Unpaid Developer Fees Total $19M in Miami Beach
City officials hope to soon devise a plan that will help recover the money, including presumably out-of-statute debts.
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Tucker, Albin and Associates Inc. earned a spot on the latest Inc. 5000 list published by Inc. magazine. The list honors growing privately held U.S. companies. more »
Credit: Dan Nelken
"I would work for a company making half the commission just to get (the loans) done in a timely manner," said Robert Bram, a managing director and loan officer at Luxury Mortgage Corp.
Compensation, long believed to be the top motivating factor in loan officers' choice of where to hang their licenses, was a runner-up to concerns about professionalism and quality, according to a new survey. more »
The city of El Paso, Texas is reviewing whether to make a zoning change that would limit where payday and auto loan companies can operate. more »
Auto loans are in the midst of a U.S. boom that is coming to "the end of the road," according to Pierre Lapointe, head of global strategy and research at Pavilion Global Markets. more »
Louisiana payday loan industry officials have created the Louisiana Payday Loan Association to help inform consumers and legislators about the accomplishments and goals of the industry. more »
FAST ENOUGH? "If the U.S. hasn't got a real-time system in the next 10 years, I think the Fed will feel as if it's failed," says Gareth Lodge, an analyst at Celent.
After several years of setbacks, the idea of faster payments in the United States finally has genuine momentum. more »
National Bank of Commerce in Birmingham, Ala. has purchased a majority stake in the parent company of a collections and accounts receivable management firm. more »
Wells Fargo Bank plans to lay off 115 call center employees at a facility in Roanoke County, Va. as a result of reductions in delinquencies and foreclosures, according to a spokeswoman. more »
Fannie Mae plans to sell its Washington, D.C., headquarters building within the next three years as it consolidates several office sites into a single location, the mortgage finance company announced Thursday. more »
China Huarong Asset Management is tentatively set to go public later this year. more »
The median price of a residential home sold in July soared from a year ago but there are warning signs. more »
Stoneleigh Recovery Associates, based in Lombard, Ill., has acquired R&B Collections Inc. of Roswell, Ga. in a deal funded through a mix of cash on hand and new debt. more »

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