AHN Sports Staff Cleveland, OH, United States (AHN Sports) – Antawn Jamison scored 15 points, while Omri Casspi and Anthony Parker added 13 each as the Cleveland Cavaliers knocked off the New York Knicks 91-81 Wednesday at Quicken Loans Arena. Anderson Varejao had the best all-around game for the Cavs, with 10 points and 16 [...]
Posts Tagged ‘home’
Bank of America to settle Countrywide discrimination suit for $335 million
December 22nd, 2011
davidguide Matthew Borghese – AHN News Contributor Washington, DC, United States (AHN) – Bank of America (BoA) will settle a dispute with the U.S. Justice Department stemming from home loan discrimination. Authorities say BoA’s Countrywide unit discriminated against 200,000 African-American and Hispanic borrowers who qualified for prime loans but were nonetheless pushed to sign riskier subprime [...]
SEC charges former Freddie and Fannie execs with fraud
December 17th, 2011
davidguide Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – The Securities and Exchange Commission on Friday charged six former executives of Fannie Mae and Freddie Mac with securities fraud for misrepresenting the holdings of their high-risk mortgage loans. Targeted were three former execs of Freddie Mac, including CEO Daniel Mudd, chief risk [...]
Debt woes come back to haunt Dubai
December 7th, 2011
davidguide The Media Line Staff Dubai, United Arab Emirates David Rosenberg (The Medi – More than two years after one of its showcase companies announced a “standstill” on its loan repayments, signaling the end of a real estate-fueled boom, a mountain of debt continues to cast a long shadow over Dubai’s economy. Moody’s Investors Service brought [...]
Bank-owned home sales stay high
August 26th, 2011
davidguide Linda Young – AHN News Writer Washingtong, DC, United States (AHN) – Bank-owned house sales remained high during the second quarter of the year with homes in some stage of the foreclosure process, including short sales, rising to 31 percent of sales compared to 24 percent a year earlier. However, that number was down from [...]
New home sales fall in July
August 24th, 2011
davidguide Linda Young – AHN News Writer Washington, D.C., United States (AHN) – New home sales in the United States fell by 0.7 percent in July from June’s figures, marking the fourth consecutive month of drops, Commerce Department officials said Tuesday. At this rate, new home sales are set to finish the year at the worst [...]
Rejecting IMF loan, Egypt risks undermining economy
June 26th, 2011
davidguide The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]
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