Cited: Reuters/Daily News
OnOctober 28, Wells Fargo admitted it made mistakes in the paperwork of thousands of foreclosures and promised to fix them. According to the Wall Street Journal, Bank of America Corp found mistakes in foreclosure files as it began a review of 102,000 cases.
Wells Fargo, a San Francisco-based bank, said it plans to refile [...]
Cited: Reuters
On October 27, a senior treasury official said that the US Treasury does not foresee a systemic financial threat due to the possibility that banks will be forced to buy back mortgage securities of faulty foreclosure documents
But the foreclosure controversy could put downward pressure on home prices by delaying the sale of thousands of [...]
Cited: ABC news
Thanks to the new tax code, a whole new set of questions have popped up concerning the process of predicting anyone’s annual federal tax bill, which is rarely anyone’s idea of a great time.
If Congress doesn’t take action soon on an array of tax cuts and tax credits set to expire this year, [...]
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cited: The Guardian
Even as 17-year-old Mike Perham lands in Portsmouth tomorrow as the youngest solo sailor to circumnavigate the globe, 10,000 miles away in Queensland, Australia, another teenager is poised to try to wrest the record from him.
Jessica Watson, 16, is the next in a queue of super-teens eager to pit themselves against the elements. [...]
When the Times picked up a story about how the megawealthy are- for the first time in 30 years- not rapidly becoming wealthier, we were able to see how the impact of this recession has reached everyone, right? Well, not quite. At least us penny-pinchers go to feel the thrill of justice, reading about how [...]
