Dangerous times have created new business enterprises. Recent catastrophes have fostered the need for preventative and remediation industries, with the U.S. Department of Labor ranking the “security sector” the single largest area of need. “September 11, 2001, Hurricane Katrina, and this year’s Mississippi River floods were all tragic events that underscored the need for increased levels of homeland security,” says former Maryland Congressman...
Freddie Mac reported in a filing with the Securities and Exchange Commission (SEC) that the company has been notified by the New York Stock Exchange (NYSE) that it has failed to satisfy one of the NYSE’s standards for continued listing of its common stock. The NYSE advised the company that it was below the exchange’s price criterion for common stock because the average closing price of Freddie Mac’s common stock over a consecutive...
Freddie Mac (NYSE: FRE) announced it has ordered its national network of mortgage servicers and foreclosure attorneys to suspend all foreclosure sales and evictions involving occupied single family and 2-4 unit properties with Freddie Mac-owned mortgages between November 26, 2008 and January 9, 2009. The suspension will help servicers implement the Streamlined Modification Program recently announced by Freddie Mac, Fannie Mae, the Federal Housing...
The following statement was issued by Scott Syphax, president and CEO of the Nehemiah Corporation of America, in response to Congressional Testimony from Sheila Bair, Chair of the Federal Deposit Insurance Corp. (FDIC) this week. Ms. Bair stressed the overwhelming strain foreclosures are putting on families and communities across the country. “As families and communities struggle under the overwhelming weight of foreclosures, it is imperative...
The leadership of the Washington, DC Martin Luther King, Jr. National Memorial Project Foundation, Inc. announced today that Wal-Mart Stores, Inc., through the Wal-Mart Foundation has provided a $12.5 million letter of credit which will expedite the beginning of physical construction of the memorial. The Wal-Mart Foundation’s latest effort is in addition to the $1 million donation it made in 2005. The generous support provided by Wal-Mart allows...
Airports Council International–North America (ACI-NA) applauded the opening of three new runways at major hub airports this week, and commended the airports and the Bush Administration for helping to reduce delays and increase aviation efficiency and capacity. Dulles, O’Hare and Seattle-Tacoma International Airports all celebrate new runway openings on November 20. Department of Transportation Secretary Mary Peters and Acting Federal Aviation...
Citation Technologies joined forces with RTP Environmental Associates, Inc. to launch NSRonline® , a dynamic portal for EPA’s environmental preconstruction permitting program. NSRonline will increase productivity of air quality professionals up to 20% thanks to an integrated collaboration platform and a clever set of productivity tools, such as the NSR portal search ability and the tracking of regulatory document changes. NSRonline® is a...
No matter what the circumstances, from job loss or illness to changing market conditions, there’s a lot of stress a homeowner goes through in a foreclosure or a short sale of their home. As the Government takes action to stabilize the housing market, homeowners must understand the potential tax implications and new rules regarding these often once in a lifetime transactions. “It’s hard to believe, but prior to December of 2007, if...
Technology and environmental leaders announced a new initiative to develop a national strategy for information and communications technologies (ICT) to improve the energy efficiency of the economy. The Digital Energy Solutions Campaign is made up of leading technology companies and organizations as well as environmental and energy conservation groups working on energy efficiency initiatives. The Campaign will work with the incoming Obama Administration...
AllRegs, the leading information provider for the mortgage industry, announced that its Fair Credit Reporting Act (FCRA) coursework has been approved for continuing legal education (CLE) credit by the State Bar of California and the Florida Bar Association. The coursework is delivered through the organization’s education division, AllRegs Academy. “As mortgage regulations continue to evolve based on Congress’ response to recent market changes,...