Oct 23 2010

Conservative Group Endorses Tom Tancredo for Colorado Governor

Concerned Women for America Legislative Action Committee (CWALAC) has endorsed former Rep. Tom Tancredo for Colorado governor. Tancredo is running on the American Constitution Party ticket against Republican Dan Maes and Democrat John Hickenlooper. Even before the announcement, pressure had been mounting for Maes to drop out of the race. Recent polling shows Tancredo and [...]


Oct 20 2010

Resuming Foreclosures: Banks Well Suited to the Task

Bank of America announced Monday that it has completed due diligence and will henceforth resume evictions and foreclosures in 23 states as part of its efforts to collect mortgage debts. The end of the bank’s moratorium signals the first of the big mortgage holders (GMAC soon followed) to get back to business after recent court [...]


Oct 20 2010

Intermission, at Best, in Battle Over Foreclosures

Bank of America may be trying to bring down the curtain on the foreclosure furor, but there were numerous indications Tuesday that the problems would not move off-stage so quickly, David Streitfeld reports in The New York Times. A day after the bank said it would once again pursue defaulting borrowers in the 23 states [...]


Oct 19 2010

Bank of America Posts $7.3 Billion Loss on One-Time Charge

7:35 a.m. | Updated The New York Times’s Nelson D. Schwartz has more on Bank of America’s third-quarter earnings. Bank of America said on Tuesday that it lost $7.3 billion for the third quarter, after taking a previously announced one-time $10.4 billion charge in its credit cards unit related to new rules governing the business. [...]


Oct 19 2010

Bank of America Plans to Resume Foreclosures

Curtailing a moratorium sooner than expected, Bank of America announced Monday that it would resume foreclosures by next week in 23 states where court approval was needed to go ahead, The New York Times reports. The decision covers 102,000 mortgages. While the bank said it had found no evidence that foreclosures had been made in [...]


Oct 19 2010

Bank of America Plans to Resume Foreclosures

Curtailing a moratorium sooner than expected, Bank of America announced Monday that it would resume foreclosures by next week in 23 states where court approval was needed to go ahead, The New York Times reports. The decision covers 102,000 mortgages. While the bank said it had found no evidence that foreclosures had been made in [...]