Posts Tagged ‘home’

Antawn Jamison nets 15 points, Cavs knock off Knicks

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 [...]

Bank of America to settle Countrywide discrimination suit for $335 million

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

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

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 [...]

Cuban economic reform allows private home sales

Tom Ramstack – AHN News Legal Correspondent Havana, Cuba (AHN) – The Cuban government made a move this week to cast off its hard line communist policies with an announcement that its citizens can now buy and sell real estate. Until now, Cubans were allowed only to barter their homes for other homes of equal [...]

Mideast faces shortfall of affordable homes

The Media Line Staff Cairo, Egypt David Rosenberg – The Middle East and North Africa (MENA) faces a shortfall of some 3.6 million units of affordable housing over the next five years unless the region’s governments and property developers make a combined effort to solve the problem, warns a report by the global real estate [...]

Bank-owned home sales stay high

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

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

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 [...]

Door to Door Loans – Small And Quick Cash to Your Door

These days, the big manufacture houses are trying to move toward their customers from door to door. They try to place the real customers and then provide them with the amenities and the products required by them. The same is the case with the lenders of the UK. They are using the same theory for [...]

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