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Lenders are boosting their attempts to avoid home foreclosures, but fewer than half of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent, data released Friday show.The report, based on an analysis of nearly 35 million loans worth more than $6 trillion, was published by the… Continue Reading Loan modification rise; homeowners see little relief

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City gets “Top Ten” nod from Forbes

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Forbes.com has ranked the Colorado Springs #10 on its top 10 “Best Place for Business and Careers” list, out of the country’s 200 largest metropolitan areas. The city ranked 25th in the “educational attainment” category, 11th for income growth potential and 28th for job growth projected. Raleigh, N.C., got first place honors, but Fort Collins… Continue Reading City gets “Top Ten” nod from Forbes

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Refunds due title insurance customers

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About 3,500 state residents will get refunds totaling $393,000 from title insurance companies and agents, according to the state’s Department of Regulatory Agencies. The refunds are the result of an audit of about 14,000 residential closings in 2007 and early 2008 that found “significant errors in the calculation of title insurance rates,” DORA said. As… Continue Reading Refunds due title insurance customers

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Retail sales increase slightly

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U.S. retail sales beat analysts expectations for the second straight month, according to the National Retail Federation. The NRF report noted that retail sales rose .6 percent seasonally adjusted from January. Meanwhile, January’s sales figures were revised up from .5 percent growth to 1.4 percent seasonally adjusted month-to-month. Though NRF Chief Economist Rosalind Wells remained… Continue Reading Retail sales increase slightly

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Global leaders pledge $1.1 trillion

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World leaders pledged $1.1 trillion in loans and guarantees to struggling countries and agreed Thursday to crack down on tax havens and hedge funds – but failed to reach sweeping accord on more stimulus spending to attack the global economic decline. At the end of a highly anticipated one-day gathering, leaders of the Group of… Continue Reading Global leaders pledge $1.1 trillion

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Peak Vista plans to use $1.3 million received from the American Recovery and Reinvestment Act to create new mobile health services.The grant will provide money for two years, and covers both the staff and operations of mobile health services, which will bring care to children in their neighborhoods. Peak Vista was the only community health… Continue Reading Peak Vista creates new services, staff positions

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Springs’ home values hold fairly steady

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Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other… Continue Reading Springs’ home values hold fairly steady

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Accounting board changes asset rules

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WASHINGTON (AP) – The board that sets U.S. accounting standards on Thursday gave companies more leeway when valuing assets and reporting losses, providing a potential boost to battered banks’ balance sheets.The independent Financial Accounting Standards Board voted to adopt new guidelines under the so-called mark-to-market accounting rules, which require companies to value assets at prices… Continue Reading Accounting board changes asset rules

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Wind association launches blog

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The American Wind Energy Association has launched “Into the Wind,” a blog dedicated to the wind energy industry. The site draws on the expertise and experience of AWEA members and staff, and offers up-to-date information about advances in wind energy technology and other developments within the indsutry itself.

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Group of 20 to increase IMF funding

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Global leaders made headway Thursday on tackling the world financial crisis, with new clampdowns likely on tax havens and hedge funds and more funds heading to the International Monetary Fund so it can boost loans to struggling countries.Officials close to the negotiations said the Group of 20 nations could triple their funding for the IMF… Continue Reading Group of 20 to increase IMF funding

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