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FHA to Tighten Lending Standards as Defaults Rise

On the heels of our report detailing short-sale flipping and other kinds of mortgage fraud that are on the rise, the Federal Housing Administration plans to
Jul 31, 2020

FHA to Tighten Lending Standards as Defaults Rise

FHA to Tighten Lending Standards as Defaults Rise

On the heels of our report detailing short-sale flipping and other kinds of mortgage fraud that are on the rise, the Federal Housing Administration plans to
On the heels of our report detailing short-sale flipping and other kinds of mortgage fraud that are on the rise, the Federal Housing Administration plans to
Jul 31, 2020

South Korean firm invests in Fort Dodge, Iowa, but critics say Branstad still short on promises

South Korean firm invests in Fort Dodge, Iowa, but critics say Branstad still short on promises

About 180 jobs are coming to the Fort Dodge area thanks to a $324 million investment from South Korean company CJ Cheiljedang, but a state senator says Gov. Terry Branstad is still way behind on his campaign promise to create 200,000 new jobs over five years. Branstad today announced the facility, which will produce amino acids through fermentation technologies.
About 180 jobs are coming to the Fort Dodge area thanks to a $324 million investment from South Korean company CJ Cheiljedang, but a state senator says Gov. Terry Branstad is still way behind on his campaign promise to create 200,000 new jobs over five years. Branstad today announced the facility, which will produce amino acids through fermentation technologies.
Jul 31, 2020

Even Economists Have a Sense of Humor

Even Economists Have a Sense of Humor

At The Big Picture, they’re making the best of what promises to be a scary ride on Wall Street today. Here’s a bit of their advice: I assume that readers
At The Big Picture, they’re making the best of what promises to be a scary ride on Wall Street today. Here’s a bit of their advice: I assume that readers
Jul 31, 2020

On oil spill aniversary, claims fund is touted for its progress

On oil spill aniversary, claims fund is touted for its progress

Oil Spill claims administrator Kenneth Feinberg marked this week’s anniversary of the Deepwater Horizon oil spill (the rig exploded on April 20, 2010) by highlighting the fund’s progress and defending the fact that the bulk of the claims paid by the fund have been so-called quick payments. # Since the final payment process began, the Gulf Coast Claims Facility has paid Floridians nearly $425 million in “quick payments,” in which individuals and businesses who have already received emergency payments can collect $5,000 and $25,000 respectively without documenting additional damages. # The fund has paid Floridians another $34 million in interim payments, which allow claimants to come back for more money every three months, and $55 million in final payments, which require them to waive their right to sue
Oil Spill claims administrator Kenneth Feinberg marked this week’s anniversary of the Deepwater Horizon oil spill (the rig exploded on April 20, 2010) by highlighting the fund’s progress and defending the fact that the bulk of the claims paid by the fund have been so-called quick payments. # Since the final payment process began, the Gulf Coast Claims Facility has paid Floridians nearly $425 million in “quick payments,” in which individuals and businesses who have already received emergency payments can collect $5,000 and $25,000 respectively without documenting additional damages. # The fund has paid Floridians another $34 million in interim payments, which allow claimants to come back for more money every three months, and $55 million in final payments, which require them to waive their right to sue
Jul 31, 2020
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