Fitch Downgrades National City, Wamu, Others on Home Equity Concerns Primed for Trouble: Pace of Mortgage Distress Shifts to Prime Borrowers Bernanke discusses options for addressing subprime problem.. mortgage borrowers) greater access to capital markets, lowered transaction costs, and allowed risk to be shared more widely. The resulting increase in the supply of mortgage credit likely contributed to the rise in the homeownership.Fitch Ratings said it has downgraded QGOG Constellation to restricted default (RD) from C after it missed interest payments on outstanding securities. The Brazilian oil driller missed a $27.5m payment on its 9% cash and 0.5% payment-in-kind (PIK) 2024 bond after the grace period expired, the rating.More on the Bailout: Tripping on the Trigger Fannie Mae: Consumers think it’s easier than ever to get a mortgage Is Seattle about to do away with single-family zoning? What’s worse are the idiotic reasons these people want to get rid of single families owning homes. From the Seattle Times:. Most dramatically, the committee is considering a recommendation to do away with single-family zoning – which for a hundred-plus years has been the defining feature of Seattle’s strong neighborhood feel.Product evolution is headed in a direction that could make it even easier for nonbanks to fund construction-to-perm loans in the future. The USDA has tested and Fannie Mae has contemplated offering a single-close loan that can be sold into a securitization immediately during the construction period.Pending home sales hit two-year high: NAR Pending Home Sales Jump to Two-Year High – 24/7 Wall St. – · The National Association of Realtors (NAR) this morning released its data on pending home sales in July. The index rose from 99.3 in June to a two-year high of 101.7.
Gayle McLaughlin (born 1952) is an American politician from Richmond, California.She was first elected to the Richmond City Council in 2004 when she was a member of the Green Party of California.She won two consecutive four-year terms as the city’s mayor in 2006 and 2010. After reaching the mayoral term limit, she won re-election to the City Council in 2014.
Texas housing market springs to recovery Texas housing market springs to recovery – Existing home sales in Texas trended upward over the last six months, as the housing market begins to show signs of recovery. The average amount of homes sales over the last six months increased.How long will this mortgage drought last? MBA: mortgage applications down 18.6% last week realtytrac: foreclosure filings near 5-year low U.S. Foreclosure Filings Hit 5-Year Low In September. Irvine, calif.-based realtytrac reported. foreclosure starts since peaked in April 2009 at around 203,000. But the current level is still.Applications for home mortgages slipped last. mortgage bankers association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase.How Long Will the Drought Last? Larry Lynch September 1, 2011 Outdoors , Weather Leave a Comment We’ve had several calls recently from folks who have been considering a move to East Texas but are having second thoughts because of the heat wave this past summer and the drought we’ve been experiencing the past two years.Castle & Cooke expands, adds Michael Frazier as regional manager louisiana man jeffery larcade hid camera in urinals to videotape coworkers – Ms Hollander, a traffic magistrate in Florida was arrested after she ran into a men’s bathroom at the Regional Courthouse in Broward County. She took a hurried snap of a man’s genitalia while he was.
In this position, Richmond has now become the only municipality in the country to seriously consider using eminent domain to seize underwater mortgages from the investors who currently hold them.
Newark, NJ Approves Use of Eminent Domain to Fight Foreclosures – The First Domino Falls ncconsumer.org | June 5, 2014. Newark, New Jersey has become the first city in the country to officially approve a controversial plan that uses eminent domain to fight foreclosures and neighborhood blight.
· The Institute also made an initial commitment of $3 million to fund the national effort to combat eminent domain at the state and local level. IJ made the announcement less than one week after the U.S. Supreme Court issued its Kelo decision allowing governments to take property from the rightful owner only to hand it over to another private party for his or her private gain.
Abuse of Power: How Government Misuses Eminent Domain. – · Abuse of Power: How Government Misuses Eminent Domain. Eminent Domain Is Now Used to Advance Any Public Purpose Saturday, July 10, 2010. And it’s also the case when land is taken from owners under what is called eminent domain.. that people who fight against eminent domain are greedy opponents of social progress.
Richmond’s Fight to Use Eminent Domain to Stop Home Foreclosures.. one of the hot topics was the investigation by the city of whether or not eminent domain might force refinancing of houses facing foreclosure that are "underwater," where. They have a Green mayor and a.
This concept is referred to as "eminent domain." The government’s power to take property under eminent domain is not without limit, however, as certain circumstances must exist for the taking to be valid and legal. If these circumstances do not exist, landowners can fight against an eminent domain action in court.
Letter to the Editor: Supporters of Dr. Mark Harris for. – · As the battles for Congress heat up, supporters of candidate Dr. Mark Harris (R-9th District) submitted the following letter: Friends, It seems like o.