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Federal finance committee makes pit stop in South Surrey
The House of Commons’ standing committee on finance met on Monday in Surrey, the first stop on a six-city road trip across Canada. The series of meetings – open to guests requesting to make presentations – opened at the Hampton Inn, located on the Langley Bypass.
Read more on Business Examiner

Lombard Finance ‘four’ due back next month
The Lombard Finance ‘four’ are due back in court next month after a brief appearance on their behalf today. Lombard Finance directors Sir Douglas Graham, Michael Reeves, Bill Jeffries and Lawrence Bryant had their case called at the District Court in Wellington today but did not appear in person. The four were remanded for a post-committal conference on October 28. A post-committal conference …
Read more on New Zealand’s National Business Review

Finance Committee reviews warrant articles
Town Meeting warrant articles for capital improvements, street acceptances and eco-friendly projects all received approval from the Finance Committee.
Read more on Billerica Minuteman

Question by anya wimmer: How well does the credit repair company work? Does any body have any good/bad experience with their services?
There’s so many credit repair co. out there and I don’t know which have a good credentials or does it really work like they advertised?

Best answer:

Answer by GEORGIA PEACH
most are cons

Add your own answer in the comments!

Case Says U.S. Housing Market Will Grow Slowly After Free-Fall: Tom Keene
The index of property values in 20 U.S. cities increased 3.2 percent in July from 12 months earlier, the smallest year- over-year gain since March.
Read more on Bloomberg

Fitch to Conduct Stress Test on Australia Home Market
Fitch Ratings said it will conduct stress tests on Australian mortgages as concerns mount that the nation’s housing market may collapse.
Read more on BusinessWeek

Excess homes a drag on York County’s housing market
York County’s housing market is still being bogged down by foreclosures and short sales that pull down the average sale price for homes.
Read more on The York Dispatch

County considers affordable-housing quotas
Should Marin County and all of its cities join together as a unit to meet state and regional mandates to provide affordable housing?
Read more on San Rafael/Terra Linda News Pointer

Question by Garrett C: Is there any way for a credit repair company to set up an account to pull credit for its clients?
I am trying to start a credit repair company but I have not found a company to go through to pull credit. All the companies seem to only work with mortgage companies. HELP!

Best answer:

Answer by cthulhu_kisses
In my experience, the clients had to get the report themselves.

Know better? Leave your own answer in the comments!

Profit Taking Drags Australian Market Lower
The Australian market ended Wednesday’s trading session in negative territory with modest losses, as traders preferred to lock in gains on the penultimate trading day for the end of the month and the third quarter, as there were no fresh catalysts to move the market. Positive closing on Wall Street in the previous session despite weak economic data had little of no impact on the trading session.
Read more on RTT News

Clinton can expect three waves in real estate market
LOCK HAVEN – The big interest that energy companies have shown for drilling the Marcellus Shale formation in central Pennsylvania is going to have a big impact on the local housing market.
Read more on The Lock Haven Express

BANKING: Mission Oaks restates loans, losses narrow in second quarter
TEMECULA —- Mission Oaks Bancorp Inc. reported narrower lossesin its second quarter ended June 30 versus the same year-ago perioddespite an adjustment on three loans with insufficient collateral.The bank reported an unaudited loss of $ 3.2 million in the quarterversus a loss of $ 5.3 million a year ago.
Read more on North County Times

MONEY & BANKING
FIXED DEPOSITS: SBI will decide soon on hiking deposit rates Teaser home loan rates to continue till December. The country’s largest commercial bank, State Bank of India (SBI), said on Wednesday that it would soon take a decision on raising its …
Read more on The Hindu

Federal finance committee visits
The House of Commons Standing Committee on Finance was in Surrey Monday morning. MPs and finance committee members from across Canada listened to a number speakers from a wide range of witnesses including the federation of Canadian Municipalities and other special interest organizations.
Read more on Cloverdale Reporter

Advisory and Finance Committee supports Charter Review Committee’s positions
The Advisory and Finance Committee had no objections Wednesday night to a proposed change in the Town Charter that would impact the committee directly. The first order of business for the Charter Review Committee, appointed at the end of June, has been to focus on possible changes to the composition of the Advisory and Finance Committee and Town Meeting as the town prepares for the addition of …
Read more on Old Colony Memorial & Plymouth Bulletin

Question by Soon2BMarried2007: Can a restaurant employer make you cover your credit card tips in advance, then reimburse on your paycheck?
My brother recently started a new job at a major restaurant chain. Last week was his first time serving, and at the end of the night, he was told that he needed to pay them the total amount of credit card tips that he earned, and that he would be reimbursed for it on his next paycheck. He was able to keep whatever cash tips he earned, but had to lay out $ 75 to cover the credit card tips. Obviously, this can add up to quite a bit of money by the end of the week, and he ends up not coming home with anything, since all his cash tips go to cover the credit card tips.

Has anyone here ever heard of this before? Supposedly, next week his paycheck will reflect the intitial $ 75 that he earned in tips, plus the $ 75 that he’s going to be reimbursed, so he will get the money back, but it doesn’t seem fair that he should have to lay it out.

Thanks!

Best answer:

Answer by thebiggamehunterusa
Never heard of it before. Your brother is floating money to the restaurant for free and may never see his tip. Tell him to run, do not stop and head for another place

Know better? Leave your own answer in the comments!

Raters Ignored Proof of Unsafe Loans
As the mortgage market grew frothy in 2006 — leading to a housing bubble that nearly brought down the banking system two years later — ratings agencies charged with assessing risk in mortgage pools dismissed conclusive evidence that many of the loans were dubious, according to testimony given last week to the Financial Crisis Inquiry Commission , Gretchen Morgenson writes in The New York Times.
Read more on New York Times

Homebuilders remain pessimistic
Associated Press, WASHINGTON — Homebuilders’ confidence in the housing market stayed this month at the lowest level in 18 months, and more worry that the traffic of potential buyers is falling.
Read more on New Haven Register

As retirees downsize and professionals look closer to core cities, too much suburban housing keeps market weak
CHARLOTTESVILLE — Changing demographics are the main cause of today’s housing surplus, according to new research by a University of Virginia urban and environmental planning professor.
Read more on The Staunton News Leader

EAST WINDSOR: Regional school district assails housing proposal
EAST WINDSOR A proposed 137-unit housing development got an âFâ from the regional school district this week.
Read more on Windsor-Hights Herald

Housing Market ‘Stagnant’ in Capital Region
National housing sales showed a positive gain in the month of August, but here in the Capital Region, it’s a different story. Randy Simons shows us why it’s not just buyers and sellers who should be paying attention to the local numbers.
Read more on WRGB Albany

How Big Is The Housing Market’s Shadow Inventory Problem?
The problem of shadow inventory has been widely reported on, but difficult to quantify. A new report out of John Burns Real Estate Consulting estimates the added supply at 10 months or about 4.7 million units and will ultimately result in lower prices (via WSJ ):
Read more on Business Insider