http://asiavarmen.multiply.com/journal/item/18/SpringHill-Group-About-Us
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households.
Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
http://isabelamber.blogspot.com/2012/07/hardest-hit-fund-least-effective-in-sea.html
http://springhillgrouphome.com/
Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the housing crisis, has gone unspent, according to a report released Wednesday by a government watchdog.
And most of that was used for unemployment assistance, not refinancing mortgages.
“The program has had a stunningly slow start,” Christy Romero, the inspector general of the watchdog agency with oversight of the Troubled Asset Relief Program, said in an interview with The Huffington Post. “They are still not getting money out to homeowners.”
As of June 30, state housing agencies had drawn down just $1.1 billion of the $7.6 billion allocated for the program since 2010, according to the report. Of that sum, $351 million had been spent to assist just 43,580 homeowners — mostly with unemployment aid, not home loan modifications.
The Hardest Hit Fund is a small part of TARP, which was established in 2009 with the aim of pumping $700 billion into the banking and housing markets in order to keep both from imploding. Since its inception, though, TARP has been beset by criticism that the Treasury Department, which oversees the program, has favored the interests of banks over homeowners. The most scathing critiques of the program have come from the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, the government watchdog appointed to oversee Treasury’s handling of the program.
In a new book, Neil Barofsky, who stepped down as the inspector general of the program last year, claims that the hurried rollout of HAMP by Treasury Secretary Timothy Geithner led to “a rash of misconduct and criminal activity.”
In response to homeowner complaints about mortgage servicers, Treasury “demonstrated no interest in taking even the most modest steps to punish them,” Barofsky writes. “That was unconscionable, given the pain being inflicted on so many home owners.”
Romero, who took over earlier this year, has also been an unstinting critic of Treasury’s management of the program. Romero said that the Treasury Department has failed to set clear performance goals for homeowner assistance programs, and that it has also failed to force the banks and other loan servicers to treat homeowners fairly.
“If Treasury really is a steward of TARP it should be holding the [mortgage] servicers’ feet to the fire,” Romero said. “They need to be tough. I don’t even see an acknowledgement from Treasury that what they are doing in housing is not good enough.”
Andrea Risotto, a Treasury spokeswoman, said that Treasury has required participating loan servicers to “improve their processes” through ongoing reviews. These assessments, last released in June, show “clear progress by mortgage servicers,” she said.
But only a small percentage of the money allocated to help homeowners has actually been spent. Of $45 billion in homeowner relief allocated by the Treasury Department, just $4.5 billion had been spent as of June 30, according to the inspector general report. Meanwhile, 407 banks and credit unions that were able to borrow hundreds of billions of dollars with little vetting still owe taxpayers more than $14 billion in principal.
http://newscenter.springhillgrouphome.com/
http://springhillgrouphome.com/
The World Bank(WB) plans to complete a mid-term evaluation strategy for cooperation with the Government of Azerbaijan (2011-2014) by the end of autumn, Baku representation of the Bank told Trend.
“The lending programme for the remaining two years will be determined after the completion of the evaluation. It will be prepared in accordance with the priorities of the Azerbaijani Government towards foreignloans,” the office said. “The bank approved all the strategy projects provided for the first two years.”
The total funding approved by the WB for the implementation of five projects in Azerbaijan during the 2011-12 fiscal year amounted to $205.4 million.
The funds will be used to finance projects to support water users ($80 million), development of the capital market ($12 million), modernisation of the judiciary ($33.4 million), improving the living conditions and incomes of displaced persons in Azerbaijan ($50 million) and development of rural investments (AzRIP-2 – $30 million).
Azerbaijan became a middle income country with a per capita income of $5280 and completed 2011 receiving concessional financing from the World Bank. This suggests that Azerbaijan has lost access to soft loans from the bank and receives funding from the International Bank for Reconstruction and Development and the International Finance Corporation.
The World Bank has financed 43 projects in various sectors of the economy totalling $3.1 billion in loans and grants from the International Development Association (IDA) and loans from the International Bank for Reconstruction and Development (IBRD), since 1992 during the period of cooperation with Azerbaijan. Some 42 per cent of funding has already been spent
About 75 per cent of the funding accounts for two main areas – transport (48 per cent) and water and sewer services (21 per cent). Other sectors such as public administration (eight per cent), agriculture, fisheries and forestry (eight per cent), energy and mining (five per cent) and thefinancial sector (four per cent).
Over 59 per cent of the current active portfolio of the World Bank in Azerbaijan occurs in transport, 23 per cent – the water sector, five per cent – agriculture, fisheries and forestry, five per cent – public administration, law and justice.
http://newscenter.springhillgrouphome.com/
http://vickycampbell13.blogspot.co.uk/2012/07/forensic-loan-audits-are-new-mortgage.html
http://springhillgrouphome.com/
new scam involving phony “forensic audits” of mortgage loans is the latest variation on loan modification scams. An article in the Sacramento Bee this week, reported that California Attorney General Jerry Brown warned California’s distressed homeowner’s to refrain from forensic review of their mortgage loan and lender’s practices. Jerry Brown issued a press release stating that these loan audits are nothing more than loan modification scams that are taking advantage of people’s desperation in the midst of the nation’s persisting economic troubles. He joined with the California Department of Real Estate and the State Bar of California to warn homeowners who face the danger of foreclosure, to avoid such scams because they offer no help towards saving their home from foreclosure.
http://vickycampbell13.blogspot.co.uk/2012/07/real-estate-scam-used-fake-adoption-to.html
http://springhillgrouphome.com/
South Korean police said yesterday they have busted a 15-member group that faked the adoption of children to pull off a real-estate scam.
The ring earned about 480 million won ($479,520) abusing a housing law that gives preference to a private home buyer with an adopted child or children.
The ringleader was arrested while 14 others, including real estate brokers and a loan shark, were charged but not detained, said a spokesman for the Seoul Metropolitan Police Agency.
http://newscenter.springhillgrouphome.com/category/related-loan-program-news/
1. You must know the person you are dealing with. Most company that hires employee do not offer to employ you directly, just to sell you training and materials and to look for customers for your work.
2. Do not be a dime a dozen. Managing a business is just like any other business which requires hard work, skill, good products or services, and time to make a profit. Additionally, there is no such thing as sitting on a rackin’ chair and just waiting for the time of giving checks.
3. Be observant and cautious about the emails you are receiving that includes an offering of work at home opportunities. Most of these acts are deceptive.
4. Put into practice the so called “know and pay”. You have to know first everything in detailed before making a plan or action to a certain situation.
5. Find a picture paints a thousand words. Claims that there are customers for work such as medical billing and craft making may not be true. If the company says it has customers waiting, ask who they are and contact them to confirm. To make an assurance, ask likely customers in your area if they actually hire people to do work at home.
6. Get references for other people who are doing the work. Ask them if the company kept its promises.
7. Check of about legal requirements. There are works that cannot do at home and requires some license or certificate that proves you are an authorized person to the work. Check with your state attorney general’s office. Ask your local zoning board if there are any restrictions on operating a business from your home. Some types of work cannot be done at home under federal law. Look for the nearest U.S. Department of Labor in the government listings of your phone book.
8. Know the return and exchange policy. If you have to buy equipment or supplies, ask whether and under what circumstances you can return them for a refund.
9. Get rid off the old envelop stuffing scheme. This is a usual scam in which instead of getting materials to send out on behalf of a company, they will give you instructions and will ask you to send them a money for information about working at home, considered as an illegal for the reason that there is no real product or service being offered.
10. Be cautious of the statement: Advance on your pay. This is just their intro into their long tragic story to have an audience and be their listener and soon be their member on the very theatric act. Possibly, they will give you a check for part of your first month’s pay. You deposit it, and the bank tells you the check has cleared because the normal time has passed to be notified that checks have bounced. Then, the criminal will ask you to return a portion of the payment for some different reason. After sending the money back, the check that you deposited finally bounces because it turned out to be an intricate forged. Now the criminal have your payment, and you’re left owing your bank the amount that you withdrew.
11. Make your own research about work-at home opportunities. Look for reviews, articles or even magazines that can give you an advice or tips on how to determine whether the work is accurate or forged. Ask also some of the persons that is same with the profession of the said employer and to really check if there is alike work of your employer’s offering. Before you make an application, reassure all the important information of the employer that you can work with. The in-detailed identification of the company or of the employer in which you can hold, when something wrong happen.
http://newscenter.springhillgrouphome.com/category/news-headlines/
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Meanwhile, its entertainment business is more profitable with revenues of USD 23.5 billion last year, accounting for around 75% of the firm’s profit and almost all of the operating revenue in the first half of the fiscal year. News Corp’s television and film business consists of the Fox News channel, Fox broadcasting network and 20th Century Fox film studio.
Experts are saying that the move to split the news and media operations from its more profitable film and TV businesses might be a good one, as the former has been marred by the phone-hacking scandal in UK and is continuously under pressure from failing advertising target revenues.
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