Mardi Gras, Mortgages & Muffulettas OurBroker.com While the national unemployment rate was 8.5 percent in December, it was 6.8 percent for Louisiana and 7.1 percent in New Orleans. So — despite Katrina — the state is doing better than a lot of places in terms of both foreclosures and employment.
Foreclosure Deal Deadline Arrives as States Consider Releases BusinessWeek 6 (Bloomberg) -- States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up.
Beware Pricing Pressure As Macy's, Home Depot Rally CNBC.com (blog) You want to be in Home Depot, which is going to be benefitting from the foreclosures being rehabbed. You want to be in something like Costco That doesn't mean you should also buy Lowe's “I think you go with the one that has actually worked and has got ...
Banks in Mortgage Deal Are Said to Demand New York MERS Lawsuit Be Dropped Bloomberg The proposed nationwide settlement would set requirements for how the banks conduct foreclosures, provide mortgage refinancings for underwater borrowers, and both fund loan principal reductions and make payments to states and borrowers who lost their ...
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup ... Sacramento Bee Touted as the largest joint federal-state settlement ever, the foreclosure mess settlement deal includes 49 states' attorneys general and federal agencies – the Department of Justice (DoJ) and the Department of Housing and Urban Development (HUD).
Boyd narrows losses amid steady performance by local casinos VEGAS INC Boyd has 17 casinos in the Las Vegas area, New Jersey, Mississippi, Illinois, Indiana, and Louisiana. The fourth quarter results include net revenue of $152.7 million from the company's Las Vegas locals' properties Sam's Town, Gold Coast, ...
Who's the Big Bad Wolf Now on Foreclosure Fraud and Abuse? Economic Populist To date that's been the story of the banks as the big bad wolf, blowing houses down all over America with fraudulent foreclosures, viewing home owners as tasty piglet snacks of profit. Will we ever see role reversal in this never ending grim tale?
Raging Against The Foreclosure Machine NJ TODAY She also took the unusual step of requiring the servicer to audit about 400 home loan files in cases in the Eastern District of Louisiana. Wells fought successfully to keep the results of the audit under seal, and last summer a federal appeals court ...
Foreclosure Sales Rate 4 Times Faster in Non-Judicial States eCreditDaily.com The foreclosure crisis is very much a tale of two states – judicial versus non-judicial. In the 23 states were a judge has the final say, the foreclosure pipeline has stalled, compared to the 27 states with a non-judicial and quicker process.