R.I. home prices at 2002 levels
BOSTON – The median price of single-family homes sold in Rhode Island fell in January to $184,000, the lowest price in almost seven years,...
Carcieri capital-plan approval is overdue
What is taking the General Assembly so long to enact the governor’s plan to help small businesses gain access to credit?
In reaching out to...
Home prices in 20 U.S. cities fall by record 18.5%
Home prices in 20 U.S. cities declined 18.5 percent in December from a year earlier, the fastest drop on record, as foreclosures climbed and...
What 403(b) changes mean for nonprofits
If your nonprofit offers a 403(b) retirement plan to its employees, you need to be aware of new regulations that go into effect for...
Bernanke sees recovery in 2010 if banks stabilize
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is in a “severe” contraction, and warned the recession may last into 2010 unless...
Regulation of loan modifications limited
Loss mitigation and loan modification are popular topics in discussions on how to assist struggling homeowners to avoid foreclosure and keep their homes. By...
Providence center to encourage business innovation
When the R.I. Center for Innovation and Entrepreneurship opens its doors, either this month or next, it will complete the three-pronged approach the R.I....
Credit unions may have to rescue their corporate brethren
The subprime mortgage meltdown already has ravaged the financial statements of national and regional banks, and now it’s finally costing credit unions, too, through...
Coastway may convert to savings bank
The 27,000 Rhode Island members of Coastway Credit Union will decide in April whether the credit union will re-establish itself as a mutual savings...
Housing crisis won’t end quickly
President Barack Obama’s $275 billion rescue plan and the suspension of foreclosures by some lenders will do little to end the crisis in the...