Press Release (Federal Reserve Board)
The Federal Reserve Board on Thursday announced the launch of an online resource to help consumers make informed choices when refinancing a home loan.
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Property settlement in case of separation/divorce (Deccan Herald)
I have a flat in Hyderabad, registered jointly in my wife and my name. There is outstanding loan for which I am alone paying the EMI. We have now got separated and have agreed that I would give her money for relinquishing her rights on this apartment. How should I proceed? Please advise.
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Can this home be saved? (Pittsburgh Post-Gazette)
After 20 years of living in the Baldwin Township home where they raised three children and poured their life's savings, Randy and Cindy Balzer are on the verge of losing everything.
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National And International Report / U.S. thrifts lose $5.4B in 2Q as more home loans go sour (Pioneer Press)
U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans.
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BUSINESS BRIEFS (Richmond Times-Dispatch)
The State Corporation Commission wants the public's views on proposed rules for late-payment and bad-check charges by telephone companies. The industry is seeking a bad-check charge of $30 and late charges of $5 for home and $20 for business customers. The rules can be found and comments made about them at www.scc.virginia.gov/case.
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Lawyers in Vioxx case to get $1.55B (Honolulu Advertiser)
The federal judge overseeing much of the massive litigation over withdrawn painkiller Vioxx yesterday capped fees for plaintiffs' attorneys at a relatively low 32 percent of the $4.85 billion settlement, saying he had to ensure fees were reasonable.
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Why consider refinancing? (Federal Reserve Board)
The interest rate on your mortgage is tied directly to how much you pay on your mortgage each month--lower rates usually mean lower payments. You may be able to get a lower rate because of changes in the market conditions or because your credit score has improved.
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Workers oppose Shs31b NSSF-Alcon deal (The Monitor)
A decision by the National Social Security Fund board to pursue an out-of-court settlement with Alcon International in the botched Workers House construction deal has infuriated workers, whose remittances sustain the fund.
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How a Group of Ex-Catholic Nuns Saved Their Famous Montecito Retreat Center (Santa Barbara Independent)
El Bosque Road in Montecito is a narrow lane winding past old homes hidden behind thick foliage and shaded by oaks. Follow its curves and you’ll arrive at an old estate that’s changed very little since a community of religious sisters began living there 65 years ago.
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Ginn still negotiating with creditor (The Nassau Guardian)
Almost two months after Ginn officially went into default on a $675 million loan, in part attached to its Grand Bahama project, the developer remains in talks with the lead creditor — the length of those negotiations now suggesting to one Florida real estate expert that talks are centered on more than restructuring.
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