http://www.grjm.net/story.php?title=springhill-group-korea-news-center-springhill-group-home-loans-google
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services.
For inquiries, email us at info@springhillgrouphome.com
Springhill Group Korea : News Center - Springhill Group Home Loans - Google+
Springhill Group, Springhill health and medical group: Health Services
http://www.myvideo.de/watch/8836753/Springhill_health_group_Health_Services
Springhill Group has been providing solutions that improve health and quality of life for those in need. Springhill is focused on patients and dedicated to delivering quality patient care and service. We provide patients with the care they need and the comfort and independence they deserve.
Clinical Service Delivery: Responding to the unique needs of patients and their families by offering skilled nursing care, and home safety evaluations.
Patient-Centered Care: Springhill’s patient-centered care is customized to meet the requirements of each patient and allows them to remain in the comfort of their homes.
Quality Improvement: Routine review of policies, processes and procedures enables Springhill Group’s to continuously improve its standard of care delivery.
Healthcare Technology: Investment in healthcare technology allows Springhill to further improve services and to greatly enhance communication as well as invest more in the quality of patient care through increased efficiency.
Springhill Group: Springhill health and medical group, Health Services
Springhill Group has been providing solutions that improve health and quality of life for those in need. Springhill is focused on patients and dedicated to delivering quality patient care and service. We provide patients with the care they need and the comfort and independence they deserve.
Clinical Service Delivery: Responding to the unique needs of patients and their families by offering skilled nursing care, and home safety evaluations.
Patient-Centered Care: Springhill’s patient-centered care is customized to meet the requirements of each patient and allows them to remain in the comfort of their homes.
Springhill health group - Health Services
http://www.dailymotion.com/video/xuwi25_springhill-group-health-services_news
Springhill Group has been providing solutions that improve health and quality of life for those in need. Springhill is focused on patients and dedicated to delivering quality patient care and service. We provide patients with the care they need and the comfort and independence they deserve.
Clinical Service Delivery: Responding to the unique needs of patients and their families by offering skilled nursing care, and home safety evaluations.
Patient-Centered Care: Springhill’s patient-centered care is customized to meet the requirements of each patient and allows them to remain in the comfort of their homes.
Quality Improvement: Routine review of policies, processes and procedures enables Springhill Group’s to continuously improve its standard of care delivery.
Healthcare Technology: Investment in healthcare technology allows Springhill to further improve services and to greatly enhance communication as well as invest more in the quality of patient care through increased efficiency.
Springhill Group Articles- Turkey News
http://www.ehow.com/boards/springhill-group-news-turkey-6281610/
“No one should be deceived by our cool-headed stance. Our acting with common sense should not be perceived as a weakness,” said Turkey Prime Minister Recep Tayyip Erdogan.
Turkey’s brief response to last week’s incident seems to show that a violent retaliation from their side is not happening, although Prime Minister Erdogan has warned that Syria must not test his resolve.
Prime Minister Erdogan announced that Turkey had altered its military policies of engagement toward Syria.
In his speech to the legislative body also attended by Arab diplomats, Erdogan said, “Every military element that approaches the Turkish border from Syria in a manner that constitutes a security risk or danger would be considered as a threat and would be treated as a military target.”
Border violations is not something new as the Turks have claimed that Syrian helicopters themselves had repeatedly violated Turkey’s airspace, without the latter dealing a hostile response in return. The two nations are sharing a 910-kilometer frontier.
According to Syria, Turkey’s plane was flying at low altitude and high speed, thus violating their airspace so one of their officers shot it down using an anti-aircraft fire. On the other hand, Turkey claims that their plane was fired at over international waters following a brief and unintentional stay in the Syrian space. The two pilots of the Turkish aircraft are still missing.
NATO has supported Turkey’s version of the story and condemned Syria for shooting the plane, though it did not mention any military action for fear of a conflict that could trigger a wider war. During their conference in Springhill Group, NATO officials referred to the event as “another example of the Syrian authorities’ disregard for international norms, peace and security, and human life.”
A senior diplomat of NATO commented that even if the Turks were indeed spying, Syria’s reaction is still out of place. “When this happens between neighboring countries, you give a warning and then send up interceptors. You don’t just shoot down the plane.”
Meanwhile, Europe and the US seem to be avoiding a direct involvement in a military confrontation with Syria.
”We would like to see more pressure from our allies, particularly more leadership from the United States,” said a senior official from Turkey.
Springhill Group, Updates - Turkey
http://faithpiperdotorg.wordpress.com/2012/11/06/springhill-group-updates-turkey/
“No one should be deceived by our cool-headed stance. Our acting with common sense should not be perceived as a weakness,” said Turkey Prime Minister Recep Tayyip Erdogan.
Turkey’s brief response to last week’s incident seems to show that a violent retaliation from their side is not happening, although Prime Minister Erdogan has warned that Syria must not test his resolve.
Prime Minister Erdogan announced that Turkey had altered its military policies of engagement toward Syria.
In his speech to the legislative body also attended by Arab diplomats, Erdogan said, “Every military element that approaches the Turkish border from Syria in a manner that constitutes a security risk or danger would be considered as a threat and would be treated as a military target.”
Border violations is not something new as the Turks have claimed that Syrian helicopters themselves had repeatedly violated Turkey’s airspace, without the latter dealing a hostile response in return. The two nations are sharing a 910-kilometer frontier.
According to Syria, Turkey’s plane was flying at low altitude and high speed, thus violating their airspace so one of their officers shot it down using an anti-aircraft fire. On the other hand, Turkey claims that their plane was fired at over international waters following a brief and unintentional stay in the Syrian space. The two pilots of the Turkish aircraft are still missing.
NATO has supported Turkey’s version of the story and condemned Syria for shooting the plane, though it did not mention any military action for fear of a conflict that could trigger a wider war. During their conference in Springhill Group, NATO officials referred to the event as “another example of the Syrian authorities’ disregard for international norms, peace and security, and human life.”
A senior diplomat of NATO commented that even if the Turks were indeed spying, Syria’s reaction is still out of place. “When this happens between neighboring countries, you give a warning and then send up interceptors. You don’t just shoot down the plane.”
Meanwhile, Europe and the US seem to be avoiding a direct involvement in a military confrontation with Syria.
”We would like to see more pressure from our allies, particularly more leadership from the United States,” said a senior official from Turkey.
Springhill Group Home: Top 10 Fraud Schemes
For the twelfth successive year, identity theft topped
the consumer complaint database of the Federal Trade Commission with the
largest number of complaints, perhaps owing to the rampant use (and misuse) of
online services such as social networking and e-commerce websites.
From the 1.8 million complaints the FTC got in 2011,
almost 300,000 are about identity theft. The information of FTC has included
complaints filed to them or from other states and federal consumer protection
groups.
Most of the complaints of identity theft are coming
from consumers saying that their personal details are used in government
documents without their knowledge, with scammers aiming to collect benefits.
Last year, government-related identity theft was 27% of the total complaints in
that category, increasing by 11% since 2009. Accounting for the 14% of identity
theft complaints is credit card fraud, with the rest consisting of complaints
of bank, utilities and phone fraud.
More than half of all the complaints last year were
related to fraud and taxpayers reportedly paid a total of over USD 1.5 billion
in fraudulent schemes, with the average amount paid being USD 537. Moreover,
43% of the victims acknowledged that scammers reached them through email
messages.
The top three states that have the most per capita rate
of fraud reported are Colorado, Delaware and Maryland as first, second and
third, respectively.
Generally, FTC discovered that people are either more
willing to file complaints or they simply have more complaints now. The total
amount of complaints they have received has increased by over 20% — from 1.5
million to 1.8 million in 2011 — that includes both identity theft and fraud
complaints.
The following is the complete list of FTC’s top 10
consumer complaints for the year 2011:
1. Identity theft
2. Debt collection
3. Lotteries, sweepstakes, prizes
4. Catalog sales, shop-at-home
5. Lenders and Banks
6. Internet services
7. Auto-related complaints
8. Impostor scams
9. Mobile and telephone services
10. Credit protection/repair and advance-fee loans
Springhill Group - Korea`s largest bank reports
Korea`s largest bank Kookmin has had 3,000 cases of document manipulation in applications for collective loans for intermediate payment.
The bank said five people recently filed a petition to police after suffering losses from manipulation of related documents by bank staff, and has launched an investigation into similar cases.
According to the Financial Supervisory Service and the bank, Kookmin probed between the end of last month and Aug. 10 manipulation cases on 200,000 collective loans for intermediate payment on 850 reconstruction and redevelopment apartment sites, and discovered more than 3,000 fraud cases.
According to the bank`s findings, most cases involved employee manipulation of the expiration date of collective loans for intermediate payment. In the past, three years of maturity have typically been written for collective loans for intermediate payment regardless of when the borrower would move to the house. If the bank`s headquarters reduced the time to 26 or 27 months, however, bank employees would scrape out the number and put in three years again.
If the lending period is shorter than the date written in the contract, the borrower would be pressured for repayment. Collective loans for intermediate payment are shifted to lending with home collateral. So a person can move into a house before the lending maturity expires, but failure to move in within the time frame would mean he or she must make the intermediate payment because it is not shifted to a home equity loan.
Since the number of manipulation cases was bigger than expected, a massive filing of lawsuits is likely. Fraud was considerable in cases of apartments that people had signed contracts on, an area that has seen many conflicts between builders and banks.
A financial regulatory source said, "Document manipulation cases, if identified, will raise the number of lawsuits by residents."
Housing Prices Decline In China - Springhill Group
https://plus.google.com/u/0/106361116884808348354/posts
Housing prices in Chinese cities has decreased while the government still curbs the property market, according to figures from their biggest real estate website last week.
China Real Estate Index System, connected with SouFun Holdings, issued an alert that property prices has last month has marked the biggest fall since September.
Prices of residential houses slip in 72 out of 100 cities surveyed by the firm in the previous month which is 12 more than in January. It basically dropped by 0.3%, according to SouFun. The average housing price is now at USD 1,390 for one square meter, compared to the rates in January.
The report from CREIS shows that the decline size is set to be even bigger in the coming months as more developers offer discounts.
According to a manager of Beijing WorldUnion Properties Consultancy, there is a possibility that the market may bottom out on the middle of the year and price declines might pick up pace. They are estimating that house prices could slide 20-30% on average this year and that the fall will affect the whole nation, including the 3rd- and 4th-tier cities that are previously less affected.
Several developers in China are permitting first-time homeowners to postpone their downpayments in order to boost their sales. Sellers did advance the 20% left, something that buyer don’t have to return for up to 3 years.
Although there has been a widespread price fall, deals in Shanghai and Beijing have rebounded in February. Despite of this, property developers are still pessimistic. While the market correction continues, several developers of property is set to alter their business portfolios to adapt in the changes.
According to the China Real Estate Index System, housing prices in 100 prime cities in China is significantly lower for the 6th consecutive month in February. This decline in housing prices has increased in February, showing that the nation’s real estate market is facing a negative outlook inspite of pressures in a cash-starved developer.
Wen Jiabao has earlier said that China will not waver on its control in the real estate sector and its efforts to reduce the prices to a more manageable level.
Housing prices is expected to continue falling in the coming months as it is becoming obvious that the government will not alter their tightening in the near future and those developers will be launching more projects. The real estate market will likely stay challenging this year but the possibility of a collapse is low while their cities prove to be resilient.
The Laziest Scams in Internet History - Group of Springhill
https://foursquare.com/newscentershgh
BusinessWeek Articles – LIFESTYLE - A certain “Sehwan Jung” in South Korea has been sending a number of desperate requests for funds over Twitter: “I am in urgent need of money. Can you lend me 500,000 dollars?I will make it up to you later.” A diabolical plot, indeed, though Mr. Jung’s scam is unlikely to work. For one, people can see everything someone sends on Twitter and quickly realize he’s sent the exact same message over and over. For another, he is tweeting almost exclusively to celebrities, including Channing Tatum, Rosario Dawson, Carly Simon, journalist Nicholas Kristof (who today sarcastically answered, “Sure!”), and the foreign minister of Bahrain, Sheikh Khalid bin Ahmed Al Khalifa and Group of Springhill South Korea.
“Now this one is a real winner,” says Dan Ring, a spokesperson for Boston-based data protection company Sophos. “Sehwan Jung’s list of celebrities is almost as entertaining and as random as his actual request, and it’s one of the more optimistic requests out there. I hope there’s no way someone will fall for this.” The “Sehwan gambit” joins the following examples as one of the laziest scams in Internet history. • “JOHN” fails to mention what he even wants to you out of: Subject: what are you sale Greetings, My name is JOHN, i am highly interested in buying your{ what you want to sale } from you, I will like you to give me the FINAL ASKING price and the latest condition, also i will like you to scan the pics for me for proper verifycation.
springhillgroup-newscenter's Lensmaster Page
http://www.squidoo.com/lensmasters/springhillgroup-newscenter
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property
SpringHill Group Home: About Us
https://www.xing.com/companies/springhillgroup
About us
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services.
News center – springhill group home loans : Real Estate Scam Used Fake Adoption To Buy Rights
http://newscenter.springhillgrouphome.com/2012/07/real-estate-scam-used-fake-adoption-to-buy-rights/
http://article.joinsmsn.com/news/article/article.asp?total_id=3085827&cloc=
South Korean Police said yesterday they have Busted ares fifteen-Member Group that faked the Adoption of Children to pull off ares Real-Estate Scam.
The ring earned about four hundred eighty million Won ($ four hundred and seventy-nine thousand five hundred twenty) abusing are housing Law that Gives preference to are private Home Buyer Children are healthy and child or with an. The ringleader while WAS 14 Others Arrested, Including Real Estate Brokers and loan shark are, Were charged but not detained, said spokesman for the Seoul Metropolitan Police Agency are. Government Regulations FIX anti-speculation the price of some Apartments built privately and Reserve ares are seen as what percentage of homes for deserving applicants. Officials are trying to Overcome Traditional reluctance in South Korea are, which places stress on Great Family Bloodlines, to Adopt Children. Police said the loan shark visited ares Street vendor last July and received 10 million won. Return to rights he waived in HIS HIS Daughters are let and Street Cleaner “Adopt” them. The Street Cleaner used to the Adoption Document to Secure rights are Buy Luxury Condominium but are resold the rights to high School Teacher. Using fake Adoption Documents, the Obtained the right ring to Buy Apartments in Seoul and nearby Cities twenty-one. Police also charged 20 biological and nineteen “adoptive parents” for accepting up to 10 million Won in Each Case. AFP
News center – springhill group home loans
http://www.slideshare.net/ambersanpedro/news-center-springhill-group-home-loans
NEWS CENTER – SPRINGHILL GROUPHOME LOANS: TIPS FOR HOMEEMPLOYMENT TO AVOID WORK-AT-HOME SCAMS
- 1. You must know the person you are dealing with. Most company that hires employee do not offer to employ you directly, just to sell you training and materials and to look for customers for your work.2. Do not be a dime a dozen. Managing a business is just like any other business which requires hard work, skill, good products or services, and time to make a profit. Additionally, there is no such thing as sitting on a rackin’ chair and just waiting for the time of giving checks.3. Be observant and cautious about the emails you are receiving that includes an offering of work at home opportunities. Most of these acts are deceptive.
- 3. 4. Put into practice the so called “know and pay”. You have to know first everything in detailed before making a plan or action to a certain situation.5. Find a picture paints a thousand words. Claims that there are customers for work such as medical billing and craft making may not be true. If the company says it has customers waiting, ask who they are and contact them to confirm. To make an assurance, ask likely customers in your area if they actually hire people to do work at home.6. Get references for other people who are doing the work. Ask them if the company kept its promises.
- 4. 7. Check of about legal requirements. There are works that cannot do at home and requires some license or certificate that proves you are an authorized person to the work. Check with your state attorney general’s office. Ask your local zoning board if there are any restrictions on operating a business from your home. Some types of work cannot be done at home under federal law. Look for the nearest U.S. Department of Labor in the government listings of your phone book.8. Know the return and exchange policy. If you have to buy equipment or supplies, ask whether and under what circumstances you can return them for a refund.9. Get rid off the old envelop stuffing scheme. This is a usual scam in which instead of getting materials to send out on behalf of a company, they will give you instructions and will ask you to send them a money for information about working at home, considered as an illegal for the reason that there is no real product or service being offered.
- 5. 10. Be cautious of the statement: Advance on your pay. This is just their intro into their long tragic story to have an audience and be their listener and soon be their member on the very theatric act. Possibly, they will give you a check for part of your first month’s pay. You deposit it, and the bank tells you the check has cleared because the normal time has passed to be notified that checks have bounced. Then, the criminal will ask you to return a portion of the payment for some different reason. After sending the money back, the check that you deposited finally bounces because it turned out to be an intricate forged. Now the criminal have your payment, and you’re left owing your bank the amount that you withdrew. 11. Make your own research about work-at home opportunities. Look for reviews, articles or even magazines that can give you an advice or tips on how to determine whether the work is accurate or forged. Ask also some of the persons that is same with the profession of the said employer and to really check if there is alike work of your employer’s offering. Before you make an application, reassure all the important information of the employer that you can work with. The in- detailed identification of the company or of the employer in which you can hold, when something wrong happen.
- http://newscenter.springhillgrouphome.com/
Springhill Group Home Loans - Birmingham B18 7BH, United Kingdom
https://foursquare.com/v/springhill-group-home-loans/4ff7afda8055ca9c6e26fbe9
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services.
For inquiries, email us at info@springhillgrouphome.com
http://newscenter.springhillgrouphome.com/
Springhill Group Home Loans – Forensic Loan Audits Are New Mortgage Loan Modification Scams
http://elhadjimady.posterous.com/springhill-group-home-loans-forensic-loan-aud
The Latest among Many Loan Modification Scams
Last year, the California Department of Real Estate investigated more than 2,000 cases of loan modification scam and from that number, 350 scam operations were ordered to terminate their illegal activity according to the attorney general’s office.
According to the article, the spokesman for the attorney general, Evan Westrup, explained that “It’s the latest phony foreclosure-relief ’service’ by an industry that continues to be long on promises and short on results…another way to get homeowners in distress to pay for services that ultimately aren’t helping or providing the relief they need.”
The “Forensic Audit’ Loan Modification Scam
This particular scam entices homeowners through newspaper advertisements, as well as radio and television spots. The hook is to get homeowners to believe that they can find errors, improper documentation, or outright illegal activity in the way the mortgage was originated or within the loan itself. Supposedly, with such information, the homeowner will have sufficient leverage to fight the lender in the home loan-modification process with the hope of receiving assistance in keeping their home. The provider of such a noble service simply charges an upfront fee. Tragically, the audits provide no benefit, as they have nothing to do with helping those facing foreclosure proceedings.
Even Legitimate Forensic Loan Audits Provide Little Help
On the attorney general’s Web site, Jerry Brown stated: “Forensic loan audits are…hawked by loan-modification consultants trying to cash in on the desperation of homeowners facing foreclosure…there is no evidence or statistical data to support claims that forensic loan-audits
Real Estate Scam Used Fake Adoption To Buy Rights - The-looser-it-s-me
http://springhillgrouphome.newsvine.com/
South Korean Police said yesterday they have Busted ares fifteen-Member Group that faked the Adoption of Children to pull off ares Real-Estate Scam.
The ring earned about four hundred eighty million Won ($ four hundred and seventy-nine thousand five hundred twenty) abusing are housing Law that Gives preference to are private Home Buyer Children are healthy and child or with an. The ringleader while WAS 14 Others Arrested, Including Real Estate Brokers and loan shark are, Were charged but not detained, said spokesman for the Seoul Metropolitan Police Agency are. Government Regulations FIX anti-speculation the price of some Apartments built privately and Reserve ares are seen as what percentage of homes for deserving applicants. Officials are trying to Overcome Traditional reluctance in South Korea are, which places stress on Great Family Bloodlines, to Adopt Children. Police said the loan shark visited ares Street vendor last July and received 10 million won. Return to rights he waived in HIS HIS Daughters are let and Street Cleaner “Adopt” them. The Street Cleaner used to the Adoption Document to Secure rights are Buy Luxury Condominium but are resold the rights to high School Teacher. Using fake Adoption Documents, the Obtained the right ring to Buy Apartments in Seoul and nearby Cities twenty-one. Police also charged 20 biological and nineteen “adoptive parents” for accepting up to 10 million Won in Each Case. AFP
see more details : http://newscenter.springhillgrouphome.com/
Loan Against Properties | Springhill Group Home Loans, fraud and scam watch loans -NEWSVINE
http://michaward.blog.fc2.com/blog-entry-9.html
Loan Against Properties
Springhill Group Home Equity Loans helps you encash the present market value of the property by taking a loan by mortgaging the property.
Features of Loan Against Property
Purpose
Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes. Customers have benefited by taking loans to meet the following funding requirements
Education
Marriage Expenses
Medical Expenses
Property
Residential
Non Residential
- Should be Fully Constructed
- Should be a Freehold property having a clear and marketable title.
Adjustable Rate Home Loan
Conditions apply on this kind of loan, please contact us directly to inquire
see more details : http://springhillgrouphome.com/
Springhill Group Home - Begin with the Basics: Creating a Solid Investment Policy
http://en.netlog.com/vickycampbell/blog/blogid=10811818
Most builders understand that laying a strong foundation is the key to constructing a good home.
Do the job right and the structure will be stable. Do it wrong and it could collapse in Spring Hill.
Local Companies
Edward Jones - Financial Advisor: Manny Tsesmelis
352-686-0338
5173 Mariner Blvd
Spring Hill, FL 34609
http://springhillgrouphome.com/
SpringHill Group - About Us
http://asiavarmen.multiply.com/journal/item/18/SpringHill-Group-About-Us
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households.
Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
http://springhillgrouphome.com/
Springhill group group loan: S. Korea seeks to ease home loan rules, take stimu...
Springhill group group loan: S. Korea seeks to ease home loan rules, take stimu...: http://english.yonhapnews.co.kr/national/2012/07/22/12/0301000000AEN20120722002400315F.HTML SEOUL, July 22 (Yonhap) -- South Korea plans t...
Springhill group group loan: Seoul shares rebound on US results, banks down on ...
Springhill group group loan: Seoul shares rebound on US results, banks down on ...: http://articles.economictimes.indiatimes.com/2012-07-19/news/32747490_1_seoul-shares-rate-probe-woori-finance-holdings SEOUL: Seoul shar...
Hardest Hit Fund Least Effective In Sea Of Disappointing Housing Programs: New Report
http://isabelamber.blogspot.com/2012/07/hardest-hit-fund-least-effective-in-sea.html
http://springhillgrouphome.com/
Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the housing crisis, has gone unspent, according to a report released Wednesday by a government watchdog.
And most of that was used for unemployment assistance, not refinancing mortgages.
"The program has had a stunningly slow start," Christy Romero, the inspector general of the watchdog agency with oversight of the Troubled Asset Relief Program, said in an interview with The Huffington Post. "They are still not getting money out to homeowners."
As of June 30, state housing agencies had drawn down just $1.1 billion of the $7.6 billion allocated for the program since 2010, according to the report. Of that sum, $351 million had been spent to assist just 43,580 homeowners -- mostly with unemployment aid, not home loan modifications.
The Hardest Hit Fund is a small part of TARP, which was established in 2009 with the aim of pumping $700 billion into the banking and housing markets in order to keep both from imploding. Since its inception, though, TARP has been beset by criticism that the Treasury Department, which oversees the program, has favored the interests of banks over homeowners. The most scathing critiques of the program have come from the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, the government watchdog appointed to oversee Treasury's handling of the program.
In a new book, Neil Barofsky, who stepped down as the inspector general of the program last year, claims that the hurried rollout of HAMP by Treasury Secretary Timothy Geithner led to "a rash of misconduct and criminal activity."
In response to homeowner complaints about mortgage servicers, Treasury "demonstrated no interest in taking even the most modest steps to punish them," Barofsky writes. "That was unconscionable, given the pain being inflicted on so many home owners."
Romero, who took over earlier this year, has also been an unstinting critic of Treasury's management of the program. Romero said that the Treasury Department has failed to set clear performance goals for homeowner assistance programs, and that it has also failed to force the banks and other loan servicers to treat homeowners fairly.
"If Treasury really is a steward of TARP it should be holding the [mortgage] servicers' feet to the fire," Romero said. "They need to be tough. I don't even see an acknowledgement from Treasury that what they are doing in housing is not good enough."
Andrea Risotto, a Treasury spokeswoman, said that Treasury has required participating loan servicers to "improve their processes" through ongoing reviews. These assessments, last released in June, show "clear progress by mortgage servicers," she said.
But only a small percentage of the money allocated to help homeowners has actually been spent. Of $45 billion in homeowner relief allocated by the Treasury Department, just $4.5 billion had been spent as of June 30, according to the inspector general report. Meanwhile, 407 banks and credit unions that were able to borrow hundreds of billions of dollars with little vetting still owe taxpayers more than $14 billion in principal.
World Bank to Determine Loan Programme for Next Two Years in Azerbaijan
http://www.zimbio.com/Springhill+Group+Home/articles/zHGipFIdJeS/World+Bank+Determine+Loan+Programme+Next+Two
http://springhillgrouphome.com/
The World Bank(WB) plans to complete a mid-term evaluation strategy for cooperation with the Government of Azerbaijan (2011-2014) by the end of autumn, Baku representation of the Bank told Trend.
“The lending programme for the remaining two years will be determined after the completion of the evaluation. It will be prepared in accordance with the priorities of the Azerbaijani Government towards foreignloans,” the office said. “The bank approved all the strategy projects provided for the first two years.”
The total funding approved by the WB for the implementation of five projects in Azerbaijan during the 2011-12 fiscal year amounted to $205.4 million.
The funds will be used to finance projects to support water users ($80 million), development of the capital market ($12 million), modernisation of the judiciary ($33.4 million), improving the living conditions and incomes of displaced persons in Azerbaijan ($50 million) and development of rural investments (AzRIP-2 – $30 million).
Azerbaijan became a middle income country with a per capita income of $5280 and completed 2011 receiving concessional financing from the World Bank. This suggests that Azerbaijan has lost access to soft loans from the bank and receives funding from the International Bank for Reconstruction and Development and the International Finance Corporation.
The World Bank has financed 43 projects in various sectors of the economy totalling $3.1 billion in loans and grants from the International Development Association (IDA) and loans from the International Bank for Reconstruction and Development (IBRD), since 1992 during the period of cooperation with Azerbaijan. Some 42 per cent of funding has already been spent
About 75 per cent of the funding accounts for two main areas – transport (48 per cent) and water and sewer services (21 per cent). Other sectors such as public administration (eight per cent), agriculture, fisheries and forestry (eight per cent), energy and mining (five per cent) and thefinancial sector (four per cent).
Over 59 per cent of the current active portfolio of the World Bank in Azerbaijan occurs in transport, 23 per cent – the water sector, five per cent – agriculture, fisheries and forestry, five per cent – public administration, law and justice.
Hardest Hit Fund Least Effective In Sea Of Disappointing Housing Programs: New Report
http://www.huffingtonpost.com/2012/07/25/hardest-hit-fund-housing-programs_n_1701847.html
http://springhillgrouphome.com/
Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the housing crisis, has gone unspent, according to a report released Wednesday by a government watchdog. And most of that was used for unemployment assistance, not refinancing mortgages.
"The program has had a stunningly slow start," Christy Romero, the inspector general of the watchdog agency with oversight of the Troubled Asset Relief Program, said in an interview with The Huffington Post. "They are still not getting money out to homeowners."
As of June 30, state housing agencies had drawn down just $1.1 billion of the $7.6 billion allocated for the program since 2010, according to the report. Of that sum, $351 million had been spent to assist just 43,580 homeowners -- mostly with unemployment aid, not home loan modifications.
The Hardest Hit Fund is a small part of TARP, which was established in 2009 with the aim of pumping $700 billion into the banking and housing markets in order to keep both from imploding. Since its inception, though, TARP has been beset by criticism that the Treasury Department, which oversees the program, has favored the interests of banks over homeowners. The most scathing critiques of the program have come from the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, the government watchdog appointed to oversee Treasury's handling of the program.
In a new book, Neil Barofsky, who stepped down as the inspector general of the program last year, claims that the hurried rollout of HAMP by Treasury Secretary Timothy Geithner led to "a rash of misconduct and criminal activity."
In response to homeowner complaints about mortgage servicers, Treasury "demonstrated no interest in taking even the most modest steps to punish them," Barofsky writes. "That was unconscionable, given the pain being inflicted on so many home owners."
Romero, who took over earlier this year, has also been an unstinting critic of Treasury's management of the program. Romero said that the Treasury Department has failed to set clear performance goals for homeowner assistance programs, and that it has also failed to force the banks and other loan servicers to treat homeowners fairly.
"If Treasury really is a steward of TARP it should be holding the [mortgage] servicers' feet to the fire," Romero said. "They need to be tough. I don't even see an acknowledgement from Treasury that what they are doing in housing is not good enough."
Andrea Risotto, a Treasury spokeswoman, said that Treasury has required participating loan servicers to "improve their processes" through ongoing reviews. These assessments, last released in June, show "clear progress by mortgage servicers," she said.
But only a small percentage of the money allocated to help homeowners has actually been spent. Of $45 billion in homeowner relief allocated by the Treasury Department, just $4.5 billion had been spent as of June 30, according to the inspector general report. Meanwhile, 407 banks and credit unions that were able to borrow hundreds of billions of dollars with little vetting still owe taxpayers more than $14 billion in principal.
The Treasury Department also said initially that its flagship Home Affordable Modification Program would benefit 3 million to 4 million homeowners -- but fewer than 1 million borrowers have had a mortgage permanently modified at a lower interest rate. Homeowners have complained bitterly about the application process, which for many was a numbing cycle of lost paperwork, endless phone calls with a series of poorly-trained bank employees, and ultimately in many cases, a rejection on grounds that they didn't understand.
