Mortgages. , if are predatory in that you miss a payment, you are evicted and you lose equity you have built. These wall street firms that bought these foreclosed properties dont want to invest anything in them. They are trying to sell them off and they cant really read them because they are in terrible shape. They cant sell them with Bank Financing because they would not be acceptable for mortgage. They sell them to people with contract for deed or rent to buy terms. It sets people up. Of whate latest chapter i would consider, a predatory lending. Host why write this story now . Are we seeing an increase in these type of loans happening in this time and what is leading to that . Firms like street vision property, harbor properties, they bought up thousands of these units and they are trying to unload them. They are aggressively trying to get people to enter into rent to buy arrangements. Now people are getting to the what, where they realize they overpaid or it has problems and they a
Construction show. We are here to talk about housing off the back of the news that the Prime Minister wa nts the news that the Prime Minister wants us to build more social housing. In sport who do you need on your side when you are heading out of the world cup . Lionel messi scores a hat trick, to rescue argentina and send buenos aires wild. It was the tennis match that redefined the image of women in sport. Now, 44 years on, Billiejean King gives us her verdict on the new film based on the so called battle of the sexes. And matt has the weather. Good morning. A soaker of a start for some parts of the country, but conditions will improve. I have all the details in your full forecast coming up. Good morning. First, our main story the spanish Prime Minister will hold an emergency Cabinet Meeting this morning to discuss the catalan president s declaration of independence. Last night, Carles Puigdemont said catalonia had won the right to be an independent republic. But he suspended the mov
Driving the u. S. Stock market as well as hopes for some kind of tax cut. Those hopes sparking up again as we have the house passing the budget which in turn leads to higher hopes for a tax plan getting through. All the major averages are up. The russell 2000 of small caps is outperforming again. It is coming back to outperforming, up 4 10 of 1 . This is a small domestic dust and index for small, domestic orient an index for small, domestic oriented companies. Here you have the s p 500 versus the russell since the election. The russell had a big outperform its initially and sort of went sideways for a while, had another leg up in september and has gone sideways and is taking up relative to the s p 500, the relative performance improving as we get this latest wave of tax hopes. There is a Deutsche Bank index of highly taxed companies and low taxed companies. Here is a ratio of the two and the red line goes back to the election. They bottomed out in august and september and now they are
Mr. Thornberry mentioned about ack which situation reform and making sure the system works better. I thank the chairman who has taken the lead on this issue. I think we have made significant improvements while acknowledging that we still have a long way to go to get the efficiency out of the pentagon budget. I think this bill does a great job supporting the troops and their families. Its basically the case we recruit a Service Member but you retain the family, and that means you have to provide for them. We support the 2. 5 pay raise in this bill and support the troops and their families in many different ways. This is a very good product. I also want to say, and i want to thank representative langevin on this issue. This bill states that Climate Change is a National Security threat. We make that the policy of the United States congress to acknowledge Climate Change and the impact that its going to have on our National Security. And representative langevin was tireless in making sure t
Im Courtney Reagan. Stocks trading again in another fa narrow ray but another high. A volatile session for oil. Saudi arabia and three other countries cutting ties with qatar raising concerns about supplies. More on this as oil prices fall. And whats moving. A major cancer conference under way in a number of biotechs rallying as a result. Loxo and puma among them. Herbalife down 6 of its latest outlook. Brian . Here is what else is happening this hour. Csx shareholders approving a proposal to reimburse 84 million for arranging the hiring of a new ceo hunter harrison. The ceo of mantle ridge, by the way, is the vice chairman of the board for csx. In the skies the good times continue to roll. Airlines globally are collectively raising their profit forecast. The Industry Group that represents more than 200 Airlines Says the profits should top 31 billion this year. Thats about 1. 5 billion more than previously forecast. And the Supreme Court scaling back the s. E. C. s power to recoup prof