A breakdown of servicers taking part in Treasury’s loan-modification plan to aid homeownersA look at the loan servicers in Treasury’s mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they’ve offered to modify so far. The servicers will keep some of Treasury’s money and will pass some of it on to investors and homeowners. (Modification figures are not available for some servicers because they joined the program too recently.) AP IMPACT: Mortgage middlemen to profit from gov’t housing bailout despite checkered pastWASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they’re supposed to help, an Associated Press investigation has found. Have video camera, will report: New journalists roam the world in search of storiesSAN FRANCISCO — Young, adventurous and versed in the tools of an Internet age, a brave new generation of journalists is spreading out across the globe to tell the stories they care about from an often personal perspective. Factory orders rose unexpectedly in June, driven by higher prices for petroleum productsWASHINGTON — Factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign of recovery in the ailing manufacturing sector. Police car camera captures questionable Fla. officer conduct, latest of unsettling videosHOLLYWOOD, Fla. — Veteran Hollywood Police Officer Dewey Pressley said he hated lying. But if bending the truth a little would keep a fellow officer out of trouble, well, he was all for it. Report finds only 9 pct of homeowners getting help; 10 mortgage companies haven’t helped anyWASHINGTON — The government’s $50 billion program to ease the mortgage crisis is helping only a tiny fraction of struggling homeowners, and a list released Tuesday showed which lenders are laggards. Report finds Bank of America, Wells Fargo lagging on mortgage aid programWASHINGTON — Both Bank of America and Wells Fargo got low marks in the first monthly report card on the Obama administration’s plan to stem the foreclosure crisis. Report says lenders in Obama housing plan offered help to 15 percent of eligible borrowersWASHINGTON — Only 15 percent of homeowners eligible for the Obama administration’s $50 billion loan modification program have been offered help so far. UBS posts 2Q loss of $1.3 billion, seventh quarterly loss in 2 yearsGENEVA — Hard-hit Swiss bank UBS AG reported another quarterly loss Tuesday while France’s BNP Paribas posted a 6.6 percent increase in net profit. Sheriff to take new look at 20-year-old murder of Mo. farm wife after AP investigationCOLUMBIA, Mo. — A Missouri sheriff said Monday that he will take a fresh look at the 1990 slaying of a farm wife after an Associated Press review raised questions about the investigation. 2 companies sued in Minneapolis bridge collapse keep landing state highway contractsST. PAUL, Minn. — Two companies the state accuses of negligence that contributed to the Interstate 35W bridge collapse have won a combined $50 million in new highway and bridge contracts since the deadly disaster two years ago. Can shame boost Obama administration’s effort to stem foreclosure crisis?WASHINGTON — The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes to foreclosure. MGM Mirage moves to 2nd-quarter loss amid impairment charges, spending pullback of gamblersLAS VEGAS — Casino operator MGM Mirage lost $212.6 million in the second quarter this year as it recorded hefty impairment charges and consumers gambled less during the recession. Aryan Nations organization long gone from northern Idaho, but reputation still stains areaHAYDEN LAKE, Idaho — The house where Aryan Nations founder Richard Butler lived has been demolished. So has the church where he preached his racist religion. Cows graze where hundreds of white supremacists used to burn crosses in the summer. ‘YouTube’ inspired youth to take away ATM in PunjabHOSHIARPUR - It took an ‘inspiration’ from a similar crime in California state in the US and posted on internet website ‘YouTube’ for two youth in this Punjab town to take away the automated teller machine (ATM) of a leading private bank here Friday. Regulators close banks in Fla., NJ, Ohio, Okla., Ill.; 69 US bank failures this yearWASHINGTON — Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. Regulators close banks in Florida, New Jersey, Ohio, Oklahoma; 68 US bank failures this yearWASHINGTON — Regulators on Friday shut down banks in Florida, New Jersey, Ohio and Oklahoma, boosting to 68 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. Wall Street keeps paying out huge bonuses to star performers as recession batters economyNEW YORK — Even when their profits dried up and they turned to taxpayers to stay afloat, the nation’s biggest banks kept paying huge bonuses. But much of the money went not to top executives, but to star traders and salesmen, even as the economy battled through the worst recession in a generation. Limit those bonuses, House votes, in measure aimed at restraining risky Wall Street behaviorWASHINGTON — Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risks so big they could bring down the entire economy. Chase finishes converting 694 former Washington Mutual branches in 7 statesNEW YORK — JPMorgan Chase & Co. said Friday it has converted former Washington Mutual branches in seven states to Chase systems and is on track to finish absorbing WaMu by year’s end. House votes to slap restrictions on how Wall Street executives get paidWASHINGTON — The House voted Friday to slap restrictions on how Wall Street executives are paid after nine banks that took government bailout money rewarded thousands of their employees with bonuses topping $1 million each. ALL BUSINESS: Thank Uncle Sam for some of the surprising strength in bank earningsNEW YORK — Bank CEOs should give Uncle Sam a little kudos in their earnings reports. Without the U.S. government’s help, financial companies wouldn’t be showing such stellar results in the midst of a recession. Congress wants to give government direct role in deciding how Wall Street gets paidWASHINGTON — The House moved toward passing legislation Friday to rein in salaries and bonuses for executives on Wall Street, a day after it was disclosed that nine bailed-out banks awarded million-dollar-plus bonuses to thousands of its employees. Haitians wait anxiously to learn if family died in deadly capsizing off Turks and CaicosCAP HAITIEN, Haiti — Dozens of anxious Haitians waited at an airport Thursday to learn whether family members were among the survivors of a sailboat packed with migrants that struck a coral reef and broke apart, killing at least 15 people and leaving dozens missing. 2 key lawmakers announce agreement on guidelines for legislation to rein in derivativesWASHINGTON — Two influential House lawmakers on Thursday announced an agreement on guidelines for legislation to impose broad new oversight on the financial instruments blamed for hastening the global economic crisis. Banks nudge up borrowing to $33.8 billion from Fed’s emergency program, but cut back elsewhereWASHINGTON — Banks nudged up borrowing from the Federal Reserve’s emergency lending facility over the past week, while cutting back on other programs designed to ease the financial crisis. The overall picture suggests some credit stresses are easing. Mild season in Tornado Alley delights most folks, but leaves scientists twisting in the windDES MOINES, Iowa — This has been an unusually mild year in Tornado Alley, which is good news, of course, for the people who live here, but a little frustrating to scientists who planned to chase twisters as part of a $10 million research project. NY AG: Citigroup, which got $45 billion in govt. money, paid more than $5 billion in bonusesNEW YORK — Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York’s attorney general said Thursday in a report detailing the payouts by nine big banks. New jobless claims up, mainly due to seasonal changes, but trend is down; fewer receiving aidWASHINGTON — The number of newly laid-off workers filing first-time claims for jobless benefits rose last week, the government said, though the increase was mostly due to seasonal distortions. Turks and Caicos police begin 4th day of search for survivors from Haitian shipwreckPROVIDENCIALES, Turks and Caicos — Police boats circled an uninhabited island Thursday looking for dozens of Haitian migrants missing from a deadly shipwreck, but rescuers had little hope of finding any survivors as the search entered its fourth day. |
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