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News :

Ex-lawyer pleads guilty in RI to Ponzi scheme
BusinessWeek
A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday that 52-year-old ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
MSN Money
PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CNBC.com
PROVIDENCE, RI - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
CBS News
PROVIDENCE, RI ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday ...

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Ex-lawyer admits to Ponzi scheme
Providence Eyewitness News
PROVIDENCE, RI (AP) ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Ex-lawyer pleads guilty in RI to Ponzi scheme
NECN
PROVIDENCE, RI (AP) ? A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


CBS 3 Springfield - WSHMEx-lawyer pleads guilty in RI to Ponzi scheme
WSHM-TV
Entertainment News from AP PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
Boston.com
PROVIDENCE, RI?A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000. Federal prosecutors said Wednesday that ...

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Ex-lawyer pleads guilty in RI to Ponzi scheme
Ventura County Star
AP PROVIDENCE, RI ? PROVIDENCE, RI (AP) - A former lawyer from Massachusetts has pleaded guilty to federal charges in Rhode Island that he used the proceeds from mortgages obtained by his clients to run a Ponzi scheme worth nearly $602000.

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Today's Most Clicked Stories 5/16
Providence Eyewitness News
More >> PROVIDENCE, RI (AP) -- A disbarred Rhode Island attorney has been sentenced to federal prison for his role in a $1.1 million mortgage fraud scheme. Federal prosecutors said Tuesday that 66-year-old James Levitt of Pawtucket was sentenced to a ...

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Real estate ideal for investors looking for high returns and no risk
Economic Times
At this point in time, moving funds from riskier equity-based investment avenues to the stable realty space is an option worth considering. Just as in the case of equity, property too is a medium to long-term asset class for investors .

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Many over 50s don't have adequate savings for retirement shows LV= report
WalesOnline
Owen claims the LV= equity release product works well because it guarantees a limit of the money available on a property for 15 years. There is no early repayment charge after 10 years, and the cost of repaying any money drawn is low.

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Pranab's austerity mantra: No five-star meetings
IBNLive.com
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India.

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No More Mister Nice Guy
The Weekly Standard (blog)
The requirement that health insurers provide free contraceptives, with no conscience exemption, infuriated Catholics and evangelical Protestants. His endorsement of gay marriage was seen by two-thirds of Americans as politically motivated.

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New York Daily News

Bono: A beautiful day, but I'm no billionaire
New York Daily News
The private equity firm bought 40.1 million shares for $90 million in 2009 ? an investment now worth about $1.5 billion, reports show. A spokesman for the firm said the money would be split among various investors and partners in the group.

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Sustainable Energy Renews Operating Line With Standby Equity Commitment
SYS-CON Media (press release)
Doughty Hanson has agreed to extend its previously announced $1.5 million standby equity commitment to May 1, 2013, as additional security for the operating line subject to specified conditions. The operating line provides liquidity to the Company as ...

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Equity Research on Darden Restaurants Inc. and Brinker International Inc ...
Business Review USA (press release)
There is no commitment to join. www.shinesrooms.com is the Ultimate Trading Environment for investors. If you are considering owning Darden Restaurants Inc. and Brinker International Inc. then you should sign up for a free membership and our ...



Equity Research on Cameron International Corporation and National Oilwell ...
Business Review USA (press release)
There is no commitment to join. www.shinesrooms.com is the Ultimate Trading Environment for investors. If you are considering owning Cameron International Corporation and National Oilwell Varco Incorporated then you should sign up for a free membership ...

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Equity Research on Centerpoint Energy Inc. and Exelon Corp. -- Diversified ...
Business Review USA (press release)
Get your free reports on Centerpoint Energy Inc. and Exelon Corp. at http://www.shinesrooms.com/index.php?_controller=RegisterMember&_method=index. There is no commitment to join. www.shinesrooms.com is the Ultimate Trading Environment for investors.

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Fortune (blog)

No, Facebook did not make Bono world's richest musician
Fortune (blog)
Here's the reality: Bono is a partner with Elevation Partners, a private equity firm that invested around $210 million into Facebook in 2009 and 2010. At $38 per share, the position is valued at approximately $1.5 billion (including around $175m sold ...

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News :

Bobby Petrino Breaks Even in Sale of Benton County Lake Home
ArkansasSports360.com
That purchase was tied to a 30-year mortgage worth $480000 held by Signature Bank of Arkansas. The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips. It didn't take long for the former coach to get ...

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Bobby Petrino Breaks Even in Sale of Benton County Lake Home
Arkansas Business Online
That purchase was tied to a 30-year mortgage worth $480000 held by Signature Bank of Arkansas. The home sits on a 1.07-acre lot and includes two extra lots as well as a private boat dock with four slips. It didn't take long for the former coach to get ...

and more »


New Flood Maps Show Current Risks in Benton County, Arkansas
Insurance News Net (press release)
DENTON, Texas -- Benton County, Arkansas homeowners, business and residential renters, and business owners who do not have flood insurance are encouraged to buy coverage now to get the best possible premiums before new flood insurance rate maps go into ...

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New Flood Maps Show Current Risks In Lincoln County, Arkansas
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

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Housing chief hits road to spur mortgage relief
Reuters
Housing and Urban Development Secretary Shaun Donovan has spent the past few weeks crisscrossing the country, visiting states from California and Colorado to Arkansas and Tennessee, to showcase efforts to use the funds for housing counseling and legal ...

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New Flood Maps Show Current Risks in Desha County, Arkansas
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

and more »


New Flood Maps Show Current Risks In Lincoln County, Arkansas
Insurance News Net (press release)
"While many people are required by mortgage and lending companies to have flood insurance, FEMA and the National Flood Insurance Program (NFIP) strongly recommend that everyone have flood insurance," said Acting Region 6 Administrator Tony Robinson .

and more »


KATV Channel 7 - The Spirit of Arkansas: US economy picks up after early ...
KATV
More >> Average US rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.More >> Average US rates for ...

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KATV Channel 7 - The Spirit of Arkansas: Obama wants Congress to help homeowners
KATV
Against the backdrop of a middle-class neighborhood in economically hard-hit Nevada, Obama touted steps his administration has already taken to help homeowners refinance their mortgages. But the president said he needed help from lawmakers in order to ...

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KATV Channel 7 - The Spirit of Arkansas: Deutsche Bank pays $202M in NY ...
KATV
Under the agreement, Deutsche Bank AG admitted that it didn't follow all federal housing regulations when it made substantial profits between 2007 and 2009 from the resale of risky mortgages through its subsidiary MortgageIT. According to the agreement ...

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Michigan football radiothon: Marlin Jackson trying to help rookies; Dhani ...
Detroit Free Press
?The things you will encounter becoming a professional athlete, as far as agents, advisers, CPAs, the relationship with you -- buying a house, what goes into a mortgage, all these different things," Jackson said. "Family and having responsibilities ...

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Michigan football radiothon: Dhani Jones a big fan of Brady Hoke
Detroit Free Press
?The things you will encounter becoming a professional athlete, as far as agents, advisers, CPAs, the relationship with you -- buying a house, what goes into a mortgage, all these different things," Jackson said. "Family and having responsibilities ...

and more »


Life Insurance in Michigan Can Be Easy and Stress-Free Through Michigan Life ...
SBWire (press release)
Lansing, MI -- (SBWIRE) -- 05/18/2012 -- As anyone who has ever tried to purchase life insurance knows quite well, it can be a confusing process. From term to permanent policies and more, it can be hard to determine which type of coverage would be best ...

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European debt crisis helps push mortgage rates to new lows
Virginia Business Magazine
The average 15-year and 30-year fixed-rate mortgages fell to a record low this week as European debt crisis overshadowed positive US economic news. The average 30-year fixed mortgage rate was 3.79 percent, down from 3.83 percent last week.

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Fixed Mortgage Rates Hit Record Lows Again
Bar Harbor Times
By Legacy Properties Sotheby's International Realty | May 17, 2012 MCLEAN, Va., May 17, 2012 /PRNewswire/ ? Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates again ...

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RealtyTrac reports foreclosures at five-year low
WTVB
In Michigan, RealtyTrac is reporting 9310 foreclosure properties for the month of April, about one in every 487 housing units. The rising number of foreclosures forecast by RealtyTrac after a settlement by the nation's biggest mortgage firms over ...

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RealtyTrac reports foreclosures at five-year low
WHTC
In Michigan, RealtyTrac is reporting 9310 foreclosure properties for the month of April, about one in every 487 housing units. The rising number of foreclosures forecast by RealtyTrac after a settlement by the nation's biggest mortgage firms over ...

and more »


RealtyTrac reports foreclosures at five-year low
WKZO
In Michigan, RealtyTrac is reporting 9310 foreclosure properties for the month of April, about one in every 487 housing units. The rising number of foreclosures forecast by RealtyTrac after a settlement by the nation's biggest mortgage firms over ...

and more »


Fitch Rates McLaren Health Care (MI) Series 2012A Bonds 'AA-'; Outlook Stable
SunHerald.com
Bond proceeds will be used to refund McLaren's series 1998A bonds and the series 1998, 2003 and 2006 bonds issued on behalf of Northern Michigan Regional Hospital, refinance draws on certain lines of credit, refinance a mortgage and pay costs of ...

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Fitch Rates McLaren Health Care (MI) Series 2012A Bonds 'AA-'; Outlook Stable
MarketWatch (press release)
Bond proceeds will be used to refund McLaren's series 1998A bonds and the series 1998, 2003 and 2006 bonds issued on behalf of Northern Michigan Regional Hospital, refinance draws on certain lines of credit, refinance a mortgage and pay costs of ...

and more »