UK Credit Cards

Himes eager to reform Fannie Mae, Freddie Mac
WASHINGTON — Rep. Jim Himes , D-4th, a veteran of Wall Street and housing finance, says he hopes to play a major role in the reform of Fannie Mae and Freddie Mac, the two failed government-sponsored companies that have helped homebuyers get mortgages but which are now in government custody.

Read more on Connecticut Post

BEO Bancorp Reports Strong 2010 Earnings
HEPPNER, Ore.–(BUSINESS WIRE)–BEO Bancorp (OTCBB:BEOB) and its subsidiary, Bank of Eastern Oregon, announced consolidated year end 2010 earnings of $1,656,016, an increase of 328% when compared to $386,721 in 2009. Earnings per share were $1.80 versus $0.43 in 2009. Total assets increased 4.96% from $239.8 million to $251.7 million. Net loans ended 2010 at $191.8 million, up 13.9% year over …

Read more on Business Wire

The Cavaliers’ Losing Streak: A Four-Act Play Of Failure In Cleveland
Gregory Shamus – Getty Images 2 months ago: CLEVELAND OH – DECEMBER 02: Fans hold up signs prior to the Cleveland Cavaliers playing the Miami Heat at Quicken Loans Arena on December 2 2010 in Cleveland Ohio. NOTE TO USER: User expressly acknowledges and agrees that by downloading and or using this photograph User is consenting to the terms and conditions of the Getty Images License Agreement …

Read more on SB Nation

Bookmark To

Mortgage finance overhaul begins to take shape
The Obama administration is pushing ahead with a vast rewrite of the rules of the nation’s mortgage market separately from the delicate task of devising options to abolish mortgage finance giants Fannie Mae and Freddie Mac.

Read more on Washington Post

PAL, PALEA mull partial settlement of labor issues
MANILA, Philippines – The ground crew union and management of local carrier Philippine Airilnes (PAL) have agreed to consider a partial settlement of their disputes before the Office of the President hands down its decision over the year-long labor row.

Read more on ABS-CBNNEWS.com

Don’t let giving break the bank
The North Platte Telegraph For many, the recent recession has brought a renewed dedication to saving. Don’t let holiday spending zap any progress, says Eric Tyson, author of “Personal Finance for Dummies, 6th edition.”

Read more on North Platte Telegraph

Bookmark To

Small business lending slashed by $43 billion last year
The numbers back up what small business owners have been saying for two years: Main Street suffered a brutal credit crunch.

Read more on CNNMoney.com via Yahoo! Finance

Farmers, Greenhouse Owners Take Hit From Storms
While homeowners are still shoveling their walks and worrying about their roofs, farmers throughout the state are seeing winter’s impact at close range, and the view is expensive.

Read more on FOX CT Hartford

Obama wants big changes in mortgages
The Obama administration on Friday officially unveiled its plan to remake the mortgage market and reduce the government’s role in housing finance by winding down Fannie Mae and Freddie Mac.

Read more on CNN Money

Bookmark To

Small Boise businesses feel the lending pinch
Small business owners in Boise say they are feeling the pinch of area banks that take too long to de

Read more on The Idaho Statesman

MassHousing loans preserve Winchester’s Noonan Glen
Winchester’s Noonan Glen will remain affordable for another 60 years, thanks to a little help from MassHousing.

Read more on The Winchester Star

Treasury Dept. report plans phaseout of mortgage giants Fannie, Freddie
U.S. Treasury Secretary Timothy Geithner presented Congress with a set of options for weaning the $11 trillion mortgage market from its dependence on the government, while calling for changes to be phased in “responsibly and carefully” to avoid economic disruptions.

Read more on Seattle Times

Bookmark To

White House wants less gov’t in mortgage system
The NBA’s brightest stars will shine in Los Angeles, Feb. 18 – 20 during All Star weekend. More>>

Read more on WFMJ Youngstown

News: Horseheads offers low interest loans to homeowners
The Village of Horseheads is offering 1.5 percent interest loans to eligible homeowners throughout the village to address critical home repairs, blighted conditions, code violations, safety issues, and/or to provide handicap accessibility in and around the home.

Read more on Press & Sun-Bulletin

Eastday-Ratios said to differ for smaller banks
CHINA has imposed different reserve requirement ratios on some smaller banks after credit surged in January, the China Securities Journal reported yesterday.

Read more on Eastday.com

Bookmark To

Regulators shut banks in Fla., Mich., Wis., Calif.
Regulators on Friday shut down small banks in Florida, Michigan, Wisconsin and California, lifting to 18 the number of bank failures this year. The weak economy and bad debt brought down 157 banks nationwide in 2010.

Read more on WAFF 48 News Huntsville

Cumbria university chiefs set to rule on student fees
University of Cumbria chiefs are hoping to agree next month what they will charge students from 2012 following the Government’s move to increase tuition fees.

Read more on The News and Star

Pittsburg agrees to purchase restaurant in Old Town
PITTSBURG — The City Council has approved an agreement for the city’s power company to purchase the 615 Restaurant in the city’s Old Town from its original operators, according to Mayor Will Casey.

Read more on Oakland Tribune

Bookmark To

White House wants less gov’t in mortgage system
The Obama administration wants to shrink the government’s role in the mortgage system – a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans…

Read more on CBS4 Quad Cities

White House wants less gov’t in mortgage system
The Obama administration wants to shrink the government’s role in the mortgage system – a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans…

Read more on WQOW Eau Claire

White House wants less gov’t in mortgage system
The Obama administration wants to shrink the government’s role in the mortgage system – a proposal that would remake decades of federal policy aimed at getting Americans to buy homes and would probably make home loans…

Read more on WRCB Chattanooga

Bookmark To

Fannie, Freddie may fade away
Treasury reports call for eventual winding down of mortgage giants

Read more on Contra Costa Times

Regulators shut banks in Fla., Mich., Wis., Calif.
Regulators on Friday shut down small banks in Florida, Michigan, Wisconsin and California, lifting to 18 the number of bank failures this year. The weak economy and bad debt brought down 157 banks nationwide in 2010.

Read more on KOLD News 13 Tuscon

The End: Cavaliers Stop Losing Streak At 26
Nearly two months after it started innocently, the Cleveland Cavaliers stopped their NBA-record losing streak at 26 games Friday night with a 126-119 win in overtime against the Los Angeles Clippers, who did all they could to extend the Cavs’ misery.

Read more on WLKY Louisville

Bookmark To

NAMA to make new McKillen decision
NAMA is to make a new decision on whether to acquire the €2.1bn in loans relating to businessman Paddy McKillen in the next two weeks.

Read more on RTE News

Two more arrested in Synergy Finance Group fraud scheme
BAY MINETTE, Ala. — Two more men, Paul Dawyne Liggett, 37, of Fenton, Missouri and Michael David Judd, 33, of Studio City, California were arrested recently on security fraud charges in connection with Synergy Finance Group, and its owner, Richard Tucker, 38, of Robertsdale.

Read more on BaldwinCountyNow.com

Chrysler CEO Sorry for “Shyster” Remark About Bailout Loans
Chrysler CEO Sergio Marchionne puts his foot in his mouth and hustles to apologize. | February 07, 2011 | Chrysler LLC AUBURN HILLS, Michigan — Chrysler CEO Sergio Marchionne has apologized for using the word “shyster” to describe the high-interest, taxpayer-funded loans from the U.S. and Canadian governments that were used to bail out the automaker in 2009.

Read more on Edmunds Inside Line

Bookmark To

After hesitation, Plainfield leaders approve pricey water tank
Delaying the process would have jeopardized low-interest loans for the water system projects, township leaders said.

Read more on The Grand Rapids Press

Feds: Ex-Pa. drinks maker sold ill-gotten jewelry
(AP:PITTSBURGH) The former chief executive of defunct western Pennsylvania soft-drink maker Le-Nature’s Inc. has been indicted again _ this time on charges that he sold or tried to sell, gold, jewels and other valuables he bought with money he allegedly stole from the company.

Read more on INO News

Motown Winter Blast Starts Friday
Motown Winter Blast returns to Detroit Friday. Print Out: Winter Blast 2011 Map Watch: Motown Winter Blast Returns Feb. 11

Read more on ClickOnDetroit

Bookmark To