U.S. Home Prices Plunge 18 Percent In October
Tuesday, December 30, 2008 (184 reads)
Prices of U.S. single-family homes in October plunged a record 18 percent from a year earlier, according to the Standard & Poor's/Case-Shiller Home Price Indices released on Tuesday that indicated a U.S. housing market in the throes of a deep recession.
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TD Banknorth Hires Two
Monday, December 29, 2008 (391 reads)
TD Banknorth expanded its Hyannis and Groveland branches by adding a business banking officer and branch manager, respectively.
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Fraud Charges Cloud Future Of Mass. Casino Plan
Monday, December 29, 2008 (218 reads)
The fate of a proposed casino in Middleborough is up in the air as town officials and members of the Mashpee Wampanoag Tribal Council grapple with former chairman Glenn Marshall's admissions of fraud.
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Some Cape Towns Want Room Tax Expanded
Monday, December 29, 2008 (186 reads)
Some towns on Cape Cod want to extend the 9.7 percent hotel room tax to private homes and condominiums as a way to raise extra cash during tough financial times.
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Report: Lehman Bankruptcy Filing Wiped Out Billions
Monday, December 29, 2008 (227 reads)
Lehman Brothers Holdings Inc.'s emergency bankruptcy filing wiped out as much as $75 billion of potential value for creditors, The Wall Street Journal reported on Monday, citing an analysis by the bank's restructuring advisers.
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The Long, Slow Journey Toward Recovery
Monday, December 29, 2008 (206 reads)
It may not be evident yet in the ailing economy, but there are signs that the Federal Reserve and its partners abroad have made progress in bringing down borrowing costs, particularly on loans between banks.
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PeoplesBank Files Complaint Against Conn. Bank
Wednesday, December 24, 2008 (360 reads)
Holyoke-based PeoplesBank has filed an Unfair Competition and Trademark Infringement complaint in the U.S. District Court in Springfield against People’s United Bank and the two Massachusetts banks that it owns, Bank of Western Massachusetts and Flagship Bank and Trust, for false advertisement and false designation of origin, infringement of state-registered service mark, and unfair and deceptive practices.
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Methuen Mortgage Broker In Hot Water
Wednesday, December 24, 2008 (289 reads)
Attorney General Martha Coakley’s Office has obtained a preliminary injunction against David Coleman, a Methuen mortgage broker who allegedly preyed upon financially distressed homeowners by representing himself to be an attorney and a bankruptcy expert who offered to file bankruptcy petitions to save consumers’ homes from foreclosure.
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Newburyport Office Property Full Leased
Wednesday, December 24, 2008 (180 reads)
The Offices at Smith Farm, a 10,000-square-foot office property located just off the Newburyport Traffic Circle and Route 1, are now fully leased, according to The Kane Co.
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Mass. Mortgage Rates Continue Downward Spiral
Wednesday, December 24, 2008 (234 reads)
The average 30-year fixed mortgage rate in Massachusetts continued its freefall last week, ending the week at 4.98 percent, compared to 5.14 percent the week prior, according to online mortgage tracker Zillow.
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