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1. Resource Entertainment Group Plans Growth, New Offerings
- Monday, July 16, 2012
Resource Entertainment Group is continuing a steady growth path and looks to expand thanks to a new website as well as management of a new Downtown event space called The Columns.
The entertainment services company specializes in live entertainment, production services, entertainment consulting and event programming expertise. The company manages some of the Mid-South’s most popular entertainers and provides bands, DJs, speakers, audio systems, concert lighting, staging and tech crews.
2. FDIC Takes Step Toward Cutting Use Of Ratings
- Wednesday, August 11, 2010
WASHINGTON (AP) – Federal regulators have taken a first step toward eliminating the use of credit ratings in rules for banks, under a mandate of the new financial overhaul law.
The board of the Federal Deposit Insurance Corp. voted Tuesday to take public comment on alternatives to relying on credit rating agencies to assess the risk of investments.
3. SEC Seeks Tighter Rules on Asset-Backed Securities
- Friday, April 09, 2010
WASHINGTON (AP) - Federal regulators proposed new, stricter rules Wednesday for asset-backed securities, the bundles of loans that helped spark the market's collapse in 2008 and nearly brought down the financial system.
4. Obama Unveils $75B Mortgage Relief Plan
- Thursday, February 19, 2009
MESA, Ariz. (AP) – Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure.
5. Broader Response To Foreclosure Crisis Urged
- Tuesday, December 09, 2008
More than half of all U.S. homeowners who had their loans modified to make the payments more affordable in the first half of the year are already in default again, banking regulators said Monday.
The new data raise questions about whether government money may be better spent on creating jobs, rather than averting foreclosures, said John Reich, director of the federal Office of Thrift Supervision office at a housing industry forum sponsored by his agency.
6. FDIC Housing Plan Aims to Help 1M Borrowers
- Thursday, May 01, 2008
WASHINGTON (AP) - The government would give emergency loans to around 1 million troubled borrowers under a new housing-assistance plan developed by a federal bank regulator.
Sheila Bair, the chairman of the Federal Deposit Insurance Corp., wants the government to make loans to borrowers with mortgages they can't afford, particularly those buyers who had high levels of debt when they originally took out their home loans.
7. Regulators Say Banking Industry Strong Despite Current Problems
- Wednesday, March 05, 2008
WASHINGTON (AP) - Banking and savings and loan institution regulators insisted Tuesday that the system remains strong despite precipitous declines in earnings sparked by the mortgage crisis.
8. No End in Sight: Housing in Freefall Until Credit Loosens and Supply Recedes, Experts Say
- Thursday, February 28, 2008
NEW YORK (AP) - House prices may still have a long way to fall.
Across much of the nation, home values are dropping - even those backed by solid mortgages - and banks are repossessing more every day. Most experts say the dive won't hit bottom for another year and only after excess inventory is sharply reduced and credit markets improve.
9. Hope Now is On Track to Help 5 percent of Troubled Borrowers, Industry Alliance Says
- Tuesday, January 22, 2008
WASHINGTON (AP) - A Bush administration-led effort to rescue troubled homeowners said it helped 5 percent of borrowers with subprime loans in the second half of 2007.
A coalition of lenders, investors and nonprofit groups - dubbed Hope Now - was created in October to address soaring mortgage defaults and home foreclosures that have hobbled Wall Street banks and sent stock indexes plummeting.
10. Bush Mortgage Plan Will Freeze Certain Subprime Interest Rates for 5 Years
- Thursday, December 06, 2007
WASHINGTON (AP) - One wag has called it the "teaser freezer." But whatever the name, it is going to mean relief for thousands of homeowners facing a painful jump in their mortgage rates in coming months.
11. As Foreclosures Surge, Mortgage Lenders Pressured to Offer Borrowers Relief
- Thursday, October 25, 2007
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.