| Lifeline to Low-Income Students
White acknowledges, though, that a company benefits any time it can “provide an additional service or product to a client," and that it is in H&R Block's longterm interest if it can help its customers find their way to college. “The more educated anyone is, the higher their income, and the higher their income, the more freedom they have to start a savings program, and to be on the road to asset building." Like many research projects, it might be some time before the FAFSA research project produces the sort of verifiable results that can shape public policy. But Case Western's Bettinger says he hopes that early results might give researchers some estimate of whether increased likelihood of filling out that FAFSA influenced whether participants were more likely to enroll in college next fall, or the amount of financial aid they received once there.
Montana escapes subprime meltdown
Thousands of people at risk of losing their homes. Mortgage lenders going out of business. Home sales slumping. Such is the nationwide fallout from the subprime mortgage market meltdown. But here in Montana, and particularly Gallatin County and the surrounding area, the good news might be that there is no news.The financial crisis that hit states such as California hasn't had much of a visible impact on the local housing market. The number of local foreclosures is low and consistent with what the area has seen in recent years, and local lenders say many people can still qualify for home loans at reasonable interest rates.“The fallout of the subprime market has not truly had much of an affect on my clientele or my community," said Cyndy Rigler of the Livingston-based Western Home Mortgage.Subprime mortgages have never been a big part of what Western Home Mortgage does.
Senior Political Correspondent
Facing a pivotal primary in Florida next week, the Republican presidential candidates jousted Thursday over who has the best background to deal with the nation's economic slump.In the South, Echoes of Jackson's Run...Nearly 25 years of social change, political realignment and demographic shifts separate the presidential candidacies of the Rev. Jesse L. Jackson and Senator Barack Obama. Even so, there are echoes of 1984 as the battle for the Democratic nomination once again roars across the South, focused squarely on African Americans.Giuliani's Florida Win Appears in Danger...Rudy Giuliani splurged on Florida, lavishing time and money on a high-risk gamble that the state would vault him to the Republican presidential nomination.New York Times endorses Clinton, backs McCain over Giuliani...The New York Times endorsed Arizona Sen.
Norlarco says approximately $52 million lost, 1,500 members gone
Norlarco Credit Union continued to bleed deposits and depositors five weeks after federal regulators confirmed they had seized the organization and dismissed its board of directors. Norlarco lost $20 million in deposits and nearly 900 members from Aug. 31 to Sept. 30, according to the statement of financial condition released Tuesday. .
Clear Channel, potential buyers say deal isn't at risk of falling ...
It's no surprise that the spread between Clear Channel Communications Inc.'s share price and the proposed private equity buyout price is fueling speculation that the massive deal could fail. But both Clear Channel and a representative of its private equity buyers maintain the $27.4 billion deal isn't at risk of falling apart, even though the company's stock currently is trading about 14 percent lower than its buyout price. And the Federal Communications Commission on Thursday formally approved the deal, so Department of Justice approval is the only regulatory hurdle that remains. That approval could come in as little as 30 days, according to Bear Stearns equity analyst Victor Miller. "We're on track to close the transaction in the first quarter 2008," Clear Channel Chief Executive Officer Mark Mays said Thursday.
Reverse mortgage workshop informs public about the pros and cons
Local residents gathered at the Kernville Chamber of Commerce Jan. 16 to learn more about reverse mortgages. The Prince Financial Corporation representative, Barbara Prince, Bankers First representative Rylan Rozell and Patty Nash of McKenzie and Nielsen provided those in attendance with large packets of information on the ins and outs of reverse mortgages including the negative aspects of entering into a reverse mortgage. The purpose of the presentation was to educate as well as provide financial opportunities for seniors. According to the Reverse Mortgage Page website over 50,000 Americans applied for reverse mortgages in 2006. A reverse mortgage is a way to borrow against the equity in your home rather than a forward mortgage where you are attempting to purchase a home and build home equity by making mortgage payments.
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