Ayinde O. Chase – AHN News Editor
Chicago, IL, United States (AHN) – A homeless man who had been living on the streets of Chicago since 2004 has given an out-of-work single mother thousands of dollars. Curtis Jackson had been panhandling for years. However since last year he has been providing for the Good Samaritan who once gave him a few dollars and inquired as to how he was making out. However, the kind woman who lent a helping hand lost her job at a local bank. She subsequently wasn’t able to pay her mortgage and lost her home. She had been residing in a hotel with [...] Continue Reading…

The Georgia Department of Banking and Finance said it obtained superior court orders authorizing it to take possession of two banks in the state. The Washington Department of Financial Institutions closed down a bank in that state. In addition, Merit Mortgage Services has advised its loan correspondents of its [...] Continue Reading…

Signing a roommate agreement is a way to help prevent misunderstandings and unhappiness down the line.

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Home offices have become so desirable that they are now showing up as amenities in new construction.

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The credit crunch began officially just over two years and since then many UK citizens and industries have suffered badly economically. The mortgage and remortgage and housing industries have been ravaged by the economic downturn more than most other sectors. People simply did not have the confidence in their financial future to move house including buying a new built property. As a result many new built properties have remained unsold and builders have had to reduce their prices by enormous amounts simply to recoup their costs and have not been producing much profit. Even areas that were property hotspots such as Cardiff harbour with the city having been promised [...] Continue Reading…

Elizabeth, NJ, United States (AHN) – “Nazareth Classic” and “Nazareth Light” cheese has been recalled by Atalanta Corporation, an Elizabeth, New Jersey based food distributor, because the product has the potential to be contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women. Less than 70 cases of the recalled “Nazareth Classic and Nazareth Light Cheeses” were distributed mostly in [...] Continue Reading…

A settlement with U.S. Bank was announced by the Department of Housing and Urban Development. The bank allegedly did not meet underwriting standards on more than two dozen Federal Housing Administration mortgages. The agreement calls for a payment of more than $1 million.
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Vittorio Hernandez – AHN News
Detroit, MI, United States (AHN) – Chrysler Group has apparently recovered from the slump that hit the auto industry in 2008. With the carmaker’s start of recovery, the company will repay on May 24 the $7.5 billion it borrowed from the U.S. and Canadian governments to further improve its bottom line. The loans were part of the bankruptcy restructuring that the two governments extended to Chrysler and General Motors when the U.S. car industry was about to collapse from weak sales. The repayment of the loans is a condition for new Chrysler operator, Fiat, to increase its stake in the American car manufacturing [...] Continue Reading…

Some people who feel financially secure are considering a mortgage for a shorter duration than the traditional 25-30 years. This can drastically reduce your overall payments, but can also mean that if your situation changes, you will be locked in at a high mortgage payment. Is it worth it to take out a longer mortgage and make extra payments?One definite advantage of short term mortgages is the interest rates, which can be several points below that of a 25-40 year mortgage. If you are confident that the rates are going down or will stay level, a short term mortgage that repeats may be a smart choice. However, it is [...] Continue Reading…