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Latest Relevant News

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01/07/2009 01:15 PM


Meltdown 101: What shows up in the Fed minutes? - Associated Press


WASHINGTON (AP) -- Clues about where Federal Reserve officials see the economy heading - or how they can better battle the worst financial crisis since the 1930s - can be uncovered in documents released a few weeks after their closed-door meetings ...



01/07/2009 03:45 PM


Late loan payments have hit record high - Newsday


BOSTON - Late payments on consumer loans in last year's third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association said Wednesday. The association said delinquencies rose to a seasonally adjusted 2.9 ...



01/07/2009 06:51 PM


Governor sees New York in 'perilous' state - Newsday


ALBANY, N.Y. - Gov. David Paterson sees New York 's condition as "perilous," but the courage to balance the government's budget and priorities can create "a brighter, smarter future," though it could take months and even years. In his first State of ...



01/07/2009 05:25 PM


Fitch Downgrades 1 Class of GMAC 1999-C1; Maintains Outlooks - Earthtimes


--$16.3 million class C at 'AAA'; Outlook Stable; --$86.7 million class D at 'AAA'; Outlook Stable; --$20 million class E at 'AAA'; Outlook Stable; --$83.4 million class F at 'A-'; Outlook Positive; --$13.3 million class G at 'BBB'; Outlook Stable ...



01/02/2009 11:58 PM


US Treasury finalises $4b loan to Chrysler - Times of Oman


NEW YORK: The US Treasury said Friday it has finalized a 4-billion-dollar loan to troubled cash-strapped carmaker Chrysler. "Treasury today finalized the loan transaction for Chrysler car company and funded the full amount of 4 billion dollars ...



01/07/2009 12:53 PM


NY adopts clean air rules, stricter than EPA's - Buffalo News


New York environmental regulators adopted stricter air pollution rules on Tuesday to prevent power plants and factories from belching out more smog and soot. Under rules adopted by the New York State Environmental Board, new industrial plants - as ...



01/07/2009 01:58 PM


Forbes Names Hudson City Best-Managed Bank in America Two Years in a ... - PR Newswire


PARAMUS, N.J., Jan. 7 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. ("Hudson City") (NASDAQ: HCBK) , the largest savings bank in the United States, was named one of the Best Big Companies in America and singled out as The Best-Managed Bank in ...



01/05/2009 03:40 PM


NY Fed begins purchasing mortgage securities - Washington Post


NEW YORK -- The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend $500 billion to buy ...



01/07/2009 01:29 PM


Stroock Names New Partners and Special Counsel - Earthtimes


NEW YORK, NY -- 01/07/09 -- Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, named three new Partners and six new Special Counsel, effective January 1, 2009. "These are exceptional attorneys, in ...



01/05/2009 03:33 PM


Federal Reserve Bank of NY begins buying mortgage-backed securities to ... - Hartford Courant


NEW YORK (AP) — The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend $500 billion ...


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01/05/2009 11:51 PM


Tax Refund Loans: Know Your Rights | WBNG-TV Binghamton, NY ...


"What these refund loans are and what they can't be anymore is advertised as a loan against your refund," Loomis said. "It is simply a loan and you're responsible to repay that loan even if you don't get enough in your refund to do it." ...



01/07/2009 03:25 PM


Liput Group Mortgage Industry and Financial News Blog: NY Attorney ...


NY Attorney General Targets GreenPoint Mortgage for Fleecing Minority Loan Applicants. Two New York mortgage brokers have settled charges that they charged minorities thousands of dollars more in fees, while a third broker faces a ...



01/06/2009 01:41 PM


NY AG: Mortgage Brokers Admit to Fee Gouging, Discrimination ...


Latino borrowers who received a single home mortgage loan through HCI Mortgage paid on average 55 percent more in fees, or about $2680, than white customers, while African-American borrowers who received a single home mortgage loan were ...



01/07/2009 01:17 PM


Oregon Housing Blog: Cuomo Reaches NY Fair Housing $$ Settlement ...


"The Attorney General’s investigation found that Latino borrowers who received a single home mortgage loan through HCI Mortgage paid on average 55 percent more in fees, or about $2680, than White customers. ...



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01/02/2009 08:00 AM


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