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 [...]
Posts Tagged ‘News’
Bank of America to settle Countrywide discrimination suit for $335 million
December 22nd, 2011 
davidguide 
Posted in Pay Day Loans 
Tags: abusive practices, African, assistant attorney general, bank of america, Countrywide, dc united, discrimination suit, habla, home, housing bubble, latino communities, News, Perez, prime loans, se habla espanol, skin, story, subprime, subprime loans, Wednesday 
Comments OffSEC 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 [...]
Posted in Pay Day Loans Tags: Business, daniel mudd, exchange, family guarantee, family mortgage, fannie mae, fannie mae and freddie mac, fraud, high risk mortgage loans, home, News, patricia cook, President, risk, securities and exchange commission, securities fraud, Targeted, thomas lund, vice, View Comments OffHouse to vote on tougher sanctions against Iran for nuclear program
December 13th, 2011 davidguide Tom Ramstack – AHN News Legal Correspondent Washington, DC, United States (AHN) – The House of Representatives plans to vote on two bills as soon as Tuesday to increase economic sanctions against Iran for what U.S. lawmakers say is Iran’s program to develop nuclear weapons. The bills would freeze U.S. assets of countries or companies [...]
Posted in Pay Day Loans Tags: atomic energy agency, bank, barack obama, british embassy in tehran, Defense, embargo, Government, house, industry, international atomic energy agency, iranian president mahmoud, iranian president mahmoud ahmadinejad, legal correspondent, mahmoud ahmadinejad, News, oil, president mahmoud ahmadinejad, Ramstack, report, sanctions against iran Comments OffGerman chancellor warns financial crisis solution will take years
December 3rd, 2011 davidguide Diane Alter – AHN News Reporter Berlin, Germany (AHN) – German Chancellor Angela Merkel has pushed for stronger rules against overspending as the long-term answer to Europe’s debt crisis and says the fixes for the eurozone’s flaws must be written into changes in the basic EU treaty. The German leader laid out her stance while [...]
Posted in Pay Day Loans Tags: angela merkel, Central, Chancellor Angela Merkel, European, Eurozone, financial woes, French, french president nicolas, french president nicolas sarkozy, german chancellor angela merkel, half, international monetary fund, need, News, nicolas sarkozy, parliament, percent, president nicolas sarkozy, solution, stability pact Comments OffDow holds strong gains Wednesday after Fed move
December 1st, 2011 davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks were enjoying an early “Santa Claus rally” Wednesday sparked by a move from the Fed and global central banks to add liquidity to markets. With an hour left in the trading day, the Dow Jones Industrial Average soared 385 points, [...]
Posted in Pay Day Loans Tags: average, blockbuster drug, Central, central banks, Dollar, dollar loans, dow jones, dow jones industrial, dow jones industrial average, drug lipitor, energy materials, European, fed move, industrial stocks, Jones, News, November, report, Santa, Wednesday Comments OffEuropean leaders seek new economic rules in meeting with Obama
November 29th, 2011 davidguide Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – European leaders met with President Barack Obama Monday at the White House to figure out how to avoid another worldwide economic collapse. Obama is pressuring the 17-nation European Union to resolve its banking and debt crises before they drag down the U.S. [...]
Posted in Pay Day Loans Tags: banking, barack obama, capacity, crisis, economic rules, European, european commission president, european commission president jose manuel barroso, house, investment, italian prime minister, jose manuel barroso, legal correspondent, mario monti, Monday, News, press, prime minster, Ramstack, worldwide economic collapse Comments OffMortgage payments show rise in delinquencies
November 9th, 2011 davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – More homeowners are having a hard time making their mortgage payments. According to credit reporting agency TransUnion, the rate at which mortgage holders were late with their payments by 60 days or more rose in the June-to-September period for the first time [...]
Posted in Pay Day Loans Tags: credit reporting agency, delinquencies, delinquency rate, delinquency rates, District of Columbia, Foreclosure, Mortgage, mortgage holders, mortgage payments, News, news reporter, percent, rate, rise, state, time, TransUnion, View Comments OffCuban economic reform allows private home sales
November 5th, 2011 davidguide 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 [...]
Posted in Pay Day Loans Tags: barter, brother raul, communist, communist policies, fidel castro, free market reforms, General, havana cuba, home, Housing, law decree, legal correspondent, line, Money, News, personal ownership, private home sales, Ramstack, reform, world recession Comments OffObama orders FDA to curb drug shortages
November 1st, 2011 davidguide Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – President Obama will sign new guidelines Monday afternoon for the Food and Drug Administration aimed at reducing drug costs and increasing drug supplies. The White House said in a statement, “The shortage of prescription drugs drives up costs, leaves consumers vulnerable to price [...]
Posted in Pay Day Loans Tags: administration, cancer patient, drug shortages, executive actions, fda commissioner, Food, food and drug administration, gouging, health, job hunting, kathleen sebelius, Monday, mortgage refinancing, News, pharmacy manager, prescription, President, Refinancing, repayment of student loans, student Comments OffCourt approves $1.15 billion settlement for black farmers in Pigford II
October 29th, 2011 davidguide Kris Alingod – AHN News Contributor Washington, D.C., United States (AHN) – A judge has approved a $1.15 billion settlement in the decades-old class action suit filed by black farmers against U.S. Department of Agriculture. Judge Paul Friedman of the U.S. District Court for the District of Columbia on Thursday upheld the decision of Congress [...]
Posted in Pay Day Loans Tags: action, agriculture officials, Alingod, bill, class action suit, Decision, discrimination case, farm, farm loan programs, judge, judge paul friedman, Kris, loan forgiveness, Michelle Bachman, News, racial discrimination, ruling, Thursday, Timothy Pigford, usda officials Comments Off