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11/18/2008 News For:

Mortgages For Teachers

City Council postpones any action on LCCAA mortgages  LORAIN ? City Council postponed action last night on plans to take over mortgages for the Lorain County Community Action Agency for two buildings on Broadway and on an application for $3 million of federal money for foreclosure relief.

Lorain Council to reconsider LCCAA mortgages  LORAIN ? City Council will consider taking another crack at purchasing the mortgages of the Lorain County Community Action Agency. Council sent a revamped ordinance to its Finance and Claims Committee for further discussion next Monday. Councilman Eddie Edwards, D-5th Ward, sponsored the ordinance, which calls to purchase two mortgage loans, one of [...]

2 NJ teachers charged with falsifying OT records  LINDEN, N.J. -- Two teachers in the Linden school district are charged with falsifying overtime records. Thirty-eight-year-old Kimberly DeMatteo and 34-year-old Michael Maurer, who are husband and wife, are charged with tampering with public records and altering reports.

Rendell pushing to use Chinese loans for Convention Center  After being rebuffed during the summer, Gov. Rendell is again pushing the Convention Center Authority to consider using a loan program backed with Chinese funds to generate millions of dollars for the center.

Graciela Chichilnisky: It's the Mortgages: How to Restore the Health and Stability of the Economy  The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.

Higher limits for reverse mortgages may benefit some seniors  This month, many older homeowners got some long awaited good news when the Department of Housing and Urban Development approved the higher lending limits for reverse mortgages. Now a home equity conversion mortgage, or HECM, can be federally insured up to $417,000.

EU to send observers for Bangladesh elections  COMMENT ON THIS ! Your Views! The European Union EU will send an observation mission for the parliamentary elections in Bangladesh scheduled for Dec 18, private UNB news agency reported on Tuesday.

Police search for home invasion suspect  Two men are in custody for forcing their way into a Spring area home just after midnight Nov. 17, The Observer news partner KTRK-TV ABC Channel 13 reported.

Big Three beg for aid as bailout bill stalls  By JULIE HIRSCHFELD DAVIS Detroit's Big Three auto makers are begging Congress for a $25 billion government rescue, while the legislation clings to life support on Capitol Hill and top lawmakers and the White House suffer from bailout fatigue. Democratic congressional leaders want to tap the $700 billion Wall Street rescue package for new loans to U.S. auto manufacturers and suppliers, but the ...

Georgia sees strong Obama support for NATO hopes  Tbilisi`s U.N. envoy said on Monday that he expects U.S. President-elect Barack Obama will maintain strong U.S. support for the NATO ambitions of Georgia, still reeling from a military defeat by Russia, Reuters reported.