Jury seated in federal mortgage fraud trial (Hattiesburg American) A jury of 12 people and two alternates has been seated in the federal mortgage fraud trial of Richard Lucas, Kimberly A. Castle and Kenneth Stalnaker.read more...
Stretching and Planning Helps Workers Stay Safe GAINESVILLE - The focus on safety starts before the sun comes up at the construction site for the University of Florida Shands Cancer Hospital.
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Killer driver offers mortgage help (Trinidad Express) An Arima maxi-taxi driver who killed a woman and her baby in a car crash offered on Friday to help the woman's husband with his mortgage payments so that he
Three sentenced in mortgage fraud probe (The Cincinnati Enquirer) Three more individuals were sentenced Thursday by U.S. District Judge Susan Dlott in the ongoing federal probe into the mortgage fraud in Greater Cincinnati.read more...
Mortgage stress explosion in NZ (Stuff) Soaring interest rates and house prices have triggered an explosion in "mortgage stress", with the number of households devoting more than 40% of their take-home pay to home loan repayments
Mortgage data indicate steadier housing market (Financial Times) Mortgage approvals rose to a seven-month high in March as more buyers returned to the housing market in the face of relatively stable prices. Banks and building societies approved 91,000
“It was action that was necessary”
President Bush said Tuesday his administration is prepared to take fresh action—if necessary—to bolster the nation’s flagging economy and financial sector.
“If there needs to be further action we’ll take it,” Bush said during a speech on trade along the docks of this city’s port.
However, the president said his administration would act only “in a way that does not damage the long-term health of our economy.” He wasn’t specific about what sort of action this would preclude.
But Bush has in the past rejected Democratic lawmakers’ ideas on the economy. They include proposals to help struggling families by extending unemployment and food stamp benefits and sending aid to strapped states and to prevent homeowners from foreclosure by allowing bankruptcy judges to adjust loan rates. Read more
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