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CRAofNC

  1. JPM is about to take over the RAL market. HR Block's should gain at expense of others. http://bit.ly/476suN
  2. Pacific Capital counts $16 million in loans that are past due as performing! My guess: no RALs next year. http://bit.ly/os4mn
  3. CRA-NC is loading up the buses for DC. 58 counselors, plus 30 from NYC. Commitments from Etheridge, Price, Miller. http://bit.ly/1nrAcE
  4. Pacific Capital, well known RAL provider, delays reporting its quarterly earnings. That is never good. Why, though? http://bit.ly/3nhLM8
  5. 1 conviction by HUD for violation of Fair Lending Act since 2005. 100s of cases submitted by OTS, FDIC, Fed. One by OCC! http://bit.ly/4gk6Z
  6. Hank Greenberg, seeking revenge on AIG and undermining the interests of US taxpayers. http://bit.ly/j3br6 AIG workers avoid TARP rules, too.
  7. The Modify This Tour is rolling out. Five busloads of housing counselors are going to US Congress on Oct. 29! http://bit.ly/1nrAcE
  8. Only 4/10ths of 1 percent of HAMP loan modifications are permanent. Rest are temporary. http://bit.ly/2uqe75
  9. Congress agrees to ignore CFPA. Why? Miller-Moore will shield 8,000 lenders from any new regulations. http://bit.ly/13FqxR
  10. More than 85% of borrowers in minority neighborhoods are turned down for loans of just $25,000 or less in Las Vegas. http://bit.ly/2zjc2r
  11. Almost 500 homes sold for less than $25,000 in Cleveland in 2008. Detroit is not far behind. http://bit.ly/2zjc2r
  12. 8.47 million Refund Anticipation Loans in 2007. Household pay $1.2 billion in fees, much from EITC. More RAL Facts: http://bit.ly/1laXIL
  13. Housing Counselors upset about HECM reverse mortgage rules. http://bit.ly/31sfdN
  14. Housing counselors: HECM certification rules are too onerous. Upshot, 17% pass rate, no qualified reverse mortgages counselors east of R ...
  15. Most hurt by subprime crisis: innocent bystanders like teachers and teenagers. http://bit.ly/1CdWFf
  16. CRA-NC is having a meeting with Morgan Stanley today. They asked for bank status, but they don't want the CRA rules that come with it!
  17. If Pacific Capital falls, what happens to its RALs? (refund anticipation loans). http://bit.ly/IrSLc
  18. Fed Held Back as Evidence Mounted on Subprime Loan Abuses - washingtonpost.com http://tinyurl.com/y89t5rh via www.diigo.com/~samsondoggie
  19. Day of Reckoning for PCBC: shareholders vote on 4X dilution as BOD tries to raise Tier 1 Capital. http://bit.ly/CXvyF FDIC is watching!
  20. CRA-NC quoted in Pacific Coast Business Times...http://bit.ly/3s88MM