Monday, February 6th, 2012
(MCT)"Foreclosure commonly represents the end of a struggle. A borrower can't pay a mortgage, loses a home and moves on.But Karen Mena, a 38-year-old county worker, never gave up. Mena fought even after her San Bernardino, Calif., home was no longer hers. And she won the three-bedroom house back"at ...
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Saturday, February 4th, 2012
By ( contact )Friday, Feb. 3, 2012 2 a.m.The four remaining Republican presidential candidates have lept at every opportunity to distinguish themselves from one another on most economic issues, trading jabs on jobs plans, tax plans and health care plans as they've made their way through Nevada.But when ...
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Friday, February 3rd, 2012
Though the heavy lifting has been done in negotiations between government officials and lending institutions over the last year, the proposal by U.S. Rep. Rosa DeLauro , D-3, to put into law negotiated terms that would protect financially pressed homeowners is a good one.DeLauro's bill would set in legal stone ...
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Thursday, February 2nd, 2012
PEACE DALE - Tammy Miller recently shared her knowledge of scamsand fraud during a program at the South Kingstown publiclibrary.Miller is the director of the Consumer Protection Unit of theRhode Island Office of the Attorney General. She often givesprograms such as the one at the South Kingstown Public Library tohelp ...
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Tuesday, January 31st, 2012
Struggling homeowners are set to get more help from the federal government as the Obama Administration extends its key foreclosure prevention plan for a year.The administration will also add the number of people eligible for the program to include investors and will increase incentives for large banks to modify more ...
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Tuesday, January 31st, 2012
European Banks may be surging on reports of a Franco-German push to weaken bank capital rules. European Union financial Commissioner Michel Barnier says he will keep to the timetable already agreed for implementing stricter Basel III requirements. No country will be forced to accept a financial transaction tax, Michel ...
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Sunday, January 29th, 2012
President Obama on Friday proposed to sweeten a deal from Washington to entice banks to modify payments, lower loan principal, and expand eligibility in order to help more of the 11 million American families sinking under their mortgages.The proposed modifications would move the Home Affordable Mortgage Program's sunset date ...
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Saturday, January 28th, 2012
Under an expansion of the Home Affordable Modification Program, investors can seek mortgage loan modifications for rental properties, regardless of whether the home is occupied by a tenant or it is vacant but the owner plans to rent it. Previously, only owner-occupants were eligible for loan modifications under the government's ...
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Friday, January 27th, 2012
Jan. 26 (Bloomberg) -- Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say. The Arizona Attorney General’s office ...
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Friday, January 27th, 2012
CHARLOTTESVILLE, Va., Jan. 26, 2012 (GLOBE NEWSWIRE) -- StellarOne Corporation (Nasdaq: STEL - News ) ("StellarOne") today reported fourth quarter 2011 earnings of $4.8 million and net income available to common shareholders of $3.8 million, or $0.17 net income per diluted common share, after deducting the dividends and discount accretion ...
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