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Amit Chokshi submits: Downey Financial Corp. (“DSL" or the “Company") is a savings and loans holding company for Downey Savings and Loan Association, a regional bank based in Downey, California with just under 100 full-service branches across parts of CA and AZ. As a regional savings and loan association, DSL's main business is loan origination, focusing primarily on residential real estate mortgages in California and mortgage-backed securities (“MBS"). While the Company focuses on first mortgage loan origination secured by residential properties, it also originates multi-family and commercial property loans, home equity loans (“HELS"), and home equity lines of credit (“HELOC"). DSL also provides construction loan financing for residential and commercial projects. A key component of DSL's investment portfolio has been its emphasis on the origination of adjustable rate mortgages (“ARMs") for single family homes loans, including sub-prime loans.
Staten Islanders looking to renovate their houses lost more than $1 million after hiring home improvement contractor Jim Cartrette, prosecutors estimated yesterday. The Annadale resident, who spent two days on the run last week before turning himself in, allegedly defrauded nine families after establishing a business in his wife's name. After missing a court appearance Thursday, Cartrette was charged yesterday in state Supreme Court with a dozen crimes, including seven counts of second-degree grand larceny. The most serious charges carry a penalty of up to 15 years in prison on conviction. Cartrette was remanded to Rikers Island without bail. The home improvement business is populated by hardworking individuals who play a large role in helping homeowners complete part of the American Dream.
VALLEY COTTAGE - A fire at the Mountainview Condominiums that displaced more than 40 families has prompted an immediate and massive outpouring of help from the community. Neighbors in the development, residents throughout the county, several companies, organizations and local congregations have offered gifts of clothing, food and money to the displaced residents, said Peggy Freeman, treasurer for the condominium complex's board of managers. "The list goes on and on," she said. "The spirit of the community has been overwhelming." The Oct. 14 fire destroyed 12 homes and damaged 32 others on Sierra Vista Lane. It took more than 75 firefighters to put out the blaze, which also obliterated any indication of what caused it. Freeman said offers of help came immediately, with one stranger at the scene donating $40 to buy food for the residents.
Mississippi Gulf Coast residents can now save a few thousand dollars on quick-built houses under a tax break swiftly approved by lawmakers and Gov. Haley Barbour on Thursday. In a special session that lasted less than two hours, both the House and Senate agreed on legislation that trims sales tax on modular houses from 7 percent to 3 percent, hoping to boost reconstruction in south Mississippi. Barbour signed Senate Bill 2001 into law shortly after 4 p.m. when legislative staff rushed paperwork to his office. "Hallelujah!" said Mack Harper, an Ocean Springs resident who is helping his mother buy a modular home. "I was wondering if they ever would see eye to eye." His mother, Peggy, lost her Gulfport home in Hurricane Katrina's floodwaters last year. He expects to save $6,000 on the three-bedroom, two-bath house.
A quarter of all housing in Immokalee is considered substandard. Sloping floors, broken windows and leaking roofs are common in many rental units. It won't get fixed overnight. So say Collier County and state officials who spent this summer weeding out some of the worst units before farmworkers flood the eastern Collier County town for the harvest season. Elected leaders hoped to remove the housing stock while units were empty. County commissioners set aside $75,000 to hire four more state health inspectors in May. State inspectors shut down nearly 500 beds in about 240 units in Immokalee, including a longtime flophouse, from July through September. Code enforcement efforts led to 25 structures being demolished, county officials said. “I think we can make a difference and do it well but it needs to be steady and ongoing," said Nancy Frees, head of the health department in Immokalee who has been working in the town 25 years.
An argument late Monday at a Catoosa County mobile home park left one man dead and his neighbor was arrested on a murder charge, according to Sheriff Phil Summers.
He said it was the countys second murder this year.
In a prepared statement, Sheriff Summers said Catoosa County 911 Center got a call about 11:30 p.m. Monday reporting a shooting on 324 Trace Lane at Village Green mobile home park. When emergency services arrived, they found the body of James Meyer, 31, of 361 Trace Lane, lying in the yard.
He had gunshot wounds, police said, and was pronounced dead at the scene.
Sheriff Summers said the preliminary investigation indicated the dead man and Leonard Steven Waller, 54, of 324 Trace Lane, had been drinking and began to argue after Mr.
With more than 20 years of success in the remodeling and contracting industries in the Odessa and Midland, Texas, markets, well known entrepreneur Jim Sparr makes his most aggressive move yet--partnering with market leader Slide-Lok to establish Slide-Lok of San Antonio. The San Antonio-based company becomes the latest in a string of U.S. and Canadian garage storage Master Dealerships bearing the Slide-Lok name and featuring the market leaders products. Texas currently tops the 2006 state rankings as the leader in new home building, while San Antonio, the 17th ranked MSA for home building is in the top 5 percentof all US MSAs. The new Slide-Lok of San Antonio Master Dealership will serve the growing San Antonio metro area by selling and installing the leading solution in space saving, modular, adaptable garage storage systemsSlide-Lok.
There certainly is the possibility that terrorists could take advantage of the United States' porous borders to enter the country. But, for the most part, the people who slip over the borders illegally are simply looking for work. That's also true of people who enter legally and then overstay their visas; they just want to work. The economic incentive behind illegal immigration has never been a secret. But a new report by the Inter-American Development Bank puts numbers behind assumptions. Surveys were conducted in New York, Los Angeles and Miami; legal and illegal immigrants were included in the surveys. The results? Latin Americans working in the United States will send $45 billion home this year, a 12 percent increase over 2005. Mexico received the largest amount last year, $20 billion.
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