Tag Archives: Economy

Foreclosure Specialist Indicted over Kickbacks

This AP story was less than clear to me. As I read it, Granillo was a Fannie Mae employee who sought to augment his income through illegal kickbacks. So, the bottom line is that corruption is alive and well throughout … Continue reading

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Reno “Experiment” in “Green” Energy Fails

Both Reno and the state of Nevada have jumped on the “green” energy bandwagon with enthusiasm. Our politicians trumpet all of the blessings of the new way of renewals as our way for our future. Dingy Harry Reid went out … Continue reading

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Democrat Panel Increases Cost of Doing Business

A Nevada legislative panel approved regulations sought by Secretary of State, Ross Miller to limit business license fee exemptions for some home-based businesses. In a party-line, 4-2 vote, the Legislative Subcommittee to Review Regulations approved the measure that Secretary of … Continue reading

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Nevada Succumbs to Political Correctness Disease

Nevada Department of Transportation in feeling flush and has decided to spent $88,000 to protect our sensitivities. They think Our highway historical markers present things in an improper light and want to correct it. After all, what would people think? … Continue reading

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Reno Ranked Number 14th Worst Housing Market in Nation

Las Vegas was rated as the nation's worst housing market by the website, Housing Predictor.  The site published rankings of the 25 best markets, the 25 worst markets among others.  The worst 25 housing markets forecast annually by Housing Predictor … Continue reading

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Reno Foreclosure Filings

The number of foreclosure filings has dropped slightly compared to two years ago. Washoe County recorded 7,981 foreclosure-related filings in 2011. Jason Hidalgo of the RGJ attributes much of the decrease to AB 284 which requires the foreclosure documents to … Continue reading

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Fannie Mae Increases Mortgage Help for Unemployed Borrowers

Fannie Mae followed Freddie Mac by issuing new guidelines for unemployed homeowners facing foreclosure.  An unemployed homeowner can receive as much as twelve months forbearance. The servicer can approve an unemployment forbearance term of six months without obtaining Fannie Mae’s … Continue reading

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