Thursday, April 18, 2024

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Financial Services

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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...
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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...
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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....
BAILOUT: Karl Kozak, president of Pawtucket Credit Union, says the NCUA should spread fees over the course of several years. /

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...
TOUGH DECISIONS: Bill White, president of Coastway Credit Union, says that the stricter rules it faces under NCUA regulation have forced the credit union to consider switching to a mutual savings bank. /

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...
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