Here's the recent articles submitted by timothy mcfarlin
Articles By timothy mcfarlin
Homeowners Take Bank Of America To Court For Withholding Govt. Funds
By: timothy mcfarlin
On March 23rd, in Washington State, homeowners filed a lawsuit in US District Court, against the Bank of America, for withholding funds from the government intended to aid homeowners facing impending foreclosure.(read
entire article)
View : 74 Times
Category : Business
Ny Attorney General Cracks Down On Loan Modification Scams
By: timothy mcfarlin
On March 26th, Andrew Cuomo, New York Attorney General and son of former NY Governor, Mario Cuomo, filed major lawsuits against National Modification Service, Infinity Fund Group and both of their founders/owners. Both loan companies are alleged to have participated in foreclosure rescue scams, nationwide.(read
entire article)
View : 67 Times
Category : Business
Potential Bankruptcy Hits The Big Screen: Sinking Mgm Gets More Time To Settle Tremendous Debt
By: timothy mcfarlin
On Mach 31st, the once major film studio, MGM, now struggling, with its head barley above water, won a bonus six weeks to pay their off their enormous debt;(read
entire article)
View : 52 Times
Category : Business
Government Mortgage Assistance May Lead To Poor Credit Scores
By: timothy mcfarlin
The nearly $75 billion, Making Home Affordable program, introduced by the Obama administration, is effecting homeowners’ credit scores. While the program is certainly helping borrowers avoid foreclosure, it may come at the cost of lowering their credit scores.(read
entire article)
View : 58 Times
Category : Business
Over 1.2 Million Homes Gone Due To Recession
By: timothy mcfarlin
This week, a recent report from the Mortgage Bankers Association, shows 1.2 plus, million households have been lost in the recession.(read
entire article)
View : 90 Times
Category : Business
Co Senator Writes Us Treasury Dept. Asking Hamp Do More
By: timothy mcfarlin
Yesterday, April 8th, 2010, Colorado Senator, Michael Bennet, wrote a letter to the United States Treasury Department, asking for greater assistance and suggested changes to The Home Affordable Modification Program (HAMP).(read
entire article)
View : 70 Times
Category : Business
President Shames Banks And Bailouts
By: timothy mcfarlin
President Barack Obama was recently very direct and on target when making his case for financial reform, close to where the economic crash all began—near Wall Street at the Cooper Union, in lower Manhattan. He, rightfully, blamed the fiscal meltdown, only two years ago, on bankers’ “failure of responsibility.(read
entire article)
View : 66 Times
Category : Business
Republican Politicians Asked To Return Dirty Donations
By: timothy mcfarlin
Attorneys working on the law firm of Scott Rothstein's bankruptcy case, have written to Florida Republican Party, Gov. Charlie Crist and some other politicians, demanding they return the $650,000+ in campaign donations, made by the firm.(read
entire article)
View : 74 Times
Category : Legal
A Shaky Roller Coaster Ride For Six Flags
By: timothy mcfarlin
In Delaware, Six Flags bondholders, who have been fighting over control, told a bankruptcy judge recently they have agreed on a revised Chapter 11 reorganization plan, for the theme park operator.(read
entire article)
View : 83 Times
Category : Business
Cit Group Turns Profit Since Bankruptcy Protection
By: timothy mcfarlin
The CIT Group Inc., a New York based business lender, announced it turned a profit its first quarter since it went through its bankruptcy protection process. This can mean a lot to both the small and midsized businesses which receive financial assistance from CIT Group.(read
entire article)
View : 77 Times
Category : Business
