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Exclusive: Mexico bank reform would ease legal hurdles to boost credit
ReutersMEXICO CITY (Reuters) - Mexico's government wants to boost lending by making it easier for banks to collect on guarantees for bad loans and by giving regulators new powers to punish firms that do not lend enough, according to a draft of a new banking...Tags: Business, Environmental Issues, Conservation, National Government, Money and Monetary Policy
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High School Seniors Face Tough Decisions As They Weigh, Decipher Financial Aid Awards
The Hartford CourantFor many high school seniors, April is indeed the cruelest month. The euphoria over the acceptance letters they received last month or earlier often gives way in April when they get their financial aid offer — an array of grants and loans that can...Tags: Schools, West Hartford, Colleges and Universities, Awards and Prizes, Hartford (Hartford, Connecticut)
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Did we learn anything from the subprime loan crisis?
A dangerous confluence of recent business stories have been attention grabbers. First, the Obama administration announced an initiative to ensure more home loans for those with weak credit. Then, a number of prominent economists issued forecasts...
Tags: Mortgages, Robert L. Ehrlich Jr., Justice and Rights, Human Interest, Federal Reserve
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Student debt could hamper future economic growth, study says
Looming student debt could hamper future economic growth as young people tamp down on spending and borrowing in the years to come. Compared with counterparts not saddled with student loans, these young workers are less likely to take out mortgages or...
Tags: Federal Reserve, Employees, Career and Workplace, Housing Industry, Consumers
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Lawmakers protect payday lenders, not their customers
A bill to limit payday lending that The Times' editorial board championed Monday died in a state Senate committee Wednesday, after several lawmakers said they feared the bill would cut off hard-pressed consumers from a ready source of cash. To which I...
Tags: Interior Policy, Finance, Crime, Law and Justice, Economy, Business and Finance, Pension and Welfare
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Freddie Mac: Mortgage rates ease again; 30-year fixed at 3.41%
Mortgage rates sank this week toward record lows, with lenders offering 30-year fixed home loans to solid borrowers at an average 3.41%, down from 3.43% a week ago, Freddie Mac’s weekly report showed. It was the lowest rate the survey has recorded...
Tags: Petroleum Industry, Mortgages, Finance, Freddie Mac, Economic Indicator
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GOP chairman's brother wins key court ruling
DETROIT (AP) — A new law prevents a bank from trying to collect more than $2 million from a developer who is the brother of the chairman of the Michigan Republican Party, a state appeals court said in a decision released Wednesday. Wells Fargo had...
Tags: Judges, Housing Industry, Crime, Law and Justice, Lawyers, Justice System
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BofA Profit Misses Estimates As Revenue Falls
Bank of America Corp., parent of Connecticut's largest bank, reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday. Net income quadrupled to $2.62...Tags: Quarterly or Semiannual Financial Statements, Federal Reserve, Mortgages, Bank of America Corp., Earnings
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This week in government
Scheduled meetings this week of the Washington County Commissioners and Hagerstown Mayor and Council (the Washington County Board of Education meeting scheduled for Tuesday has been canceled): WASHINGTON COUNTY COMMISSIONERS County Administration...Tags: Science and Technology, Local Government, T. Rowe Price, Hagerstown (Washington, Maryland)
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State's budget fakery takes a toll on charter schools
The CHIME Institute charter school of Woodland Hills would be hard pressed to make ends meet without the help of a program sponsored by the Local Initiatives Support Corp., a New York nonprofit active in underprivileged communities across the nation. So...Tags: Budgets and Budgeting, Los Angeles Unified School District, Finance, Students, Economy, Business and Finance
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Washington County Commissioners take action on two loan agreements
cj.lovelace@herald-mail.comThe Washington County Board of Commissioners on Tuesday unanimously approved two measures to remedy situations involving two businesses that have defaulted on county-issued loans — canceling one and extending another. By a 4-0 vote, the...Tags: Contracts, Investment Service, T. Rowe Price, Maryland Department of Business and Economic Development, Hagerstown (Washington, Maryland)
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Loss-share agreements abuse public
In November 2011, I wrote a column about FDIC loss-share agreements and how banks who exploit them were reaping windfalls while prolonging the foreclosure crisis, depressing property values and harming American families. The FDIC took issue with my...Tags: Judges, Mortgages, Fox News Channel (tv network), Crime, Law and Justice, Foreclosures
Apr 22, 2013
|Story| Reuters
Apr 21, 2013
|Story| Hartford Courant
Apr 21, 2013
|Column| Baltimore Sun
Apr 18, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 10, 2013
|Story| Petoskey News
Apr 17, 2013
|Story| Hartford Courant
Apr 16, 2013
|Story| Herald Mail
Apr 16, 2013
|Column| Los Angeles Times
Apr 16, 2013
|Story| Herald Mail
Apr 14, 2013
|Column| South Florida Sun-Sentinel
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