Originally published on Mon January 30, 2012 11:30 am
While the United States has mostly escaped winter, the opposite has been true in Eastern Europe. The AP reports that an intense freeze has killed at least 36 people throughout eastern Europe. In some places, temperatures dropped to negative 4 degrees Fahrenheit.
Megaupload founder Kim Dotcom at a North Shore court in Auckland. Dotcom was denied bail in New Zealand with a judge saying he was concerned the Internet tycoon's vast wealth meant he could flee the country if released from custody.
Originally published on Mon January 30, 2012 10:41 am
Many of the files stored by the millions of users of the cloud service Megaupload could begin losing their files on Thursday. The AP reports that federal prosecutors said Megaupload paid third parties to store data and now that authorities have freezed Megaupload's accounts, it can no longer pay those providers. The providers said they would begin deleting files as early as Thursday.
Police say the combination of smoke from a brush fire and fog created a deadly environment with near-zero visibility early Saturday morning that caused a huge pileup that left at least 10 dead and 21 hospitalized on Florida's Interstate 75 near Gainesville.
Originally published on Mon January 30, 2012 8:45 am
In December, personal income climbed 0.5 percent, while disposable income rose 0.4 percent. New figures released today from the Commerce Department also show that consumer spending was flat, increasing 0.1 percent from the month before.
While the AP reports that rise in income was the most in nine months, the news is a mixed bag.
Fighting between government forces and army defectors has intensified in the outskirts of Damascus. The Syrian government sent a major deployment of troops to several suburbs and the defectors, who call themselves the Free Syrian Army, retreated.
After a short respite, the Occupy movement had a resurgence this weekend. There was a mass protest in Oakland that extended through Saturday and Sunday and ended with the arrest of more than 400. In New York City, Occupy Wall Street protesters took to the streets last night in solidarity. Twelve were arrested
One of Freddie Mac's restrictions blocks people who have a short sale in their past from refinancing for two to four years following the short sale.
Credit Rich Pedroncelli / AP
In West Palm Beach, Fla., homeowners lined up for the 2010 Neighborhood Assistance Corporation of America "Save the Dream" tour, hoping to restructure their mortgage loans.
Credit Joe Raedle / Getty Images
If Jay and Bonnie Silverstein were able to refinance their mortgage, they could save nearly $500 a month. "We're living paycheck to paycheck," Jay says.
Credit Chris Arnold / NPR
Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.
Credit Pablo Martinez Monsivais / AP
In December, Freddie Mac CEO Charles Haldeman, FHFA acting Director Edward DeMarco and Fannie Mae CEO Michael Williams testified on Capitol Hill about the Federal Housing Finance Agency's performance.
Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.
But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.