 @ 12:17AMMarch 4 (Bloomberg) -- The number of contracts to buy previously owned U.S. homes probably rose 1 percent in January for a second month, showing the extension of a tax credit is sparking limited interest, economists said before a private report today.
Letters to the editor: March 4, 2010 Wednesday, March 3, 2010 @ 8:10PMHere are letters to the editor for March 4, 2010:Letter of the Day: Worked for usEditor, Daily News:I think it’s time for Collier County officials to revisit twice-weekly trash pickup.There is an opportunity for substantial savings as well as reducing pollution by going to once a week.Our recycle container has four times the volume of the trash container.I served on a council for four years in a ...
Public trustee aims for move to county treasurer Wednesday, March 3, 2010 @ 6:32PMParker resident Dianne Bailey announced her plan to run for Douglas County treasurer, little more than three years after she was appointed public trustee.
Soapbox Wednesday, March 3, 2010 @ 6:04PM2010-03-04
Census predicts fall in response rate Wednesday, March 3, 2010 @ 2:32PMTurbulent political and economic times roiling the nation are expected to diminish initial participation by households in next year's Census despite a $326 million marketing blitz that far outspends previous Census campaigns.
Stimulus Can't Slow Black Foreclosures Sunday, February 28, 2010 @ 3:10AMEquity rich but cash poor black households hardest hit by the crippling subprime lending scheme have benefited less than predatory financial institutions from stimulus dollars meant to help them recover, say fair lending advocates and loan modification analysts.
State legislative leaders, governor reach budget deal Sunday, February 28, 2010 @ 1:40AMDemocratic and Republican lawmakers, as well as Gov. Jim Gibbons, reached a tentative deal to close an $887 million shortfall late Saturday, suggesting an end to the legislative special session by Gibbons’ Sunday night deadline.
Brisk 5.9 percent economic growth in Q4 will likely fade Sunday, February 28, 2010 @ 12:55AMWASHINGTON – The recovery is losing steam. The economy is now likely expanding at just half the brisk 5.9 percent pace at which the government on Friday estimated it grew last quarter. Business spending will make up for some of a slowdown in consumer spending – but not likely enough to reduce the jobless rate much.
Rialto official warns city has three years until financial crisis Sunday, February 21, 2010 @ 7:46PMRIALTO - The top manager believes the city could face a financial crisis in three years unless employee bargaining groups agree to sweeping concessions.
International Forecaster February 2010 (#6) - Gold, Silver, Economy + More Sunday, February 21, 2010 @ 2:28PMThe following are some snippets from the most recent issue of the International Forecaster. For the full 42 page issue, please see subscription information below.
Schlumberger buying Smith Int'l in $11.3 billion deal Sunday, February 21, 2010 @ 12:59PMNEW YORK (Reuters) - Schlumberger Ltd agreed to buy Smith International in a $11.34 billion all-stock deal that will boost the oilfield services leader's revenue to double that of its nearest rival.
In and Around the Capitol Sunday, February 21, 2010 @ 7:38AMLawmakers in the Capitol are working to save a Mississippi delicacy: the sweet potato.
Many on City Council know it's time for radical change in how Cleveland is governed: Brent Larkin Sunday, February 21, 2010 @ 7:08AMFour longtime Cleveland City Council members say the city is in trouble, and action must be taken soon.
Local recovery weak, but under way Sunday, February 21, 2010 @ 6:50AMFew were sorry to bid farewell to 2009, a year of lingering uncertainty and economic distress in the Charlotte region and across the nation.
As GM shutters a plant, an area in decline struggles to imagine a future Sunday, February 21, 2010 @ 6:04AMThis article about the area's economy, first appeared in the Feb. 8, 2010 issue of The Nation, which granted the News Journal permission to reprint it in its entirety.
Less foreclosures on tap Sunday, February 21, 2010 @ 2:16AMSaturday February 20, 2010 WASHINGTON - The end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining.
Drywall ruinous to local families Sunday, February 21, 2010 @ 1:02AMPALM BAY — The acrid odor from behind their walls at times made them sick, and something seemed to be etching their chandeliers, piping and jewelry.
Cape Coral swim complex would be costly Friday, February 19, 2010 @ 12:10AMThe money generated from national events would help a community among the national leaders in foreclosures.
Main Street Monroe fed up with bickering in Other Washington Friday, February 19, 2010 @ 12:07AMAsk the mood of the voter and small business owners of every political stripe in Monroe, Snohomish County, had this much in common: They believe America is a great country, but badly off track. And its leaders need to quit bickering and help the country through a true crisis.
Does deal with feds encourage foreclosures? Thursday, February 18, 2010 @ 11:33PMA bank can make a bigger profit by foreclosing on a homeowner rather than modifying the mortgage, according to two California real estate entrepreneurs. They blame a sweetheart deal that a new bank negotiated with the Federal Deposit Insurance Corporation (FDIC).
USDA to Pay Black Farmers $1.25 Billion for Loan Bias (Update3) Thursday, February 18, 2010 @ 10:16PMThe U.S. Department of Agriculture agreed to pay $1.25 billion to settle more claims by black farmers who said they were discriminated against in federal farm loan programs.
HUD's Shelley Poticha Discusses Sustainable Development Thursday, February 18, 2010 @ 9:33PMPoticha, who is director of HUD’s newly created Office of Sustainable Housing and Communities, speaks on land use, transit patterns, economic recovery, and the government’s vision for a healthier built environment.
Barbecue to sort out legal issues Thursday, February 18, 2010 @ 7:19PMOVER 40 people attended an information barbecue luncheon held in Anderson Park yesterday for the ex-workers of Burrangong Meat Processors.
Placer County set to launch federally funded housing program Thursday, February 18, 2010 @ 7:11PMPlacer County is set to launch a program that seeks to reduce the number of vacant, bank-owned houses in unincorporated neighborhoods while helping residents with low or moderate incomes purchase homes. The initiative is part of a federally funded effort known nationwide as the Neighborhood Stabilization Program. Its primary goal is stabilizing communities hard hit by foreclosures by acquiring ...
'Bribes' often needed to prevent mortgage defaults or destruction of homes Thursday, February 18, 2010 @ 7:00PMPrograms are paying defaulting homeowners just for promising not to destroy property.