By Ben Rooney, staff reporterOctober 5, 2010: 6:32 PM ET
NEW YORK (CNNMoney.com) -- Pressure is mounting on U.S. banks to halt more foreclosures amid widespread allegations that loan servicers failed to verify legal documents in what could be hundreds of thousands of cases.
Members of Congress from California wrote to the heads of the Justice Department, the Federal Reserve, and the Comptroller of the Currency on Tuesday, requesting that they investigate the foreclosure processes of banks under their purview for "possible violations of law or regulations."
In Texas, the Attorney General's office sent "suspension notices" to 30 loan servicers in the state, asking them to halt foreclosures until they have completed a review of their procedures. The Attorney General in Massachusetts also urged financial institutions in the state to put a hold on all foreclosures.
The moves come after Ally Financial, JPMorgan (JPM, Fortune 500) and Bank of America (BAC, Fortune 500) all announced plans last week to freeze foreclosures in the 23 U.S. states where they must be approved by the courts.
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Showing posts with label investing in the community. Show all posts
Showing posts with label investing in the community. Show all posts
Thursday, October 7, 2010
Tuesday, September 7, 2010
Renovation of Historic Howard Theatre Contributes More to Shaw Neighborhood
Howard Theatre: History in the Making - Again
Restoration of the historic theater is set to begin
By MARK STEPHENS
Listen closely and you can still hear the near-perfect voice of Ella Fitzgerald echo in the halls.
The keystrokes of Duke Ellington's piano resonate in the rubble.
A look out from the stage reveals the faces in the crowd -- some young, some old and almost all brown.
One hundred years ago, The Howard Theatre opened in D.C.'s Shaw neighborhood, becoming the first full-sized threater built for black audiences. It attracted the best in black talent.
"You know them," said D.C. Delegate Eleanor Holmes Norton. "Ella Fitzgerald, Billy Eckstine, Shirley Horne, Redd Foxx himself, even Moms Mabley. Such talent could not be suppressed. It had to find a home. That home was The Howard."
The historic theater flourished until the late 1960's, but because of desegregation and the 1968 riots, The Howard's attendance began to decline. It closed its doors in 1970, was reopened in 1975, then closed again just weeks later. It was only used sprodically through the early-1980s and sat shuttered and in a state of disrepair for years afterwards. CLICK HERE FOR FULL ARTICLE
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