Archive for May, 2011

Save Your Home: Foreclosure Prevention Workshop Scheduled for Elgin on June 2, Schaumburg on June 4

As evidence of bank fraud escalates, homeowners facing foreclosure have options to remain in their homes. The Neighborhood Community Foundation conducts the free workshop to educate consumers about those options. Read the full story at (55 mins ago)

Workers reject latest offer from Canada Post

The union representing Canada Post’s urban workers has given the Crown corporation an ultimatum that it will go on strike late Thursday night if its final offer is rejected. (1 hour ago)

Home sales turnaround on horizon, analysts say

Nashville’s three-year-long real estate slump is expected to soon turn around, according to independent analysts. (6 mins ago)

Canada’s bank profits up amid brisk competition

Toronto-Dominion Bank , CIBC rebound after sharply reducing the amount of money set aside to cover bad loans. (12 mins ago)

Chrysler pays back bailout loans, looks ahead

Now that its government loans are repaid, Chrysler Group LLC hopes consumers will measure it and make it solidly profitable by buying its cars and trucks. (26 mins ago)

Philly mob boss , others indicted

Philly mob boss: On Monday, in a move that could signal the end of Ligambi’s run, the alleged mob kingpin, was named in an indictment built around gambling and loan-sharking operations. (18 mins ago)

Rockland’s Summit Park sale plan carries long-run taxpayer risk, other counties show

A proposal to spin off the county hospital and nursing home to close an $18 million gap in Rockland’s budget this year may cost taxpayers millions more in the long run, based on other counties’ experience with similar plans. (13 mins ago)

Deja vu for debt-ridden Greece

ATHENS — An economy in deep trouble, European pressure for quicker reforms and domestic politicians at each others throats: its deja vu for Greece which needs a new lifeline after nearly hitting the rocks last year. (24 mins ago)

Peter Boutell, Lending a Hand: A co-signer could help you qualify for home loan

If you do not make enough money to qualify for a home loan, a co-signer may be the solution. The general rule in the mortgage industry is that the homebuyers cannot spend more than 45 percent to 50 percent of their monthly gross income on all of their long term monthly debts. (1 hour ago)

CFPB Announces Plans to Simplify Mortgage Process

This week, federal regulators announced plans to scale back mortgage paperwork for home buyers via a more streamlined application process, a movement being headed up by the newly created Consumer Financial Protection Bureau. (41 mins ago)