Troy Real Estate News
Real Estate news for Troy, MO continually updated from thousands of sources.
Wednesday | via The Las Vegas Sun
Six years after the collapse of financial firm Lehman Brothers, Nevada has recouped a $50 million investment it made with the now-bankrupt investor. Marshall was treasurer when Nevada purchased $50 million worth of A-rated bonds from Lehman in 2007. Comment?
Wednesday Sep 10 | via Twin Cities Daily Planet
Rising college debts are holding back recovery in the housing markets while housing costs converge with college debts to also hold back recovery for the broader U.S. and Minnesota economies. This drag on economic performance isn't perfectly documented and analyzed yet. Comment?
Wednesday Sep 3 | via Missourian
Some graduates of a suburban St. Louis Catholic school are upset the school asked two female teachers to resign after they were married in New York. Olivia Reichert and Christina Gambaro said Cor Jesu Academy officials asked them to quit in late July after the school received a copy of a mortgage application with the couple's names. Comment?
Tuesday Aug 26 | via Reuters
It took just one day for U.S. Attorney General Eric Holder's announcement Thursday that Bank of America would pay $16.65 billion over charges of fraudulent mortgage origination, securitization and servicing to have an impact. Comment?
Monday Aug 25 | via Information Technology
Fitch Ratings affirms the 'A+' rating on the following bonds issued by the Industrial Development Authority of St. Joseph, Missouri on behalf of Heartland Regional Medical Center . Comment?
1 min ago | via East Haddam Today
Community Renewal Team has expanded it's free homeowner foreclosure prevention program to now include all income levels. CRT's expanded foreclosure prevention program is due in part to increased federal funding to programs that help homeowners, according to a statement issued by the organization. Comment?
2 min ago | via Reuters
Richmond Federal Reserve President Jeffrey Lacker on Friday identified himself as the lone dissenter on the Fed's so-called exit strategy, and said his opposition stemmed from the central bank's plan to keep holding mortgage-backed securities. Lacker has previously opposed the Fed's purchase of mortgage-backed securities because he feels it singles out a certain sector and gives it an advantage over other borrowing by consumers. Comment?
4 min ago | via Reuters
The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected. In a court filing on Thursday night, the U.S. Department of Justice said evidence at trial showed the bank's Countrywide unit lied to the government-controlled mortgage companies about the quality of loans being sold, as Countrywide emphasized speed and volume at the expense of quality. Comment?
19 min ago | via Cape Gazette
If you are buying a home for the first time, you need to establish a reasonably good financial foundation before a lender will approve you for a mortgage loan. Lenders look for a good credit rating, sufficient funds to make the initial down payment and pay the closing costs, and a stable employment situation. Comment?
38 min ago | via Insurance Networking
Hogan takes on the duties from life-unit CEO Jay Wintrob, who worked at AIG for about 15 years and is departing after being passed over for the top job at the insurer. The change puts all of AIG's consumer businesses, such as car, home, travel and life 'They're consolidating the leadership team,' Josh Stirling, an analyst at Sanford C. Bernstein & Co., said by phone. Comment?
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