Committee discusses abandoned structures, fees
BY ROBERTO ACOSTA BURTON — At least one city official is calling for a re-evaluation of the fees associated with the abandoned structures in Burton, with a possible raise in cost to cover staff time. City Assessor Diane Heidenberger said the current $50 fee “is not enough” during an legislative committee [...]
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Banking Reform Proposals: Why They Miss the Mark
Big banks have been widely blamed for creating the global financial crisis, and last month the Obama administration proposed several reforms aimed at restricting their activities. Among them is the so-called Volcker Rule — named after former Fed chairman Paul Volcker — which prohibits banks from trading for [...]
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Douglas Fraser on the differing takes on the housing market
Douglas Fraser on banking and the ups and downs of the airline business
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CML predicts a “bulge” in repossessions
The report says patterns in the early 1990s suggest the market will endure a slow recovery from the peak of mortgage payment problems.
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Ottawa to toughen mortgage rules
Amid warnings about Canadian household debt levels and a possible housing bubble, Finance Minister Jim Flaherty said Tuesday the federal government would make it tougher for people to get a mortgage.
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Housing starts, industrial output fuel US recovery
WASHINGTON (AFP) – US housing construction and industrial production posted better-than-expected increases at the start of the year, the government said Wednesday, fueling economic recovery from recession.
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When a lender is restricted from calling a mortgage due
My wife and I are getting divorced. I am prepared to give her the family home so our children will not be disrupted. Our mortgage lender will not relieve me of our joint obligation to make the monthly payments, but I hope that will not be [...]
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Oil Trades Above $77 After Rising as Dollar Drops Versus Euro
Feb. 17 (Bloomberg) — Crude oil was little changed above $77 a barrel in New York after rising as the dollar fell against the euro on speculation Greece won’t need a European Union bailout to meet deficit-reduction targets.
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CNN – Nearly 75% Of All U.S. Homes Are Affordable
An Amazing Turnabout In The U.S. Housing Market Over The Past Four Years Has Pushed Home Prices To Near Record Levels Of Affordability.
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BNP swings to profit as ING remains in the red
French bank BNP Paribas swings to a fourth-quarter profit of 1.37 billion euros ($1.88 billion), beating market expectations.
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