Items Tagged with 'Washington, DC'

ARTICLES

  • Forget the Double Dip; Where’s the Recovery?

    I’m in Washington, DC today, preparing to host a discussion later this week with economist Douglas Holtz-Eakin, former director of the Congressional Budget Office, a commissioner on the Financial Crisis Inquiry Commission and current president of the American Action Forum. Should be a lively Q&A, to say the least. (Many thanks to the American Legal & Financial Network for asking me to participate at their annual gathering here, as well.)
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  • SIFMA Brings On Former Congressman

    The Securities Industry and Financial Markets Association (SIFMA) on Tuesday brought on former Congressman and investment banker Kenneth Bentsen Jr. as executive vice president of public policy and advocacy. Bentsen will head up SIFMA's Washington, DC office, bringing years of experience in the market and most recently his three years of serving as president and COO at the Equipment Leasing and Finance Association. Bentsen previously served as a managing director at Public Strategies and also as a member of the US House of Representatives from Texas.
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  • Watergate-Gate: Famous Hotel on the Auction Block

    The Watergate Hotel, a Washington, DC landmark brought to international prominence by the 1972 burglary of the Democratic National Committee headquarters -- which ultimately led to the resignation of President Richard Nixon -- is on the auction block. Owner Monument Realty defaulted on its loan for the building, and a 30-day city notice of foreclosure that expired Thursday lists a $40m outstanding balance.
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  • Ocwen Taps HUD Veteran for Government Initiatives

    Ocwen Financial [stock OCN][/stock] tapped US Department of Housing and Urban Development veteran Steven Nesmith to serve as senior vice president and assistant general counsel for strategic and government initiatives at the company. The West Palm Beach-based asset manager and subprime mortgage servicer hired Nesmith to work out of its Washington, DC office, bringing a colorful background of working alongside -- and within -- government agencies.
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  • Full text of Obama's speech

    For those who missed it, below is the full text of president-elect Obama's speech on the economy and his plan when he takes office Jan. 20, courtesy of his transition office: Throughout America's history, there have been some years that simply rolled into the next without much notice or fanfare. Then there are the years that come along once in a generation - the kind that mark a clean break from a troubled past, and set a new course for our nation. This is one of those years.
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  • Home Prices Continue Fall in May: OFHEO

    Home prices in the conforming and jumbo conforming housing market continued to fall during May, dropping 0.3 percent on a seasonally-adjusted basis from April and ending the month off 4.8 percent from year-ago average prices, according to data released Tuesday by the Office of Federal Housing Enterprise Oversight.
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  • Industry Representatives Urge Slowdown on RESPA

    Industry representatives are urging officials at the U.S. Department of Housing and Urban Development to slow their planned November publishing of a new Real Estate Settlement Procedures Act regulation. The remarks came at conference panel during this past week's Real Estate Services Providers Council (RESPRO) annual conference in Washington, DC. Many in the industry feel that the public comment deadline of May 13 isn't enough time to effectively reflect public reaction or forecast the proposed rule's impact.
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  • Prices Fell in 15 of 22 Major Markets During February: Report

    Prices of properties listed for-sale fell in 15 of 22 major markets during February, with prices falling 0.4 percent between January and February, according to a new report released earlier this week. Listing prices in Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, DC have fallen by 1.6 percent in the past three months, according to the Real-Time Housing Market Report, jointly published by Altos Research and Real IQ.
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  • Prices Fall in 16 of 20 Major Housing Markets

    Prices of properties listed for sale continued to fall in December, dropping in 16 of 20 major markets, while West Coast cities lead the charge. According to a report from real estate research firms Altos Research and Real IQ, released late Wednesday, San Francisco saw average home prices drop 4.6 percent during the past three months, while Las Vegas, San Diego, Los Angeles and Detroit all registered price declines of over 3 percent.
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