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News :

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 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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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 ...



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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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.

and more »


Ex-lawyer pleads guilty in RI to Ponzi scheme
CanadianBusiness.com
By AP | May 16, 2012 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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Lawyer disbarred in Massachusetts, Rhode Island, pleads guilty to running ...
The Providence Journal
Assistant US Attorney Luis M. Matos said Spector used more than $600000 that he was supposed to pay banks for refinancings in Plymouth and Lawrence, Mass., and Westerly, RI, for personal and business expenses and "to pay off prior mortgages he'd failed ...

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Needham Attorney Admits To Running Ponzi Scheme
Patch.com
By Becca Manning David L. Spector, 52 of Needham pled guilty on Wednesday, May 16 in US District Court in Providence to three counts of wire fraud and one count of money laundering related to his work as a mortgage attorney in Rhode Island and ...

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Sen. Reed Introduces Bill to Enhance Mortgage Protections Accorded to Service ...
Targeted News Service (subscription)
I., Sherrod Brown, D-Ohio, and Mark Begich, D-Alaska. The legislation was referred to the Senate Veterans' Affairs Committee. The full text of the bill is available from the Library of Congress Thomas legislative web site.

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Business Review USA (press release)
Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5650 and the average mortgage debt decreasing 3% to $166631. Consumers in eight states decreased their mortgage by more ...

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Hawaii's average credit card debt declined 4% in April
Bizjournals.com
The average credit card debt in Hawaii last month was $7090, which was the second highest in the nation behind Alaska, but $310, or 4 percent, less than April 2011's average of $7400 and $2015 less than April 2010, when the average debt was $9105.

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
Marketwire (press release)
Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5650 and the average mortgage debt decreasing 3% to $166631. Consumers in eight states decreased their mortgage by more ...

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
SYS-CON Media (press release)
Mississippi ($4232), Louisiana ($4504) and Alabama ($4811) have the least amount of credit card debt while Connecticut ($6876), Hawaii ($7090) and Alaska ($7096) have the most. Montana paid down its credit card debt the most at 11% to $5572.

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Consumer Mortgage Debt Falls Three Percent Since April 2011, According to ...
MarketWatch (press release)
Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5650 and the average mortgage debt decreasing 3% to $166631. Consumers in eight states decreased their mortgage by more ...

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Alaska Pacific Bancshares, Inc. Reports First Quarter Earnings for 2012
EON: Enhanced Online News (press release)
Our mortgage department is fully staffed and you can see by the increase in first quarter performance that the lending team has done a great job in the mortgage area,? stated Craig Dahl, President and CEO. ?During the first quarter of 2012 we had solid ...

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Alaska Pacific Bancshares, Inc. Reports First Quarter Earnings for 2012
MarketWatch (press release)
Our mortgage department is fully staffed and you can see by the increase in first quarter performance that the lending team has done a great job in the mortgage area," stated Craig Dahl, President and CEO. "During the first quarter of 2012 we had solid ...

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Fitch Rates Alaska HFC General Mtge Revs II 2012 Series A 'AA+' & 2012 Series ...
SunHerald.com
STRONG UNDERLYING ASSETS: The underlying mortgages to be pledged to the bonds are performing favorably. HIGH SHORT-TERM RATING: AHFC's 'F1+' rating reflects the corporation's ability to meet any potential liquidity demands needed for the 2012 GMRB II ...

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Fitch Rates Alaska HFC General Mtge Revs II 2012 Series A 'AA+' & 2012 Series ...
MarketWatch (press release)
STRONG UNDERLYING ASSETS: The underlying mortgages to be pledged to the bonds are performing favorably. HIGH SHORT-TERM RATING: AHFC's 'F1+' rating reflects the corporation's ability to meet any potential liquidity demands needed for the 2012 GMRB II ...

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News :

Battling marriage's No. 1 pitfall: money troubles
Austin American-Statesman
Not if your goal is to avoid the No. 1 reason marriages end in divorce: money problems. Love and a reluctance to take a hard look at our own financial habits can keep us from confronting potential financial troubles in a relationship.

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Avoiding marriage's No. 1 pitfall: money troubles
Chicago Daily Herald
AP By AP LOS ANGELES ? Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need. Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems. Everyone knows, or should know, this.

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Avoid marriage's No. 1 pitfall: Money troubles
Green Bay Press Gazette
File/AP The Associated Press LOS ANGELES ? Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need. Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems.

and more »


New York Daily News

Money for nothing
New York Daily News
Now, though, he is very much interested in a plan to pay up to $20000 in bonuses to instructors who either sit idle or have no regular assignment because their work is so substandard that no principal will have them. Option 1: Encourage and retain ...

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Marriage's No. 1 pitfall is money trouble. Avoid it
The Durango Herald
By ALEX VEIGA AP Business Writer LOS ANGELES ? Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need. Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems.

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Memorial Weekend Sales Event!
Longview Daily News
No Interest, No Money Down for 24 Months*! Hurry in, The Memorial Weekend Sales Event ends Memorial Day! *OAC See store for details. Posted in Offers on Sunday, May 20, 2012 12:00 am Updated: 3:08 pm. How would you describe your present and future use ...



Avoiding marriage's No. 1 pitfall: money troubles
Post-Bulletin
Love, as it turns out, is not all you need. Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems. Everyone knows, or should know, this. But love and a reluctance to take a hard look at our own financial habits, ...

and more »


HUGE MEMORIAL DAY SAVINGS!
Longview Daily News
INTEREST FREE FINANCING, NO MONEY DOWN FOR up to 24 MONTHS!* (See store for details. OAC) Shop Local & Save! We will beat any price by 10%! LOCALLY OWNED AND OPERATED! STOP BY TODAY! Posted in Offers on Saturday, May 19, 2012 12:00 am Updated: 2:28 pm.



New York Daily News

Bono: A beautiful day, but I'm no billionaire
New York Daily News
Bono knocked down rumors Friday that his stake in Facebook catapulted him to being the richest musician on the planet, even dethroning Sir Paul. ?Contrary to reports . . . this boy is not a billionare,? the Irish rock icon told MSNBC.

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100 Favorite Dishes 2012: No. 94, Potatoes at Money Cat Brunch
Houston Press (blog)
By Katharine Shilcutt Fri., May 18 2012 at 3:00 PM This year leading up to our annual Best of Houston® issue, we're counting down our 100 favorite dishes in Houston. This list comprises our favorite dishes from the last year, dishes that are essential ...



Treasury Auctions Set for This Week
New York Times
New Hampshire Health and Higher Education Facilities Authority, $63.6 million of revenue bonds. RBC Capital Markets. New Haven, $56.9 million of general obligation bonds. Wells Fargo Securities. New Jersey Housing and Mortgage Finance Agency, ...



Company Announcements: Week of May 21, 2012
Accountingweb.com
Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC, announced that Mary Parente, CPA, principal, and Christine G. Pronek, CPA, MST, estate and trust manager, have been honored as "Women of Note" by the New Jersey Society of CPAs (NJSCPA).



12 REITS Could Leap On Increased Refinancing
Seeking Alpha
That confirms speculation that REITs are now the biggest players in the mortgage business. In contrast, the demand for new mortgages is actually falling -- the number of people seeking finance for home purchases actually fell by 2.4% in the last survey ...

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A South Jersey foreclosure counseling agency reluctantly closes shop
Philadelphia Inquirer
The New Jersey Housing Mortgage Finance Agency ?regrets Ahome's decision to no longer participate in [our] foreclosure prevention programs,? says its spokeswoman, Lisa Ryan, in an e-mail. ?All 23 of the other counseling agencies [in New Jersey] ...

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foreclosure counseling agency reluctantly closes shop
Philadelphia Inquirer
The New Jersey Housing Mortgage Finance Agency ?regrets Ahome's decision to no longer participate in [our] foreclosure prevention programs,? says its spokeswoman, Lisa Ryan, in an e-mail. ?All 23 of the other counseling agencies [in New Jersey] ...

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Best 100 Hedge Funds
Barron's
The asset manager now oversees $6.4 billion from its main office in Red Bank, New Jersey, as well as newer outposts in London and Shanghai. His $418 million Zais Opportunity Fund, which buys portions of collateralized-loan obligations, also has taken ...



New Jersey HeraldPolitical vulnerabilities in Sen. Rubio's past?
New Jersey Herald
Rubio and Rivera made only partial payments on that mortgage for five months in 2010; at that time, he held jobs as a consultant and professor. Rubio has said the missed payments were due to a dispute over the terms of the mortgage.

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Jumping Into the Future: New Jersey's New Recording Law
JD Supra (press release)
by Robert Marsico on 5/16/2012 by Bob Marsico on May 16, 2012 Early in 2012, the State of New Jersey took a significant step into the future by adopting a thorough update of the state's decades old document recording statute. The new law, which was ...



Gov. Chris Christie has a tough week with facts
newjerseynewsroom.com
9.1 - Yesterday, the state Labor Department released April numbers showing that New Jersey's unemployment rose to 9.1% - a full percentage point higher than the national rate of 8.1%. ? 8.4 - Yesterday, the Mortgage Bankers Association reported that ...

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The Star-Ledger - NJ.com

PolitiFact NJ: Pro-Christie ad touts balanced budgets as part of 'reform movement'
The Star-Ledger - NJ.com
Then add your comments at NJ.com. You also can follow us on Twitter and Facebook. Patti Sapone/The Star Ledger A TV ad promoting Gov. Chris Christie's "reform movement" touts balancing state budgets as an accomplishment. Interesting, how can a budget ...

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