Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims for the week ending Jan. 21 rose by 21,000 to 377,000, compared with the previous week’s revised figure of 356,000, the U.S. Department of Labor said. The less volatile four-week moving average was 377,500, a drop of 2,500 from the [...]
Econ Grapher submits: China showed no significant let up in its money mills, with new loans still cranking out over 500 billion yuan a month, and money supply growth still expanding. China announced new loans in February 2011 of 535.6 billion yuan (about $80 billion US), versus consensus 650 billion, January 1,040 billion, and February [...]
On Jan. 19, Scott D. Farah was sentenced to 15 years in prison because he allegedly deceived investors in his company, Financial Resources Mortgage Inc. Robert R. Jones pleaded guilty to defrauding his employer, Community Bank & Trust, on several loans and collecting kickbacks, according to a news release from the U.S. Attorneys Office. A [...]
Loan originators in California will have to be licensed and listed in the Nationwide Mortgage Licensing System and Registry as of Jan. 1, 2011. The law exempts those who work for banks that take customer deposits. “It really should help keep the bad actors out of the business,” a spokesman for the California Department of [...]
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