Blog Posts in 2010
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Posted on Dec 11, 2010 By Andrew S. Roth, Esq.
A Trenton committee on November 8 discussed a bill that would abolish the Council on Affordable Housing (COAH), according to Matt Friedman . COAH’s official website states that the council was created ...
Continue reading "Gov. Christie Pledges to Veto Bill That Would Abolish COAH" »
Posted on Dec 7, 2010 By Andrew S. Roth, Esq.
According to Neil Irwin , the Federal Reserve projected that the unemployment rate will go down to 9 percent from 9.6 percent by the end of next year, although the article took on a more pessimistic ...
Continue reading "“A Disappointingly Slow” Economic Progress" »
Posted on Nov 10, 2010 By Andrew S. Roth, Esq.
With the Housing and Economic Recovery Act, the government provided an incentive that allowed some first time homebuyers to purchase homes they otherwise wouldn’t in a troubled economy. Two years ...
Continue reading "The Homebuyer Tax Credit: Do You Have to Pay it Back?" »
Posted on Nov 9, 2010 By Andrew S. Roth, Esq.
The Bergen Record urged its readers on Sunday that “time [was] running out to grab energy tax credit,” which expires on December 31 st . The requirements of the credit were summarized in an article , ...
Continue reading "Energy Tax Credit Expires Dec. 31" »
Posted on Nov 8, 2010 By Andrew S. Roth, Esq.
A new program that aims to help prevent foreclosures in New Jersey has recently been announced to become effective by January 2011. On September 23 rd , the program called the New Jersey Homekeeper ...
Continue reading "New Jersey Homekeeper Program" »
Posted on Oct 18, 2010 By Andrew S. Roth, Esq.
If the foreclosure document issue has been around so long, why did it only began to surface recently? The New York Times answered the question with the name of Thomas A. Cox, a retired lawyer who ...
Continue reading "The Foreclosure Controversy: From Its Origins To Possible Outcomes" »
Posted on Oct 13, 2010 By Andrew S. Roth, Esq.
The past few weeks marked a nation-wide concern with the documentation process of foreclosures, causing large banks such as J.P. Morgan Chase & Co. to issue foreclosure halts. As reported by Liz ...
Continue reading "The Foreclosure Controversy" »
Posted on Jul 30, 2010 By Andrew S. Roth, Esq.
The Washington Post reported that The Federal Trade Commission has issued a set of new regulations, called the Final Rule, to debt-relief industries. With FTC Chairman Jon Leibowitz accusing them of ...
Continue reading "FTC Enacts New Regulations for Debt-Settlement Companies" »
Posted on Jul 29, 2010 By Andrew S. Roth, Esq.
While the newly signed financial law aims to regulate America's economy, Wells Fargo & Co. Chief Executive Office John Stumpf said that banks won't be the only ones bearing the burdens of the ...
Continue reading "The New Financial Overhaul: What it Means for Consumers and Businesses" »
Posted on Jul 29, 2010 By Andrew S. Roth, Esq.
According to Bloomberg , "the number of Americans filing first-time claims for unemployment insurance fell [by 11,000] to 457,000 last week, a figure that signals the labor market will be slow to ...
Continue reading "Jobless Claims Decline" »
Posted on Jul 23, 2010 By Andrew S. Roth, Esq.
A bill to extend unemployment aid has been signed by President Obama yesterday, according to The Examiner . CQ Politics News reported that the bill, named HR4213, would extend the unemployment ...
Continue reading "Unemployment Aid Extended" »
Posted on Jul 22, 2010 By Andrew S. Roth, Esq.
Yesterday President Obama passed the greatest financial overhaul bill since the Great Depression, marking the outcome of a two-year legislative debate on how to avoid a repeat of the 2008 financial ...
Continue reading "Financial Overhaul Bill Passed as Law" »
Posted on Jul 21, 2010 By Andrew S. Roth, Esq.
The economist Aparna Mathur testified last week on the The Medical Bankruptcy Fariness Act, and disagreed with a previous study on the issue of medical debtors, according to The Hill . The Medical ...
Continue reading "Exactly How Much Does Medical Debt Affect Bankruptcy?" »
Posted on Jul 15, 2010 By Andrew S. Roth, Esq.
According to Lynn Adler of Reuters , 1.65 millions properties, or one in every 78 households, made foreclosure filings that included "notice of default, scheduled auction and repossession." Although ...
Continue reading "Housing Recovery is "Elusive"" »
Posted on Jul 14, 2010 By Andrew S. Roth, Esq.
In a state where 265,000, or 13 percent, of all mortgages were delinquent or already in the process of a foreclosure, New York announced that it began pressing bigger banks to make more effort in ...
Continue reading "New York Takes its Own Steps to Prevent More Foreclosures" »
Posted on Jul 8, 2010 By Andrew S. Roth, Esq.
According to Julie Haviv of Reuters, 30-year fixed mortgage rates fell to a record low, averaging 4.57 percent this past week from the 4.58 percent last week and the 5.20 percent the week before that. ...
Continue reading "Record Low 30-Year Mortgage Rates" »
Posted on Jul 8, 2010 By Andrew S. Roth, Esq.
Bloomberg reported today about the controversy of Fannie Mae and Freddie Mac, the government-backed mortgage giants, between Democrats and Republicans. Fannie Mae has declared in its mission that its ...
Continue reading "The Debate of Fannie Mae and Freddie Mac" »
Posted on Jul 6, 2010 By Andrew S. Roth, Esq.
Saturday, July 3, marked a new legislation that would cap the growth of property taxes to 2 percent as oppose to the current 4 percent in New Jersey, according to the Associated Press . New Jersey ...
Continue reading "New Jersey Property Tax Growth Capped to 2 Percent " »
Posted on Jul 2, 2010 By Andrew S. Roth, Esq.
Luke Mullins of U.S. News reported today that home sales dropped about 33 percent in May from April while the Pending Homes Sales Index, meant to measure sales contract signings, fell 30 percent, ...
Continue reading "Drop in Home Sales" »
Posted on Jul 1, 2010 By Andrew S. Roth, Esq.
Associated Press reports that President Barack Obama passed a bill that gave three extra months for buyers qualified for the homebuyer tax credit to close their deals. The House approved this bill on ...
Continue reading "Home Tax Credit Closing Deadline Extended to September 30" »
Posted on Jun 30, 2010 By Andrew S. Roth, Esq.
PRWeb announced that The Institute for Financial Literacy released a report indicating a rise in bankruptcies in 2009 among the middle-class. This showcases the adverse effects of the Great Recession ...
Continue reading "Increase of Bankruptcies Among the Middle-Class" »
Posted on Jun 30, 2010 By Andrew S. Roth, Esq.
Last Friday marked a new legislation that "would constitute the biggest overhaul of U.S. financial regulations since the 1930s," according to The Wall Street Journal . Its aims include preventative ...
Continue reading "Financial Overhaul Bill" »
Posted on Jun 24, 2010 By Andrew S. Roth, Esq
Fannie Mae, announced yesterday "policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure," according to PR Newswire. The company increased ...
Continue reading "Fannie Mae Increases Penalty for Strategic Defaulters" »
Posted on Jun 23, 2010 By Andrew S. Roth, Esq.
Rob Lieber of The New York Times discusses a bill that aims to ease debts for private student loans if graduates file for bankruptcy. Ever since the bankruptcy law was rewritten in 2005, it included ...
Continue reading "Bill Fights to Ease Student Debt Burdens In Bankruptcy" »
Posted on Jun 23, 2010 By Andrew S. Roth, Esq.
As mentioned in a previous blog , a bill has been approved by the Senate last Thursday and currently is going through the Assembly. Shore News Today describes the aims of the bill in more detail and ...
Continue reading "The S-1 Bill: Aiming for Affordable Housing" »
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