Rocky Point Real Estate News
Wednesday Apr 1 | via Newsday
Ted Papas, field supervisor for Cipco Boarding Co., boards up an abandoned house in Babylon on Aug. 26, 2014. Photo Credit: Newsday / Jeffrey Basinger Municipalities have to shoulder the responsibility for maintaining zombie homes. Comment?
Friday Mar 27 | via LongIsland.com
March 27, 2015 - An indictment was unsealed today in United States District Court for the Eastern District of New York charging Jerry Campora, Jr., a resident of Setauket, New York, with eight counts of mail fraud. Campora was arraigned this afternoon before United States District Judge Joanna Seybert at the federal courthouse in Central Islip. Comment?
Mar 20, 2015 | via Newsday
Neighborhoods across Long Island are battling an epidemic of blighted, abandoned houses as municipalities spend millions of tax dollars trying to maintain structures that fester with rats, mold, weeds and squatters. Long Island communities are littered with empty, neglected homes -- from small Cape Cod-style houses in Levittown, America's first suburb, to large Colonials in upscale Hamptons... Neighborhoods across Long Island are battling an epidemic of blighted, abandoned houses as municipalities spend millions of tax dollars trying to maintain structures that fester with rats, mold, weeds and squatters. Comment?
Mar 17, 2015 | via Albany Times Union
The Empire Center is out with a benchmarking or ranking of property tax rates and they have found that based on each $1,000 worth of home value, Binghamton residents have the highest tax burden statewide. Part of that is due to the struggling city's low home prices, and what is likely a high overhead and school cost that plagues lots of upstate communities. Comment?
Mar 16, 2015 | via Newsday
In Nassau County, homes sold for a median price of $408,500, up 3.5 percent compared to the previous February, according to a report Monday by the Multiple Listing Service of Long Island. The number of sales increased by 3.4 percent, to 662. Comment?
Yesterday | via MacLeans
April 20: Prepare yourself for the federal budget. Plus, Mobilegeddon, a party on the Chinese markets, and the economics of marijuana After last week's barrage of central bankers and IMF meetings, this week is all about budgets - that is, the federal budget - and earnings, as major companies begin reporting their latest results this week. Comment?
Friday Apr 17 | via Black Voice News
It is ironic that April is Fair Housing Month and the U.S. Senate has yet to schedule a vote on the nomination of the first Black woman to become the nation's Attorney General. Nominated on November 14, the nomination of Loretta Lynch has lingered longer than the seven previous attorneys generals combined. Comment?
Friday Apr 17 | via Seeking Alpha
Yes, more Greece, ever more Greece. Well, the focus is still very much there. It's not the only topic, obviously, China warrants interest too, certainly with things like Tyler Durden quoting Cornerstone Macro as saying China's true economic growth rate was just 1.6% in Q1 2015 , not the official government number of 7%. Comment?
Thursday Apr 16 | via CNN
Kim Richards of the "Real Housewives of Beverly Hills" was arrested and accused of trespassing, resisting arrest and public intoxication on Thursday, April 16. Richards is pictured in a scene from the "Reunion" episode that aired March 31. Apollo Nida, husband of Phaedra Parks from "Real Housewives of Atlanta," was sentenced July 8 to eight years in prison followed by five years of supervised release "for conspiring to commit mail, wire and bank fraud." It seems that may have taken a toll on the couple's marriage; Phaedra Parks has retained a lawyer with the intent to "amicably her marriage," a rep for the reality star said. Comment?
Thursday Apr 16 | via DNAinfo.com
Ramon Lebron knew he was the perfect candidate for the information technology job at a financial firm. The company was interested in him after an interview but told him that they would check his credit as part of the hiring process. Comment?
3 min ago | via GhanaWeb
Dr Onsy Nathan Kwame Nkrumah, son of late President Kwame Nkrumah, has appealed to President Mahama to refund any cash his government has received from the International Monetary Fund through the bailout deal between Ghana and the IMF, reiterating strongly that the deal is not in the best interest of the country. Comment?
4 min ago | via The Truth About Mortgage
Today, the Consumer Financial Protection Bureau and the Federal Trade Commission ordered Green Tree Servicing to pay $48 million in borrower restitution along with a $15 million fine to the CFPB's Civil Penalty Fund. CFPB Director Richard Cordray said in a release that the company "failed consumers who were struggling by prioritizing collecting payments over helping homeowners." Comment?
7 min ago | via National Mortgage News
Federal regulators fined mortgage servicer Green Tree Servicing $63 million in penalties and restitution on Tuesday, alleging that it mistreated borrowers at risk of foreclosure and failed to honor modifications of loans transferred from other servicers. The Consumer Financial Protection Bureau and Federal Trade Commission claimed Green Tree "demanded payments before providing loss mitigation options," and "harassed and threatened overdue borrowers," among other things. Comment?
8 min ago | via National Mortgage News
Republicans may have found a targeted term to explain why their financial reforms are stalling in Washington: the "Elizabeth Warren phenomenon." That was the phrase used by Rep. Patrick McHenry, R-N.C., to explain why certain regulatory relief bills were at a standstill. Comment?
11 min ago | via TwinCities
Under the proposed settlement agreement with the Federal Trade Commission and the Consumer Financial Protection Bureau, the St. Paul-based mortgage servicer will make $48 million in payments to affected consumers and pay a $15 million civil penalty. "It's against the law for a loan servicer to lie about the debts people owe, or threaten and harass people about their debts," said Jessica Rich, director of the FTC's Bureau of Consumer Protection, in a news release. Comment?
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