Debt settlement companies that perform services over the phone will be subjected to stricter regulations come October 23. The FTC is imposing rules that include the following: 1. Full disclosure of how long the process will take. 2. Total costs related to the debt settlement process. 3. Any potential negative consequences that may result from […]
The Office of the Comptroller of the Currency and the Office of Thrift Supervision released a report on Friday that indicated that mortgage modifications initiated in 2010 “performed better than other modifications”. 30% of mortgage modifications performed in 2009 and almost 45% of the modifications performed in 2008 are in default. However, for modifications that […]
Adam Lambert has partnered with Pennyroyal Silver to create a pendant of his Infinity Tattoo. This is the second time that Lambert has partnered with Pennyroyal Silver. The first time they were able to raise $30,000 in 7 days. The proceeds form the sale of the $95 pendant will go to Donor’s Choose. According to […]
A report issued this week from the Office of the Comptroller of the Currency indicates that approximately 10% of borrowers with a 2010 loan modification were three months behind. This is about half the 20% of borrowers with a 2009 Loan Modification and one-third the percentage of borrowers with a 2008 loan modification. The Home […]
Sales of LCD TVs are expected to rebound from weak sales during the first half of the year to meet increased consumer demand during the upcoming holiday season, as retailers plan to cut back on prices, according to industry researcher iSuppli. The decline in prices is also due to an oversupply of LCD TV units […]
Ben S. Bernanke, the chairman of the Federal Reserve, said that the impact of the financial meltdown has caused the U.S. economy to recover more slowly than expected despite the reduced interest rates brought about by the $1 trillion in bond purchases. Speaking at a conference at Princeton University yesterday, Bernanke said that, “By buying […]
A new study by the Centers for Disease Control and Prevention (CDC) says that a fifth of gay men in the United States are infected with HIV, the virus that causes AIDS. Nearly half of carriers are not aware of their infection. The CDC tested 8,000 men in 21 U.S. cities in 2008, the largest […]
The New Jersey Nets are set to acquire Denver Nuggets forward Carmelo Anthony via a trade, that would also send D.J. Augustin from Charlotte to the Nets in exchange for first-round pick Derrick Favors, point guard Devin Harris, and a future first-round pick, according to NBA sources. Anthony agreed to sign a three-year $65 million […]
A measure that will exert more pressure on China to increase the yuan’s value will be voted upon by the House next week after it was endorsed by the House Ways and Means Committee, as both parties expressed disappointment over the Chinese currency’s slow appreciation. “We cannot wait any longer to level the playing field […]
Celebrity and Hollywood actress Lindsay Lohan was ordered by a judge to go back behind bars after Lohan failed a recent drug test that violated the terms of her probation. Beverly Hills Superior Court Judge Elden Fox denied bail for Lohan after she failed a mandatory cocaine test. The 24-year old appeared stunned as she […]
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