Tag Archives: Announcement

Effect Entrepreneur and Investor Comments on the Obama Administrations Announcement of their National Impact Initiative

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New York, NY (PRWEB) June 27, 2013

On June 27, impact entrepreneur and investor, Philippe van den Bossche, comments on the Obama Administrations announcement of their National Influence Initiative at the UKs G8 Social Influence Investing Forum this month.

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According to the White Homes press release on WhiteHouse.gov, the Obama Administration launched the National Effect Initiative (NII) to expand the use of influence investing as an element of the Administrations techniques for economic growth and global development.

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Effect Investing is the practice of channeling capital toward organizations that intentionally generate financial return and public benefit. Such organizations openly track and measure social, environmental, and governance (ESG) considerations alongside their monetary returns.

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In the course of his presidency, President Obama and his Administration have been functioning to help effect investing with series of policies and applications which includes:&#13

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Debt Relief Center Offers Public Service Announcement On How Home owners Thinking about Bankruptcy Will Be Affected By Hamp

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Salt Lake City, UT (Vocus) August five, 2010

With the 2008 economic crash in the United States, several new programs have been devised beneath the Monetary Stability Act of 2009. The Property Inexpensive Modification System (HAMP) is one particular of these federal applications that aims to ease the burden of the borrower. The American Debt Relief Center, primarily based in Utah, desires to remind homeowners that filing for bankruptcy does not disqualify them from modifying their mortgages pursuant to HAMP. HAMP is a plan that encourages mortgage lenders to decrease monthly payments, cease foreclosure activity, and lessen interest rates and a number of other borrower friendly incentives. Although some think that filing bankruptcy will have an effect on their eligibility for such perks, The American Debt Relief Center wants to remind the public that as long as your loan meets the other criteria for eligibility, bankruptcy is not a barrier from benefiting from the program.

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The American Debt Relief Center is a law office designated by the federal government as a debt relief agency, authorized to file bankruptcies, which includes Chapter 13 Bill Consolidation programs. They have never ever been a lot more suited to assist those with queries about HAMP, as they are pleased to announce the hiring of William J. Evans, not too long ago graduated from BYU with a BA degree in English and Andrew W. Luikart as legal assistants.

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In all, the American Debt Relief Center has helped thousands of folks and households acquire a fresh commence with out the burden of debt. For further data regarding Chapter 7 and Chapter 13 choices, contact the 24-hour recorded message at 801-583-BILL (2455).

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The American Debt Relief Center a Salt Lake City debt consolidation law workplace was founded with the intent to support individuals remove their debt and safeguard their assets. Their Utah bankruptcy attorneys have more than 40 years of combined knowledge and know how to function with creditors and the courts on your behalf. Federal law entitles you to protection from garnishments, repossessions, foreclosures, lawsuits and judgments and theyll aid you discover the relief.

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VA Home Loan Data Lost Amid Backlog Announcement

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Chicago, IL (PRWEB) June 17, 2013

The Federal Savings Bank regrets to inform readers that despite Senator Kay Hagan’s recent reassurances that progress is being created addressing the Veterans Affairs claims backlog, a slew of VA house loan files were accidentally deleted.

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The Under Secretary for Advantages will be going to Hagan’s office to address the veteran claims backlog there, as well as identify achievable options to expedite the procedure.

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“More than 7,000 veterans have been waiting at least a year at our Winston-Salem office to have their disability claims ruled on,” stated Hagan. “And more than 700 veterans have actually been waiting more than two years to have their claims handled.”

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Although Hagan received a direct response from the Secretary of Veterans Affairs, she stated she nevertheless would like a detailed strategy of action that will see to it that that backlog issue is alleviated.

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According to the Federal Times on June ten, 2013, an estimated 464,000 house loan applications and grant documents had been accidentally deleted by a VA database administrator at the Cleveland VA regional office.

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Of the more than 1.1 million veterans in Ohio, those that qualify for eligibility in the Specially Adapted Housing grant program will be impacted. The program assists disabled veterans in locating living arrangements that can accommodate their distinct disability.

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“We hope that now the VA realizes the information has been lost, they will jump on it and not only fix the difficulty but also function with the folks impacted to aid expedite their applications,” Gerald Manar, deputy director of national veterans service at the Veterans of Foreign Wars, told the Federal Occasions.

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Although it is unclear how the loss of data will influence processing time, or for how lengthy, Manar suspects there will be huge delays for numerous veterans who submitted loan applications. The news does not come at a excellent time for the VA. The existing rewards claims backlog is about 860,000 – getting enhanced by two,000 % in the final 4 years – with most veterans waiting about 320 days prior to receiving compensation.&#13

To address the extent of the issue, the VA not too long ago enacted an overtime strategy to aid crunch the information and speed up the processing of claims.

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“Our primary goal in addressing this concern is to make certain that impacted veterans and service members are in a position to close their loan in a affordable quantity of time,” mentioned Jo Schuda, VA spokesperson. “VA reached out to lenders, appraisers and employees appraisal reviewers to request them to re-upload appraisals for pending closings VA’s leading lenders (who produce over 70 percent of our volume) noted that the impact on closings, if any, was in between 1 and three days.”

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For far more news or information on veteran grants or loans folks speak to a banker at The Federal Savings Bank.

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Recent US Treasury Announcement States that Net Present Value Test, Such as United Resources Solutions’, Will Ensure a Loan Modification

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Fort Lauderdale, FL (PRWEB) April 14, 2011

It’s no secret that our nation’s economy is in a slump. There have been numerous adverse consequences on the American folks as a result of the recession, including an improve in foreclosures. But in an work to stop foreclosures, much more and a lot more men and women are pursuing loan modification. Loan modification alters the terms of the loan to avert default. But in order to be regarded as for loan modification, a homeowner need to pass the NPV test. The NPV test measures the net present value (NPV) of your home. If a homeowner passes the NPV test, they will be authorized for a loan modification. The NPV test is not essential, but it can help. An on the web version of this test can be discovered with United Resources Solutions’ Web site. Even the US Treasury Department has recently said that it is the only certain way of receiving a loan modification.

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When somebody is in search of loan modification, they can take the NPV test in order to see if it will aid to stay away from foreclosure. The NPV test requires the homeowner’s cash flow and factors in the loan expenses with loan modification and with no loan modification. If the NPV test is constructive, then it indicates that the homeowner would have greater cash flow with a loan modification. The NPV test is a wonderful way for lenders to evaluate whether or not a modification would really support the homeowner or not. If it would not aid homeowner, then there’s no point in performing it.

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The major purpose of a loan modification is to prevent foreclosure. Foreclosures are a big loss of revenue for the bank as nicely as a blot on the borrower’s credit record, so it is typically in everyone’s very best interest to avoid foreclosure. Typically, a loan modification can alter a loan slightly so that the borrower is capable to pay for it. The NPV test can give the lender a far better concept of how helpful a loan modification would be. The NPV test is simple to run, and the NPV test is a wonderful way to save time. If the borrower passes the NPV test the borrower will be authorized for a loan modification.

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The NPV test is such a excellent indicator that the United States Treasury Department has even stated that passing the NPV test is the only positive way to be approved for loan modification. The documents from the Treasury Department go additional, stating that When Mortgage modifications have a optimistic NPV, it is in the ideal interests of lenders, servicers, investors, and borrowers to modify mortgages to lessen the risk of foreclosure. It is a great idea to take the NPV test if the borrower is getting a tough time paying their mortgage. A loan modification can support to make a borrower’s loan far more affordable. If the borrower is critical about getting a loan modification, take the NPV test. It is the best bet at acquiring the loan modification that is necessary.

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A good resource, and an NPV loan modification test can be identified at the &#13

United Resources Options internet site.

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Lance Denha Discusses Bank of America Announcement to Widen Its Principal Reduction Offerings

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(PRWEB) May 16, 2012

Bank of America announced last week that it has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an estimated average of $ 150,000 each. This reduction for qualifying homeowners could amount to monthly savings of up to 35 percent on mortgage payments, Bank of America said in a news release on May 7, 2012.

The principal reduction offers from Bank of America Home Loans are the direct result of a $ 25 billion settlement agreement earlier this year with 49 state attorneys general as well as federal authorities who had been investigating allegations of abuses over the handling of foreclosures, as reported in March of this year by the Associated Press. To the extent principal reduction and other modification tools help us turn mortgages headed for possible foreclosure into long-term performing loans, it will be positive for homeowners, mortgage investors and communities, Ron Sturzenegger, a legacy asset servicing executive, said in the statement. Lance Denha, Esq. of the Law Offices of Lance Denha commented however that The banks involved have up to three years to meet the provisions of this settlement although there are incentives for banks to assist homeowners in the first twelve months.

Bank of America said it planned to contact more than 200,000 homeowners who could be candidates for the offers, sending letters to a majority of them by the third quarter of this year. To be eligible for the principal reductions, however, homeowners will have to meet certain criteria, including: having a loan owned or serviced by Bank of America; owing more on the mortgage than their property is worth; and being at least 60 days behind on payments as of the end of January. Mr. Denha was quick to note, Catering only to those borrowers 60 days or more behind on payments has the added benefit to Bank of America to avoid any potential legal hurdles in cases where shoddy paperwork makes it difficult for them to prove it owns the mortgage and has the right to foreclose. Its a strategic move by Bank of America to assist those homeowners that it initially tried to foreclose on during the Robo-signing period that resulted in the settlement. Many of the original problems and irregularities still exist. The Associated Press noted at the time of the settlement that Bank of America had the largest financial obligation under the settlement at $ 11.8 billion.

The bottom line is this, says Lance Denha, Those who help themselves succeed more than they fail. Those who are conditioned to waiting for the state or federal government to make the banks do the right thing are likely to find themselves with few options. The wise homeowner is already pursuing his bank in the right medium: the courtroom. He is well-prepared, usually has retained an attorney, has the evidence of a securitized loan audit and can prove his case.

The Law Office of Lance Denha P.A. is committed to ensure that every possible avenue is pursed so that the homeowners legal rights are preserved. Actively monitoring the ever changing landscape of foreclosure laws, recent foreclosures across the nation as well as state imposed rules and procedures associated with foreclosure, is vital to ensure and protect these rights. The Law Offices of Lance Denha P.A. is a multistate law firm and helps legally defend wrongful foreclosure actions and utilize any and all legal tactics available to help accomplish preserving homeowners rights. For further information or assistance, please call at 954-840-0770.







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