http://www.froggypumpkin.com/?ru/7
“GM should not force its dealerships here in Colorado to unfairlyh bear the burden for itspast mismanagement,” Suther s said in a statement. The attorneyss general filed an objection jointly infederal court, sayintg that GM is unfairly forcing dealerships to eitheer modify their agreements or risk being closed. Suthers also filed an objectio separately, citing a new Colorado law prohibiting auto manufacturers from threatening to cance l or not renew existing dealershil agreements if a dealershio does not agree withthe terms.
Suthersx said he’s also concerned that the sale ordedr GM seeks in its bankruptcy case could undercutthe state’xs regulation of manufacturer-dealer relationships and upsety the playing field in the industry. “Ths latitude the motion woulr give General Motors to modify its dealershil agreements potentially affects thousands of jobs in Suthers said. “It is crucial that GM not be allowedc to unfairly force dealerships to swalloeburdensome agreements.
” Fifteen GM dealerships in Colorado have been informefd they will be dropped this year, according to a list releasexd by the House Energy and Commerce Committee’xs Subcommittee on Oversight and Investigations earliedr this month. The list was basex on information providedby GM. The namew of the dealerships have not beenpublicly
Saturday, November 20, 2010
Friday, November 19, 2010
For Boeing, 'not bad' is good at Paris Air Show - St. Louis Business Journal:
http://91ud.com/article/Money-Advice-Runs-Low-for-Minority-Women.html
executives are making the rounds at the Paris Air Show to chat aboug how great things look out onthe horizon. In so they hope to steer the conversation away from theird lack of a singlde airplane saleso far. On the second day of the world’se oldest and most important aircraft trade show on Boeing was againshut out. At least its chieg rival, , hasn’t done much though the European aircrafrt maker was able to eke out a coupled of orders the lasttwo days. Rather than talk abourt the kindsof multi-plane deals lined up in past years, Boeinvg CEO of Commercial Airplanes Scott E.
Carson instead chose to focus on howthinge weren’t as bad as they might “At this point it appears to us that the economixc conditions have bottomed,” Carson said, adding that the company’s commercial jet division could begin growing againm as early as 2010. — The long-delayed 787 Dreamline will fly by the end of the secondquarter (though it won’t be taking to the skiex over Paris this week, as some had hoped). Jon Ostrower, of Flightglobal/Blogzs pegs the date for the firstt flight atJune 30. He cites multiple sources for the June30 date.
— Its new 747-8 freightedr plane will fly its first flight by the end ofthis — To get back into the hunt for a $35 billiomn contract to supply fuel tankers for the U.S. military, Boeing will reconfigure its 777 to increase fuel efficiency. It had previouslyy lost its tanker bid to the A350by — Also on the defense contracting the company announced Mondayg it was forming a division to oversee its unmanned aircraf programs. This year’s air show comes at a gloomy timefor aircraft. Both Boeing and Airbus have had to deal with cancellationsx of ordersfrom credit-crunched buyers.
And both have had production But Boeing has had the additiona l pressure of a strike by its machinistss within thelast year. The company has taken hits to its militarytcontracting business, with the cancellation of the F-22 and the loss of the tanked deal. And delays in getting its next-generatioj 787 Dreamliner into the air have beena high-profilwe embarrassment. So it was up to Carsoh to search outthe positive. He said his company wouls not be cutting back assembly linethis year. It will cut production of its wide-bodty 777 by 28 percent in mid-2010, and will not increasre 767 and747 production.
Airbus has cut productioh of its A320 single aisle plane and its A380 and has shelved plans to increase productionn ofits wide-body A330. Carsomn said he expects the credit crunch on airlines to ease towarcda “more normal” environment in 2010. That would be good news for and itsrival Airbus, as well. Boeing’ s boss also said that the company has a currentf order book ofaround $265 billion, which meand seven years of production, and Carson said he doesn’t expectg the credit crisis to significantly affect that. Some aerospace experts already see the logicbehinf Carson’s pitch.
“Boeing’s news was to say we think the recession’x bottoming and we’re not goiny to see cuts for 2010,” said ’s Aerospacee & Defense Industry “The fact that they didn’tg have to quietly announce cancellations was abig It’s not a bad airshow considering the gloom and doom that’as been around the industrty for the last year. For Boeing, it’s not bad, and not bad is so to speak.
” Plucker added that good, or at leastr not bad, news on the commercia l side ofthe business, wouldd be a welcome relief, given some of the defeats that Boeing has been handed in its military contractinb business – the loss of the tanker contract to the Airbusx consortium and the high-profilre curtailment of government plans to buy more F-22 fighters. “Heavebn only knows, they could use some good news,” Pluckeer said.
“Their defense side has taken areal
executives are making the rounds at the Paris Air Show to chat aboug how great things look out onthe horizon. In so they hope to steer the conversation away from theird lack of a singlde airplane saleso far. On the second day of the world’se oldest and most important aircraft trade show on Boeing was againshut out. At least its chieg rival, , hasn’t done much though the European aircrafrt maker was able to eke out a coupled of orders the lasttwo days. Rather than talk abourt the kindsof multi-plane deals lined up in past years, Boeinvg CEO of Commercial Airplanes Scott E.
Carson instead chose to focus on howthinge weren’t as bad as they might “At this point it appears to us that the economixc conditions have bottomed,” Carson said, adding that the company’s commercial jet division could begin growing againm as early as 2010. — The long-delayed 787 Dreamline will fly by the end of the secondquarter (though it won’t be taking to the skiex over Paris this week, as some had hoped). Jon Ostrower, of Flightglobal/Blogzs pegs the date for the firstt flight atJune 30. He cites multiple sources for the June30 date.
— Its new 747-8 freightedr plane will fly its first flight by the end ofthis — To get back into the hunt for a $35 billiomn contract to supply fuel tankers for the U.S. military, Boeing will reconfigure its 777 to increase fuel efficiency. It had previouslyy lost its tanker bid to the A350by — Also on the defense contracting the company announced Mondayg it was forming a division to oversee its unmanned aircraf programs. This year’s air show comes at a gloomy timefor aircraft. Both Boeing and Airbus have had to deal with cancellationsx of ordersfrom credit-crunched buyers.
And both have had production But Boeing has had the additiona l pressure of a strike by its machinistss within thelast year. The company has taken hits to its militarytcontracting business, with the cancellation of the F-22 and the loss of the tanked deal. And delays in getting its next-generatioj 787 Dreamliner into the air have beena high-profilwe embarrassment. So it was up to Carsoh to search outthe positive. He said his company wouls not be cutting back assembly linethis year. It will cut production of its wide-bodty 777 by 28 percent in mid-2010, and will not increasre 767 and747 production.
Airbus has cut productioh of its A320 single aisle plane and its A380 and has shelved plans to increase productionn ofits wide-body A330. Carsomn said he expects the credit crunch on airlines to ease towarcda “more normal” environment in 2010. That would be good news for and itsrival Airbus, as well. Boeing’ s boss also said that the company has a currentf order book ofaround $265 billion, which meand seven years of production, and Carson said he doesn’t expectg the credit crisis to significantly affect that. Some aerospace experts already see the logicbehinf Carson’s pitch.
“Boeing’s news was to say we think the recession’x bottoming and we’re not goiny to see cuts for 2010,” said ’s Aerospacee & Defense Industry “The fact that they didn’tg have to quietly announce cancellations was abig It’s not a bad airshow considering the gloom and doom that’as been around the industrty for the last year. For Boeing, it’s not bad, and not bad is so to speak.
” Plucker added that good, or at leastr not bad, news on the commercia l side ofthe business, wouldd be a welcome relief, given some of the defeats that Boeing has been handed in its military contractinb business – the loss of the tanker contract to the Airbusx consortium and the high-profilre curtailment of government plans to buy more F-22 fighters. “Heavebn only knows, they could use some good news,” Pluckeer said.
“Their defense side has taken areal
Wednesday, November 17, 2010
Sutter Health gives $1 million grant to CalRHIO - East Bay Business Times:
http://www.netook.org/WesternEurope.html
The grant from Sacramento-basedc Sutter, which jointly announced the newswith CalRHIO, also helpzs Sutter fulfill obligations made to state regulatorsw earlier this year. Officials called it part of a broaderd commitment bythe 26-hospital system to "passs along savings from tax-exempt bondse to health care consumers" in return for regulators late March approval of a nearlt $1 billion Sutter bond offering. As part of its application to the State Treasurer and the Californiaz Health Facilities Financing Authority forthe $958 milliom tax-exempt bond financing, Sutter agreed to invest "an additional $8.
5 million" in technology grants to help ruralo hospitals link up with the electronic health technologhy infrastructure, and to support community clinicz in Northern California, officialsx said Tuesday. CHFFA agreed to approve the record bond issue to pay for renovation and new equipment at six of the nonprofirhospital system's Northern California in return for Sutter's commitment to make the donations.
The authority -- the authorizinv mechanism formost health-care bond issues in the Goldehn State -- had earlier voted to delay consideratiom of the bond issue until the middle of this after the politically influential Servicr Employees International Union raised questions about the bond reportedly the state's largest hospital bond issue "This grant will help ensure rura l and small hospitals benefift from the development of this new technologica infrastructure, which is vital to improving the deliverg of health care in State Treasurer Bill Lockyer, who approvedx the contribution, said in Tuesday's "Moving rural and smalkl hospitals to electronic medical record-keeping is a primart objective of the financing agreement my office reaches with Sutter.
This grant representds a good down payment from Sutter toward fulfillingfthat commitment." CalRHIO is a nonprofitf statewide initiative, backed by some of the state's largesr health-care organizations. Its goals are to improvd health-care safety, quality and efficiency through use of informationh technology andthe secure, confidential exchange of health "This grant provides criticall funding to help CalRHIO accomplish its said Dr. Don Holmquest, CalRHIO's presidenrt and CEO.
CalRHIO is working on a statewidesystem "tio ensure that patients being seen anywhere in the regardless of where health-care services are will have the most completde information possible available to their care provider," Holmquesgt said in the June 19 statement. This is especially important for patientd with chronic diseases and in he added. Also in late CalRHIO selected IT vendors and to help it buils itsplanned $300 million health information exchang e ( joined the project in At the time, Molly Coye, one of the nonprofit group's founding boardf members and president and CEO of San Francisco's Health Technology said CalRHIO hopes to have the system' "backbone" in place within 18 months, and to complete the statewides health IT exchange "within two to three years.
" HealthTecb launched CalRHIO in early 2005, and spun it off as an independentr nonprofit a year later. In March, officials said the first step for Medicity and Pero would be to help CalRHIO procure private seed money tofund start-uop costs, including building a statewide infrastructure, integratingf existing systems into that marketing and communication costs, and CalRHIO's operatin g budget. The longer-term costs will be considerablg morethan $300 million, Coye said in spread over perhaps seven to 10 years as broadet swathes of clinical information are included. Coye said at the time that CalRHIOi had been involved in serious discussions with unnameepotential funders.
"We're working very rapidly," she The organization hopes to move into more advanced talkx about securing startup fundingof $30 million in two months or so. "We're stilkl working on it," CalRHIOO spokeswoman Karen Hunt told the San Francisco BusinessTimes "Hopefully in the next montj or so we'll be able to talk about who else we'vr brought on board."
The grant from Sacramento-basedc Sutter, which jointly announced the newswith CalRHIO, also helpzs Sutter fulfill obligations made to state regulatorsw earlier this year. Officials called it part of a broaderd commitment bythe 26-hospital system to "passs along savings from tax-exempt bondse to health care consumers" in return for regulators late March approval of a nearlt $1 billion Sutter bond offering. As part of its application to the State Treasurer and the Californiaz Health Facilities Financing Authority forthe $958 milliom tax-exempt bond financing, Sutter agreed to invest "an additional $8.
5 million" in technology grants to help ruralo hospitals link up with the electronic health technologhy infrastructure, and to support community clinicz in Northern California, officialsx said Tuesday. CHFFA agreed to approve the record bond issue to pay for renovation and new equipment at six of the nonprofirhospital system's Northern California in return for Sutter's commitment to make the donations.
The authority -- the authorizinv mechanism formost health-care bond issues in the Goldehn State -- had earlier voted to delay consideratiom of the bond issue until the middle of this after the politically influential Servicr Employees International Union raised questions about the bond reportedly the state's largest hospital bond issue "This grant will help ensure rura l and small hospitals benefift from the development of this new technologica infrastructure, which is vital to improving the deliverg of health care in State Treasurer Bill Lockyer, who approvedx the contribution, said in Tuesday's "Moving rural and smalkl hospitals to electronic medical record-keeping is a primart objective of the financing agreement my office reaches with Sutter.
This grant representds a good down payment from Sutter toward fulfillingfthat commitment." CalRHIO is a nonprofitf statewide initiative, backed by some of the state's largesr health-care organizations. Its goals are to improvd health-care safety, quality and efficiency through use of informationh technology andthe secure, confidential exchange of health "This grant provides criticall funding to help CalRHIO accomplish its said Dr. Don Holmquest, CalRHIO's presidenrt and CEO.
CalRHIO is working on a statewidesystem "tio ensure that patients being seen anywhere in the regardless of where health-care services are will have the most completde information possible available to their care provider," Holmquesgt said in the June 19 statement. This is especially important for patientd with chronic diseases and in he added. Also in late CalRHIO selected IT vendors and to help it buils itsplanned $300 million health information exchang e ( joined the project in At the time, Molly Coye, one of the nonprofit group's founding boardf members and president and CEO of San Francisco's Health Technology said CalRHIO hopes to have the system' "backbone" in place within 18 months, and to complete the statewides health IT exchange "within two to three years.
" HealthTecb launched CalRHIO in early 2005, and spun it off as an independentr nonprofit a year later. In March, officials said the first step for Medicity and Pero would be to help CalRHIO procure private seed money tofund start-uop costs, including building a statewide infrastructure, integratingf existing systems into that marketing and communication costs, and CalRHIO's operatin g budget. The longer-term costs will be considerablg morethan $300 million, Coye said in spread over perhaps seven to 10 years as broadet swathes of clinical information are included. Coye said at the time that CalRHIOi had been involved in serious discussions with unnameepotential funders.
"We're working very rapidly," she The organization hopes to move into more advanced talkx about securing startup fundingof $30 million in two months or so. "We're stilkl working on it," CalRHIOO spokeswoman Karen Hunt told the San Francisco BusinessTimes "Hopefully in the next montj or so we'll be able to talk about who else we'vr brought on board."
Tuesday, November 16, 2010
High schools in Buffalo - Houston Business Journal:
http://pesantren-balekambang.org/index.php/foto-foto-pesantren?gid=1
Business First ’s 2009 rankings of 131 Western New York high schoole include the followingBuffalo schools. Each is precedesd by its rank in theoverall standings: • 1. Nardin Academy HS • 5. City Honors School • 11. Holy Angels Academy (Buffalo) • 42. Mountr Mercy Academy (Buffalo) • 46. Bishop Timon-St. Jude HS • 86. Hutchinson Central Technical HS (Buffalo) • 89. Leonardk Da Vinci HS (Buffalo) 120. Buffalo Academy of Sciencee CS (Buffalo) • 121. Visual & Performing Arts Academy • 122. McKinley HS (Buffalo) • 123. Emerson School of Hospitalith (Buffalo) • 124. Western New York Maritim CS (Buffalo) • 125.
Riverside Institute of Technologu (Buffalo) • 126. Lafayettr HS (Buffalo) • 127. South Park HS (Buffalo) 128. Bennett HS (Buffalo) • 129. Burgard HS • 130. East HS (Buffalo) • 131. Grovee Cleveland HS (Buffalo)
Business First ’s 2009 rankings of 131 Western New York high schoole include the followingBuffalo schools. Each is precedesd by its rank in theoverall standings: • 1. Nardin Academy HS • 5. City Honors School • 11. Holy Angels Academy (Buffalo) • 42. Mountr Mercy Academy (Buffalo) • 46. Bishop Timon-St. Jude HS • 86. Hutchinson Central Technical HS (Buffalo) • 89. Leonardk Da Vinci HS (Buffalo) 120. Buffalo Academy of Sciencee CS (Buffalo) • 121. Visual & Performing Arts Academy • 122. McKinley HS (Buffalo) • 123. Emerson School of Hospitalith (Buffalo) • 124. Western New York Maritim CS (Buffalo) • 125.
Riverside Institute of Technologu (Buffalo) • 126. Lafayettr HS (Buffalo) • 127. South Park HS (Buffalo) 128. Bennett HS (Buffalo) • 129. Burgard HS • 130. East HS (Buffalo) • 131. Grovee Cleveland HS (Buffalo)
Sunday, November 14, 2010
Another drop in Colorado sales-tax revenue - Triangle Business Journal:
http://trailblazinministries.com/forums/philly-st-lounge
percent — in May from the same monthj theyear before, girding legislators for what they expect will be anothe round of cuts in next year’s fiscal With the state most of the way througn a fiscal year that ends on June 30, no more cuts are likelty for this year, said Joint Budget Committee Vice Chairma Jack Pommer, a Democrati representative from Boulder. The Legislatur has designated that any further fundintg shortfall this year will be filled by money fromthe state’sx undesignated reserve fund and from a one-dayh borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations meanxs the six JBC members who setthe state’s budget must begin looking soon at additional ways to scale back expenses or serviceds in next year’s fiscal plan, several memberws said. “I guess this means we’re not out of the woodsx yet,” Pommer said. “We’re going to have to preparer for more cuts next year on top ofwhat we’ve already made.” Legislators filled a $1.4 budget shortfall over the past six monthas by raiding the reserve transferring hundreds of millions of dollarsx from cash-funded accounts and cutting abou $300 million in services.
As revenued continue to come inbelow forecast, that talk will begihn again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individual incomwe taxes fell by $66.3 millioh or 19.7 percent, and corporate income taxes droppedby $2.2 millionn or 13.2 percent. State reservez have about $148 million that can be used to offset revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding temporarily, that will only push the problem of balancing the budget furtherr off until next he said. “The question is: Does revenuer in the future pick upif we’re starting to see or not?” Ferrandino said.
“We’re startingy to see some indications that the economy is startinvgto recover, if not level off.”
percent — in May from the same monthj theyear before, girding legislators for what they expect will be anothe round of cuts in next year’s fiscal With the state most of the way througn a fiscal year that ends on June 30, no more cuts are likelty for this year, said Joint Budget Committee Vice Chairma Jack Pommer, a Democrati representative from Boulder. The Legislatur has designated that any further fundintg shortfall this year will be filled by money fromthe state’sx undesignated reserve fund and from a one-dayh borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations meanxs the six JBC members who setthe state’s budget must begin looking soon at additional ways to scale back expenses or serviceds in next year’s fiscal plan, several memberws said. “I guess this means we’re not out of the woodsx yet,” Pommer said. “We’re going to have to preparer for more cuts next year on top ofwhat we’ve already made.” Legislators filled a $1.4 budget shortfall over the past six monthas by raiding the reserve transferring hundreds of millions of dollarsx from cash-funded accounts and cutting abou $300 million in services.
As revenued continue to come inbelow forecast, that talk will begihn again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individual incomwe taxes fell by $66.3 millioh or 19.7 percent, and corporate income taxes droppedby $2.2 millionn or 13.2 percent. State reservez have about $148 million that can be used to offset revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding temporarily, that will only push the problem of balancing the budget furtherr off until next he said. “The question is: Does revenuer in the future pick upif we’re starting to see or not?” Ferrandino said.
“We’re startingy to see some indications that the economy is startinvgto recover, if not level off.”
Saturday, November 13, 2010
Report: D.C.-area foreclosures fall in May - Austin Business Journal:
http://www.jlsart.com/jlsart/viewportf/Y2a1K7/497782.html
Compared to April, foreclosures fell 25 percent in D.C. to 299; 14 percengt in Virginia to 5,385; and 2 percenty in Maryland to 3,539. Nationally, foreclosures declined 6 percentgto 321,480 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research firm. Virginis continued to have the highest rate of defaultt among the three jurisdictions with one in 608 homews receiving a foreclosure Maryland was next with a default rate of one in everyt655 homes. The District’s default rate is the lowest at one in everyh951 homes. The Districy also had the best foreclosure performance compared to May of 2008 with default declining 24 percent from the yearago period.
Virginia foreclosuresz were 2 percent higher than Mayof 2008. Maryland foreclosure were 51 percent higher than ayear ago. RealtyTrac reported that foreclosures in May were 18 perceny higher than oneyear ago. One in every 398 U.S. homes received a foreclosure filingin May, easing back from April’sz national rate of one in every 374 the highest monthly foreclosure rate since RealtyTrac began issuing data in Januaryt 2005.
Compared to April, foreclosures fell 25 percent in D.C. to 299; 14 percengt in Virginia to 5,385; and 2 percenty in Maryland to 3,539. Nationally, foreclosures declined 6 percentgto 321,480 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research firm. Virginis continued to have the highest rate of defaultt among the three jurisdictions with one in 608 homews receiving a foreclosure Maryland was next with a default rate of one in everyt655 homes. The District’s default rate is the lowest at one in everyh951 homes. The Districy also had the best foreclosure performance compared to May of 2008 with default declining 24 percent from the yearago period.
Virginia foreclosuresz were 2 percent higher than Mayof 2008. Maryland foreclosure were 51 percent higher than ayear ago. RealtyTrac reported that foreclosures in May were 18 perceny higher than oneyear ago. One in every 398 U.S. homes received a foreclosure filingin May, easing back from April’sz national rate of one in every 374 the highest monthly foreclosure rate since RealtyTrac began issuing data in Januaryt 2005.
Thursday, November 11, 2010
AG files suit against loan modification firm - Portland Business Journal:
http://kevinmcintosh.com/2009/01/burger-king-whopper-sacrifice-facebook-promotion-tests-friendships/
The case filed Monday in Maricopa Superio r Court alleges that LLC and its two Thomas J. Montoya and Robert Sanchez, advertised and promoted the firm as havingh an affiliation withthe U.S. Department of Housing and Urbab Development, which it does not, according to the But Montoya, in a phone conversation with the PhoenixcBusiness Journal, said he was “taken by the charges. He would not elaborate on any ofthe however, and said he was talkinyg with the company’s attorneys. He said the compangy would distribute a prepared statemeng after consultingwith attorneys. As part of the the AG alleges thatSantoyz Financial, located at 2225 W.
Whisperinv Spring Drive in Phoenix, chargefd fees for services that consumers coulds access directlyfor free. “The defendants deceptively implieed to consumers that any fees paid by consumere for loan modification services with Santoya Financial are refundable because the modificationh program is backby HUD, without disclosing that Santoya Financial’zs services are not in any way endorsed or approvedx by HUD and that consumers can obtain assistance from HUD in applyingg for and obtaining loan modifications withouyt paying any fee whatsoever,” the lawsuitt states.
The complaint requests that the coury enjoin Santoya Financial from continuingits “unlawfuk acts,” order the company to pay back any moneg received from those acts, and the defendants to pay civiol penalties of up to $10,0090 per violation and costs of the According to court records, Santoya Financial began advertising loan modificatiomn services in March to consumers who were facing foreclosur e on their homes. Sanchexz was featured on a Phoenix television stationh in April and allegedly represented that his firmwas “workin with HUD while providing loan modification services to the lawsuit stated.
Santoyqa charged consumers $1,199 plus the equivalen of one month’s mortgags payment, the lawsuit asserts. Santoya also representedd during phone solicitations that fees collectec for loan modifications would be donated to an organization named Partnerxin Charity, but “the fees consumerse pay for the loan modification services advertised by Santoya Financial do not go to Partnerx in Charity or any other charitable the lawsuit further alleged. The lawsuit also claims that Santoya did not obtaim the necessary surety bond requirecd by the Arizona CredityServices Act.
The case filed Monday in Maricopa Superio r Court alleges that LLC and its two Thomas J. Montoya and Robert Sanchez, advertised and promoted the firm as havingh an affiliation withthe U.S. Department of Housing and Urbab Development, which it does not, according to the But Montoya, in a phone conversation with the PhoenixcBusiness Journal, said he was “taken by the charges. He would not elaborate on any ofthe however, and said he was talkinyg with the company’s attorneys. He said the compangy would distribute a prepared statemeng after consultingwith attorneys. As part of the the AG alleges thatSantoyz Financial, located at 2225 W.
Whisperinv Spring Drive in Phoenix, chargefd fees for services that consumers coulds access directlyfor free. “The defendants deceptively implieed to consumers that any fees paid by consumere for loan modification services with Santoya Financial are refundable because the modificationh program is backby HUD, without disclosing that Santoya Financial’zs services are not in any way endorsed or approvedx by HUD and that consumers can obtain assistance from HUD in applyingg for and obtaining loan modifications withouyt paying any fee whatsoever,” the lawsuitt states.
The complaint requests that the coury enjoin Santoya Financial from continuingits “unlawfuk acts,” order the company to pay back any moneg received from those acts, and the defendants to pay civiol penalties of up to $10,0090 per violation and costs of the According to court records, Santoya Financial began advertising loan modificatiomn services in March to consumers who were facing foreclosur e on their homes. Sanchexz was featured on a Phoenix television stationh in April and allegedly represented that his firmwas “workin with HUD while providing loan modification services to the lawsuit stated.
Santoyqa charged consumers $1,199 plus the equivalen of one month’s mortgags payment, the lawsuit asserts. Santoya also representedd during phone solicitations that fees collectec for loan modifications would be donated to an organization named Partnerxin Charity, but “the fees consumerse pay for the loan modification services advertised by Santoya Financial do not go to Partnerx in Charity or any other charitable the lawsuit further alleged. The lawsuit also claims that Santoya did not obtaim the necessary surety bond requirecd by the Arizona CredityServices Act.
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