It was discourteous and downright rude of the Senate to have left for a lengthy Memorial Day holiday without seeing to the passage of the bill seeking extension of the expiry date for unemployment benefits. But that was nothing compared to what the Senate has done now.
After resting for over three weeks the Senate has [...]
25 Jun
Posted by Julia Redstone as Foreclosure
For decades Oak Park and River Forest, in the suburbs of Chicago Midwest has been on the curve of good days. The river and woods separates them from more affluent neighbourhoods but some of the charms are common – stately heritage buildings and tree lined avenues. Maywood however is dominated by Afro-American residents with the [...]
The ordinary American should be careful. The taxman is prowling around – knocking at the slightest hint of suspicion or error. The result could be not only taxes but penalties also. Unemployment benefits can be taxed. Loan amounts forgiven can be taxed. For the self-employed the spending must be in proportion to the income that [...]
23 Jun
Posted by Julia Redstone as Foreclosure
Both in Europe and America the cry is loud and clear that deficits should be whipped. Politicians are angry with the investors for discarding government bonds following the meltdown in Greece. But this sudden intense cry for austerity in fiscal measures, notably among the relatively strong economies, could boomerang leading to the stagnation of Europe [...]
22 Jun
Posted by Julia Redstone as Foreclosure
Ownership of houses has been raised to an iconic level not recently but for many decades. The Federal Housing Authority made its debut as long ago as 1934. Fannie Mae entered the stage in 1938. It was the iconic status of home ownership that led to the housing hysteria
Following the World War II small loans [...]
21 Jun
Posted by Julia Redstone as Foreclosure
The chairperson of the Federal Deposit Insurance Corporation, Sheila Bair, did some honest talking – something that among the banking regulators she alone is capable of following the monetary crisis. She delivered recently a speech on Monday 7th June before Housing Association of Non-profit Developer. It was surprising that the speech did not get its [...]
18 Jun
Posted by Julia Redstone as Foreclosure
Flint City is trying to resurface again by advancing low interest loans coming from the state and federal governments to small business concerns.
The success is not without major failures. The problem is that the loan staff lacks the drive and aggression to collect dues. The federal government in all probability would deduct the funds advanced [...]
17 Jun
Posted by Julia Redstone as Foreclosure
On Jewett Avenue the Cape Cod was foreclosed upon and slid into a state of neglect. There was stagnant water reaching up to the knees in the basement and the plaster was flaking off the kitchen walls. But higher up construction was on full swing to build a spacious suite with a tub nearly the [...]
16 Jun
Posted by Julia Redstone as Foreclosure
The unemployment statistics released by the Labor Department cast a shadow over talks on recovery. In the private sector it is weak. The data lead to the tanking of the stock market. The figures showed that whatever growth there was came from the hiring of workers by the federal government on a temporary basis. The [...]
15 Jun
Posted by Julia Redstone as Foreclosure
Pine Hill (Central Florida) residents of Orlando are being educated on modification of loans by law students. The region has been badly battered by the foreclosure crisis. The students of Florida A & M University are coming to the rescue.
When Louvon Roberson sought modification from a local firm her house had not gone into foreclosure [...]
