Nonperforming loans, or NPLs, are selling at 60 percent to 80 percent of estimated property values, offering the “cleanest exposure” to housing.
Read More »Detroit may file $18 billion bankruptcy plan in two weeks
Detroit’s emergency financial manager may file a proposed debt-adjustment plan in federal court in about two weeks, an action that would start the final phase in the city’s record $18 billion municipal bankruptcy.
Tagged with: Detroit
Read More »Commentary: Business-minded don’ts and dos for law firms
Some lawyers fail to understand the operation of the firm as a business with a budget, collections, profit and loss.
Read More »Farm bill passes House with cuts
The plan, which the Congressional Budget Office estimates will cut spending by $16.6 billion over 10 years from current levels, reflects the clout of rural and urban allies who kept farm subsidies and nutrition programs together over Republican objections.
Read More »Bartimus Frickleton merges with Goza Honnold
The law firms of Bartimus, Frickleton, Robertson & Gorny and Goza Honnold said on Thursday that they were merging, effective immediately.
Tagged with: Bartimus Frickleton Robertson & Gorny
Read More »Commentary: Guess who’s preventing a minimum wage hike?
A new poll points to a more fundamental culprit: public opinion.
Read More »Prosecutors: Bitcoin firms need tougher rules than banks
Virtual-currency firms should face regulations that are tougher than those for established financial-services providers because of their ability to hide criminal activity, law enforcement officials said at a New York hearing.
Read More »For-profit colleges face wave of state probes
Missouri is one of several states seeking information from education companies in an effort to tackle student debt at for-profit colleges.
Read More »Madoff ex-programmers sought to ‘drag out’ 2009 probe
Jerome O’Hara and George Perez, on trial for creating millions of fake documents to fool investors, allegedly told a colleague in early 2009 to hinder a probe by Irving Picard, the trustee unwinding Madoff’s fraud.
Tagged with: Bernard Madoff
Read More »Commentary: Economic mobility, stuck in neutral
As the rungs of the economic ladder move further apart, a stable level of mobility becomes a more serious problem, because it matters a lot more whether your parents are rich or poor. The “birth lottery" ends up having bigger consequences.
Read More »Big city home prices rise most in 8 years
Home prices in 20 U.S. cities rose in November from a year ago by the most in almost eight years.
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