Linda Young – Fourth Estate Cooperative Writer Irvine, CA, United States (4E) – The number of foreclosure filings nationwide dropped in April to its lowest level since July 2007, although foreclosure activity actually increased in some areas of the country. RealtyTrac, the leading online marketplace for foreclosure properties, released its April report on foreclosure filings [...]
Archive for the ‘Pay Day Loans’ Category
Ally mortgage unit files bankruptcy
May 15th, 2012
davidguide Diane Alter – Fourth Estate Cooperative Reporter Midvale, Utah, United States (4E) – Ally Financial ResCap mortgage on Monday filed for prepackaged bankruptcy protection. The bank, owned by taxpayers, said the filing will allow the bank to take another step to repay the U.S. treasury. Ally’s ResCap unit operates under the GMAC Mortgage brand. At [...]
Ethnic minorities call for caution as sanctions ease
April 28th, 2012
davidguide Chiang Mai, Thailand (IRIN) – Ethnic minority groups in Myanmar are calling on the international community to set stronger benchmarks or steps in the incremental removal of international sanctions, following this week’s announcement by the European Union (EU) to suspend sanctions for a year, retaining only the embargo on arms sales. “Now more than ever, [...]
Dubai’s bounced-check convicts go on strike
April 25th, 2012
davidguide The Media Line Staff United Arab Emirates David Rosenberg / The Med – Christopher Renehan, a 38-year-old Irish national and building contractor, is looking at at least five more years in Dubai’s Central Prison and he has had enough. Seven months into his jail term, he declared a hunger strike last week and has since [...]
Short sales up in housing market
April 21st, 2012
davidguide Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Short sales out paced foreclosures in 12 states in January, market research form Realty Trac reported Friday. The increase highlights that more homeowners are finding an easier way out of a distressed home loans with short sales, and that more lenders [...]
Short sales up in housing market
April 21st, 2012
davidguide Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Short sales out paced foreclosures in 12 states in January, market research form Realty Trac reported Friday. The increase highlights that more homeowners are finding an easier way out of a distressed home loans with short sales, and that more lenders [...]
Stocks slide Wednesday following Tuesday’s big gains
April 19th, 2012
davidguide Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – U.S. stocks took a breather Wednesday from Tuesday’s big gains and once again focused on problems in Europe’s economy. In mid-morning trading, the Dow Jones Industrial Average slipped 30 points, the Standard & Poor’s 500 Index slumped 2 points, and the [...]
Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
April 18th, 2012
davidguide ProPublica Staff Washington, DC, United States (ProPublica) – by Cora Currier Wells Fargo and U.S. Bank have let foreclosed homes in black and Latino neighborhoods lapse into disrepair, while bank-owned homes in mainly white neighborhoods are better cared-for, according to housing advocates. The National Fair Housing Alliance, a non-profit group, brought a formal complaint to [...]
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