WSJ: Banks initiated fewer foreclosures in April than at any time since late 2008 even though the number of loans in foreclosure remains near record high levels, offering the latest evidence that banks are struggling to repair hobbled foreclosure processes. Mortgage companies started foreclosures on 187,400 properties in April, a 31% decline from March and a 15% drop from one year ago, according to LPS Applied Analytics, a data firm. The decline came in a month where 14 banks signed consent orders with federal banking regulators to revamp their foreclosure processes. The orders were prompted by last falls document-handling problems that had led major banks, including Bank of America Corp. and J.P. Morgan Chase & Co., to suspend some foreclosures.”
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Daily Archives: May 27, 2011
Endangered species listing for Atlantic bluefin tuna not warranted
NOAA: Endangered species listing for Atlantic bluefin tuna not warranted – “After an extensive scientific review, NOAA announced today that Atlantic bluefin tuna currently do not warrant species protection under the Endangered Species Act. NOAA has committed to revisit this decision by early 2013, when more information will be available about the effects of the… Continue Reading
White House Posts Regulation Reform Initiatives From Two Dozen Agencies
White House Regulation Reform: “Earlier this year, President Obama outlined his plan to create a 21st-century regulatory system one protects public health and welfare while promoting economic growth, innovation, competitiveness, and job creation. His Executive Order on Regulation, in short, said the following: Always consider costs and ways to reduce burdens for American businesses… Continue Reading
Draft Agreement Would Allow DHS to Store EU Passenger Data for 15 Years
EPIC: “A draft agreement between the United States and the European Union will allow the U.S. Department of Homeland Security to store passenger data for up to 15 years. The passenger data includes names, addresses, phone numbers, and credit card information, and even ethnic origin, political opinions, and details of health or sex life. The… Continue Reading
New GAO Reports: OMB Service Contracts Inventory Guidance and Implementation, Space Acquisitions
OMB Service Contracts Inventory Guidance and Implementation, GAO-11-538R, May 27, 2011 Space Acquisitions: Development and Oversight Challenges in Delivering Improved Space Situational Awareness Capabilities, GAO-11-545, May 27, 2011 Continue Reading
