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New York Mortgage Agency Borrowing Costs Fall 30% as Bonds Catch on `Fire' Tuesday, August 31, 2010 @ 11:24PMState of New York Mortgage Agency , which provides subsidized home loans to low- and moderate-income families, cut its borrowing costs 31 percent since April on about $133 million in tax-exempt housing bonds as demand from individual investors helped drive down yields.
Business Briefs Tuesday, August 31, 2010 @ 11:17PMWASHINGTON -- Home prices rose in June for a third straight month as now-expired tax credits inspired a burst of home- buying. But prices are expected to fall through the rest of the year now that demand has faded.
Keep on pushing Tuesday, August 31, 2010 @ 11:15PMLast Saturday, there were three big political rallies related to the Rev. Dr. Martin Luther King Jr.'s Aug. 28, 1963 March on Washington, where he delivered the famous "I Have a Dream" speech at the Lincoln Memorial.
How Vilsack Wandered Off the Farm Tuesday, August 31, 2010 @ 10:43PMOrganic food, nutrition, and broadband programs are trumping farm payments under Agriculture Secretary Vilsack's initiatives
Home truths for complacent economists | Dean Baker Tuesday, August 31, 2010 @ 9:35PMTax credits disguised the fundamental weakness of the US housing market. The reality reveals bleak prospects for growth The howls of surprised economists were everywhere last week as the government reported on Tuesday that July had sharpest single-month plunge in existing home sales on record. The next day the commerce department reported that new home sales hit a post-war low in July. All the ...
June home prices show the effect of tax credit Tuesday, August 31, 2010 @ 7:55PMThe Twin Cities saw some of the higher increases. But declines are predicted.
U.S. home prices post modest gain in second quarter Tuesday, August 31, 2010 @ 7:41PMU.S. home prices rose modestly in the second quarter this year, a leading measure for the U.S. residential housing market showed Tuesday. But other recent housing indicators contain more ominous signals as tax incentives have ended and foreclosures continue.
Noahâs Ark in Ledgewood welcomes new director Saturday, August 28, 2010 @ 1:10AMROXBURY TWP. — The dogs and cats at Noah’s Ark Animal Welfare in Ledgewood recently welcomed both a new Executive Director and a new Shelter Manager to the pack.
Summary Box: Music royalty talks consider FM radio mandate for cell phones Wednesday, August 18, 2010 @ 5:31PMTHE PROPOSAL: A proposed settlement to a long-running dispute between radio broadcasters and the recording industry over music royalties could include a federal mandate that all new cell phones have an FM radio chip.
Miami Twp. is under budget Friday, July 30, 2010 @ 3:25PMMiami Township has brought in more revenue and spent less money than expected so far this year.
Florida Lottery Fantasy Five winning ticket bought at Powell Road gas station Wednesday, July 28, 2010 @ 7:04PMTimes staff Wednesday, July 28, 2010 BROOKSVILLE Winning ticket for Fantasy Five bought locally One of the three winning tickets in the Florida Lottery's Fantasy Five drawing on Tuesday was purchased at the Sunoco Gas Station, 18226 Powell Road. The winning numbers were 25-29-30-33-35. The total prize a,mount was $65,310.59; each winner will receive $21,770.20. The other two winning tickets were ...
Four Republicans seek nod for 7th State Senate Wednesday, July 28, 2010 @ 6:29PMFour Republicans and one Democrat are vying to represent Michigan's 7th Senate District.
Treasury Dept. Pushing Mortgage Mod. Program Wednesday, July 28, 2010 @ 5:01PMAs foreclosures continue to climb across the country, the U.S. Treasury Department is trying to do more to let struggling homeowners know about the latest programs to stay in their homes.
Seeing the South With Shirley Sherrod Wednesday, July 28, 2010 @ 4:38PMIt would be an absurd overstatement to say that we were friends, but it is true that some 20 years ago, along with Irv Cramer, then the executive director of Mazon: A Jewish Response to Hunger, I spent the better part of a week traveling through Georgia, Alabama and Mississippi, a trip organized for us by Shirley and Charles Sherrod. Ms. Sherrod was, at the time, director of the Georgia State ...
Fitch Rates South San Antonio ISD, TX's $58MM ULT Bonds 'AAA' PSF Wednesday, July 28, 2010 @ 3:36PMAUSTIN, Texas----Fitch rates the following South San Antonio Independent School District , Texas' unlimited tax bonds 'AAA' based on a guarantee provided by the Texas Permanent School Fund , whose Insurer Financial Strength is rated 'AAA' by Fitch:
Climb in new home sales exceeds forecast Monday, July 26, 2010 @ 7:49PMSales of new homes rose nationwide in June more than forecast following an unprecedented collapse the prior month, a signal the worst of the slump triggered by the end of a government tax credit may have passed.
Reid Still Facing Frustrated Voters Despite Uptick in Nevada Race Monday, July 26, 2010 @ 7:00PMAn internal memo from a polling group aligned with Senate Majority Leader Harry Reid shows the economy is causing a "serious problem" for Reid's re-election effort.
FOX BUSINESS: A Second Housing Crisis? Monday, July 26, 2010 @ 6:29PMWith little fanfare, the U.S. government has rapidly become the nation’s top backer of mortgages that require little or no money down, with taxpayer guarantees on them surpassing $1 trillion earlier this year, a FOX Business analysis shows.
Venezuela says great probability of military aggression by Colombia, urges dialogue Monday, July 26, 2010 @ 4:09PMUNITED NATIONS - Venezuela is warning that there is a greater probability of military action by Colombia forces supported by the United States than in the past 100 years and is urging dialogue with Colombia's incoming president.
The Wisdom of Crazy Ideas Monday, July 26, 2010 @ 4:08PMRISMEDIA, July 27, 2010—Someone once remarked that the definition of insanity is doing the same thing over and over, and expecting a different outcome. Despite the willingness of many in the media to blow one small bit of good news…
Letters to the editor: July 27, 2010 Monday, July 26, 2010 @ 4:03PMHere are letters to the editor from Daily News editions of July 27, 2010.
Summary Box: Google gears up for government sales push on apps Monday, July 26, 2010 @ 3:14PMTHE PUSH: Google Inc. is gearing up to sell its Web-hosted applications such as e-mail and word processing to a wider range of federal, state and local government agencies.
June sales of US new homes more than forecast Monday, July 26, 2010 @ 2:39PMSales of US new homes rose in June more than forecast following an unprecedented collapse the prior month, a signal the worst of the slump triggered by the end of a government tax credit is over.
O.C. distressed homes up 35% Monday, July 26, 2010 @ 2:15PMOrange County’s inventory of foreclosed homes and short sales has grown the most this year in the past 2 weeks, says Steve Thomas at Altera Real Estate, who does a bi-weekly analysis of the local real estate market.He says:“The active distressed...
Part I: Answers to Questions About Internet Privacy Monday, July 26, 2010 @ 1:00PMBelow are their responses. In some cases we shortened the questions and fixed typos. Part II will be posted on July 27.
County puts a halt to impact fees Monday, July 26, 2010 @ 12:54PMSTEINERStaff Writer In a 3-2 vote, with commissioners Randy Wilkinson (District 2) and Jean Reed (District 4) in opposition, a compromise was struck on a moratorium regarding collecting impact fees on new construction.
County puts a halt to impact fees Monday, July 26, 2010 @ 12:45PMIn a 3-2 vote, with commissioners Randy Wilkinson (District 2) and Jean Reed (District 4) in opposition, a compromise was struck on a moratorium regarding collecting impact fees on new construction.
Foreclosure activity remains high, spurred by condo filings Monday, July 26, 2010 @ 12:37PMThe number of homes facing foreclosure dipped slightly in some Chicago's suburbs in the first half of 2010, compared to the last half of 2009, but were considerably higher than totals from the first half of 2009, according to data compiled by the Woodstock Institute.
Program’s red tape slows use of foreclosure aid Monday, July 26, 2010 @ 11:35AMHeather Franz of rural Lodi is one of the fortunate borrowers who have avoided a mortgage foreclosure via the federal Home Affordable Modification Program, or HAMP.
Real estate agents in Las Vegas adjust to challenging times Monday, July 26, 2010 @ 10:28AMJuly 25--Raising two teenage daughters in Las Vegas is tough enough. Throw in 60-hour work weeks and a 50 percent reduction in income, and life for the husband-and-wife Realtor team of Joe and Linda Stewart has become a lot more stressful in the last couple of years.
Anchorage housing market ticking upward Monday, July 26, 2010 @ 10:27AMJuly 23--While the national homebuilders' confidence index is at a 15-year low, the Anchorage market is having its best year since 2007.
Existing home sales fall 5.1% Monday, July 26, 2010 @ 10:18AMIn the latest sign of renewed turbulence in the housing market, an industry group said Thursday that sales of existing homes fell 5.1% in June.
Mortgage Delinquencies Fall in June, Still Near Record Highs Monday, July 26, 2010 @ 9:48AMAfter rising in May, the rate of mortgage delinquencies and foreclosures fell in June.
Indian River County courthouse news: July 25 Saturday, July 24, 2010 @ 1:18PMIndian River County public records for the week of July 25.
Nevada jobless rate hits record high at 14 percent Monday, July 19, 2010 @ 5:09PMCARSON CITY, Nev. (AP) - Nevada's unemployment rate set a new record in June, hitting 14.2 percent statewide compared with the national average at 9.5 percent, according to a state report Monday.
Second Congressional District voters to choose from nine Monday, July 19, 2010 @ 4:35PMMichigan's Second Congressional District is made up of the counties of Benzie, Manistee, Wexford, Mason, Lake, Oceana, Newaygo, Muskegon, Ottawa, and the northern portion of Allegan and the northwest portion of Kent counties.
Anthony Westbury: St. Lucie locked in taxing dilemma Monday, July 19, 2010 @ 4:19PMOK, we’re going to be talking about obscenely large numbers and arcane municipal tax stuff like millage and rollback rates today.
Housing, Leading Index Probably Slumped: U.S. Economy Preview Sunday, July 18, 2010 @ 12:22AMThe housing market took another step back in June as construction and purchases dropped, and a gauge of the outlook for growth signaled the expansion will lose steam, economists said before reports this week.
Among Tarrant County cities, Fort Worth's budget shortfall is especially large, analysis finds Saturday, July 17, 2010 @ 11:10PMCities small and large are struggling with budget shortfalls this summer, but Fort Worth's budget gap appears to be bigger than other major Texas cities', a Star-Telegram analysis found.
Tar Heel Tally Saturday, July 17, 2010 @ 10:05PMNATIONAL FLOOD INSURANCE: Voting 329 for and 90 against, the House on Thursday sent the Senate a bill (HR 5114) to renew National Flood Insurance at an authorized cost of $476 million over 10 years.
Free legal aid to poor dwindles after state funding cuts Saturday, July 17, 2010 @ 8:00PMKimi Wei credits Legal Services of New Jersey for the fact she and her two children still have their Fair Lawn apartment. Wei faced a landlord’s demands in court for hefty extra fees.
REAL ESTATE: How Utah came to own a half-built city in the desert Saturday, July 17, 2010 @ 7:40PMAt one time, a cafe and a beauty parlor were next to Tammy Smith 's remodeling store in Coral Canyon, Utah. Today , herbusiness, Bliss Design Center, is one of the only shops left in theretail district of this new development 20 minutes up the highwayfrom the city of St. George, in Utah's southwest corner.
House renews national flood insurance Saturday, July 17, 2010 @ 7:11PMWASHINGTON — Here’s how area members of Congress voted on major roll calls in the week ending July 16. NATIONAL FLOOD INSURANCE: Voting 329 for and 90 against, the House on July 15 sent the Senate a bill (HR 5114) to renew national flood insurance at an authorized cost of $476 million over 10 years.
Once a rising star, Boseman steps out of politics with a whimper Saturday, July 17, 2010 @ 3:39PMBoseman's final session in Raleigh stood in contrast to her bright start in state politics six years ago.
State budget cuts force legal aid group to limit free services Saturday, July 17, 2010 @ 10:25AMLegal Services of New Jersey faces a one-third state funding cut and has to cut back on staff, meaning thousands of clients won't be served.
Financial Overhaul Thursday, July 15, 2010 @ 11:40PMThe U.S. Senate gave final passage to the Financial Regulatory Reform Bill, the stiffest set of restrictions on banks and Wall Street since The Great Depression. It's a response to the Wall Street meltdown that brought the world to the edge of economic collapse about two years ago.
Group fires away at Murray’s ‘mom in tennis shoes’ image Thursday, July 15, 2010 @ 11:36PMOLYMPIA — A Washington, D.C., political group hit the television airwaves Tuesday with a commercial aimed at scuffing the “mom in tennis shoes” image of Democratic U.S. Sen. Patty Murray.
News Wrap: Goldman Sachs Agrees to Settle Civil Fraud Charges Thursday, July 15, 2010 @ 8:48PMIn other news Thursday, Wall Street giant Goldman Sachs agreed to pay $550 million to settle civil fraud charges brought by the SEC.
Mortgage rates are low, but require high hurdles Thursday, July 15, 2010 @ 7:44PMDavid Kosowski has a full-time job, a sky-high credit score, a solid debt-to-income ratio, and enough cash stashed away to put a 20 percent down payment on the three-bedroom, two-bath home he's had his eye on since Spring.
Silicon Valley housing market gaining steam, slowly Thursday, July 15, 2010 @ 5:11PMPrices jump 23.7% in Santa Clara County; 8.4% in San Mateo County