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Birmingham Mayor Larry Langford Faces Bribery Charges (Update2) - BloombergDec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...
Foreclosure: Nevadans hit hard in national crisis - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Sponsored by: - Reno GazetteAs of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
With markets in turmoil, how to buy gold bars - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. With the market in turmoil, I may buy some gold ...
McCain's Mortgage Plan Calls for Lowering Rates for Homeowners - BloombergOct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers, an adviser said. ``We certainly want to get the rates down,'' McCain senior ...
Roller Coaster Economy Tightens Credit For Wheat Growers - CattleNetwork.comWith dim prospects for higher prices on the near horizon, some eastern Washington wheat growers may be forced to sell their crops at less than break-even prices to pay off loans they obtained to plant this year's crop. "Banks are less inclined to ...
The Feds' Next Step After Rescuing Banks - BusinessWeekBy Jane Sasseen So far, attempts to slow the foreclosure epidemic at the center of the crisis have had little impact. Despite "voluntary" industrywide efforts to rework troubled mortgages—efforts that Treasury Secretary Henry Paulson jawboned banks ...
McCain's plan to overpay mortgage lenders - SalonThe McCain mortgage bailout mystery thickens. Even though a good case can be made that the plan is a repackaging of earlier Democratic efforts to get aid to homeowners, the Obama campaign is opposing it: John McCain wants the government to massively ...
The right solution - Baltimore SunI f there's a bright side to the Countrywide Financial Corp. disaster for beleaguered subprime mortgage holders, it's this: Bank of America now owns the Countrywide portfolio and is moving to restructure loans as part of an $8.4 billion settlement ...