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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.
Warren’s Summer Grilling Thursday, July 14, 2011 @ 12:34PMObama’s financial-reform expert defends her new agency to a hostile House committee.
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,...
West Nile mosquitoes are back in area Monday, July 11, 2011 @ 1:27PMThe DuPage County Health Department announced Friday that the first positive test for West Nile Virus in 2011 came from mosquitoes taken from trap in Lemont. The mosquitoes that tested positive were collected July 6 and tested the following day. The wet and cool spring delayed the development of the mosquitoes that spread West Nile Virus, according to information from the DuPage County Health ...
Neighbor vs. neighbor as homeowner fights get ugly Thursday, July 7, 2011 @ 9:55PM
Obama administration boosts aid for unemployed homeowners Thursday, July 7, 2011 @ 8:46PMUnemployed homeowners with government-insured mortgages will be allowed to miss a year of payments while they try to find a job. Still scrambling to stabilize the struggling housing market, the Obama administration will allow some unemployed homeowners to miss a year of mortgage payments without threat of foreclosure while they try to find a new job.
Obama expands mortgage aid for unemployed Thursday, July 7, 2011 @ 7:24PMHayley Peterson Examiner Staff Writer Follow Her @hcpeterson The Obama administration on Thursday started a new initiative that would require mortgage lenders to give some unemployed homeowners who have fallen behind in their payments up to a year before the banks can foreclose on their homes. The policy change allow homeowners 12 months -- instead of the current four months -- to ...
An #askObama Takeaway: Public has questions about housing, education policy Thursday, July 7, 2011 @ 3:30PMIn the wake of yesterday’s “Twitter townhall,” The Boston Globe put together an interesting infographic comparing Twitter users’ #askObama questions with the past two weeks of questions at White House press briefings and gaggles.
U.S. Consumer Bureau Plans to Write Rules for Mortgage Servicers Thursday, July 7, 2011 @ 10:37AMThe Consumer Financial Protection Bureau is preparing to impose rules on U.S. mortgage servicing firms, said Raj Date, the bureau’s associate director.
Inspections reveal defects Thursday, July 7, 2011 @ 6:46AMHouses are sold as-is for a reason. Consequently, there's all the more need for the buyer to obtain a professional property inspection, says David Tamny, owner of Professional Property Inspection in Columbus, Ohio.
More trouble for Modesto nonprofit agency SCAP Thursday, July 7, 2011 @ 1:51AMThe housing director for a Modesto nonprofit agency recently has lived in two homes that were purchased and renovated through the city's Neighborhood Stabilization Program, and two of her family members occupy homes in the program.
Selflessness, compassion, patriotism, resiliency Monday, July 4, 2011 @ 2:08AMLike most Americans, Brad Meyers is taking off work today, the Fourth of July.He won't be at his job in front of the Riffe Center, at the corner of High and State streets, begging for money.
Home Prices Poised to Climb as Foreclosures Wane, Donovan Says Sunday, July 3, 2011 @ 11:45PMPrices for U.S. homes may climb as soon as the third quarter, ending declines as foreclosures decline make more home available for sale, Housing and Urban Development Secretary Shaun Donovan said.
Prices increasing in local housing market Saturday, July 2, 2011 @ 9:46PM(Editor's Note: The article has been changed to reflect that Linda Rausch suspects that demand for homes has increased housing prices.)
Is the American dream still housed within four walls surrounded by a mortgage? Thursday, June 30, 2011 @ 4:04PMA foreclosure sign hangs on a fence in front of a foreclosed home on April 6, 2011 in Richmond, California.
Is Now the Right Time to Buy a Home? Thursday, June 30, 2011 @ 3:18PMWith house hunting season upon us, Americans should consider how several economic factors come into play
Ally Financial spent $340,000 on lobbying in 1Q Wednesday, June 29, 2011 @ 7:01PMAlly Financial Inc. spent $340,000 in the first quarter to lobby the federal government on financial regulatory reform and other issues.
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.
Despite Fears, Owning Home Retains Allure, Poll Shows Wednesday, June 29, 2011 @ 5:53PMAbout nine in 10 Americans see owning a home as part of the American dream, even as many doubt their home is a good investment, according to the latest New York Times/CBS News poll.
HOUSING: San Diego home prices rise slightly in April Tuesday, June 28, 2011 @ 10:35AMHouse prices in San Diego County in April rose slightly compared with March, as homebuying season warmed up; but prices were 4.3 percent lower than they had been in April 2010, a respected index said Tuesday.
In GOP field, Bachmann has clout Tuesday, June 28, 2011 @ 5:09AMWATERLOO, Iowa - The U.S. House of Representatives is a notoriously poor launching pad for presidential ambitions, but Rep. Michele Bachmann (R., Minn.), who formally kicked off her campaign Monday in this town where she was born, enters the contest for the 2012 GOP nomination with several strengths.
Bachmann opens 2012 presidential run in Iowa Monday, June 27, 2011 @ 8:44PMRep. Michele Bachmann, R-Minn., formally launched her campaign Monday with a salute to small-town values and a vow to vanquish President Obama.
SELWESKI: If middle class shrinks more, we may all be in Poor House Sunday, June 26, 2011 @ 12:26PMThe downward path from middle class to poverty was always a somewhat slippery slope in Michigan. Now, it’s a rocky cliff.
Gary Johnson sees the presidential light Thursday, June 23, 2011 @ 5:21PMWashington (CNN) – Former New Mexico Gov. Gary Johnson said Thursday his path to victory for the Republican presidential nomination...
Banks Say No Thanks to Reverse Mortgages Thursday, June 23, 2011 @ 12:05PMShould you do likewise?
$41M in mortgage help for troubled homeowners Tuesday, June 21, 2011 @ 9:58PMDENVER - If you're unemployed, buckling under bills, and at risk of losing your home, the government might be able to help you make your mortgage payments.
US home sales hit 6-month low, supply rises Tuesday, June 21, 2011 @ 3:58PMWASHINGTON : Sales of previously owned US homes hit a six-month low in May and supply rose, pointing to a housing market still struggling to regain its footing.
How to Fix the Dire Housing Numbers Tuesday, June 21, 2011 @ 3:55PMHere are three things the government could do to boost the housing market
Sandy Goodman: Republicans: The Single Greatest Threat to America Tuesday, June 21, 2011 @ 3:17PMThe single greatest threat to the United States is not joblessness, foreclosures, another recession nor skyrocketing debt. No, the single greatest threat to our country is today's Republican Party.
WRAPUP 3-U.S. home sales hit 6-month low, supply rises Tuesday, June 21, 2011 @ 1:21PM* Existing home sales fall 3.8 percent in May * Median home price drops 4.6 pct from year-ago * Supply rises to 9.3 months' worth vs 9.0 months (Adds details) WASHINGTON, June 21 (Reuters) - Sales ...
Home Sales Plummet: How to Fix the Housing Market Tuesday, June 21, 2011 @ 11:44AMIt’s time for new housing market stimulus. But how? Home sales fell 3.8% in May. That might not sound like a big drop in sales. After all, real estate is double dipping. But for this time of year, it’s big. May and June are typically prime home buying months. So if homes aren’t selling now, [...]
Home sales fall to 2011 low; few 1st-time buyers Tuesday, June 21, 2011 @ 11:33AMFewer people bought previously occupied homes in May, lowering sales to their weakest point of the year.
U.S. home sales hit 6-month low, prices decline Tuesday, June 21, 2011 @ 11:31AMWASHINGTON (Reuters) - Sales of previously owned U.S. homes fell to a six-month low in May and prices dropped 4.6 percent from a year ago, pointing to a housing market still struggling to regain its footing. ...
WRAPUP 2-U.S. home sales hit 6-month low, prices decline Tuesday, June 21, 2011 @ 11:29AM* Existing home sales fall 3.8 percent in May * Median home price drops 4.6 pct from year-ago * Supply rises to 9.3 months' worth (Adds details, analyst comments, updates markets) WASHINGTON, June ...
May home sales sink Tuesday, June 21, 2011 @ 10:17AMWASHINGTON — Fewer people purchased previously occupied homes in May, lowering sales to their weakest point of the year.
Home sales fell to 2011 low in May, few 1st-time buyers Tuesday, June 21, 2011 @ 10:12AMFewer people purchased previously occupied homes in May, lowering sales to their weakest point of the year. Home sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes, the National Association of Realtors said Tuesday. Economists say that’s far below the 6 million homes per year [...]
Daly City to appeal census count Saturday, June 18, 2011 @ 10:17AMDaly City officials believe the 2010 census undercounted their population by more than 7,000, which could cost the city hundreds of thousands of dollars or more in state and federal funding. Although the census put Daly City’s population at 101,123, City Manager Patricia Martel said the actual number is closer to 108,383. Martel bases her claim on a 2010 estimate by the state Department of ...
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 ]
Ellen Gillette: No reason to disrespect unemployed, underemployed in our midst Wednesday, June 15, 2011 @ 11:35PMThese days, a person's job doesn't tell you much.
Letters to the Editor: June 16, 2011 Wednesday, June 15, 2011 @ 5:00PMHere are letters to the editor from recent editions of the Daily News
HIGH COSTS OF WAGING WAR ARE NOW BECOMING CLEAR Saturday, June 11, 2011 @ 7:04PMWASHINGTON -- It's hard to take Rep. Ron Paul, perpetual presidential candidate, seriously. The Texas Republican is a committed libertarian -- which means he doesn't think government should do much of anything.
Senator Klein Funds Bronx Foreclosure Center Friday, June 10, 2011 @ 11:35AMBronx homeowners who are in danger of losing their homes can now visit the Bronx Courthouse for help.During this tough economic climate, many people are facing foreclosure on their homes. On Friday, June 3, the Bronx Foreclosure Center, a resource for Bronx residents who are at risk of losing...
How mulish banks blew up the Ally IPO Friday, June 10, 2011 @ 11:15AMAlly, the car lender formerly known as GMAC that was rescued after a disastrous spin down subprime lending lane, had been hoping to do an initial public offering this month but is now more likely looking at the fall, the Financial Times reported.The firm has been aiming to sell stock this year to help Treasury pare back its huge stake in the company. The government owns 74% of Ally, thanks to ...
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.
Tears show in the fabric of an empire Monday, June 6, 2011 @ 3:57PMThe US may have one problem too many, writes Larry Elliott in London.