Quick Bits: Foreclosures and Fantastic Moments in History
Banks Halt Foreclosures
It has been on the news everywhere. These past two years have been some of the toughest on our economy in years – the hardest hit being home owners.
Today 23 states still rely on foreclosures being signed off on by a judge.
This past Friday Bank of America announced that it will suspend foreclosures in all 50 States – this is following their previous announcement of suspending thousands upon thousands of foreclosures in states still relying on a judges “sign off” of approval.
Other companies also following suit on this practice are GMAC Home Mortgage, Inc., J.P. Mortgage Chase & Co.’s home-loan unit, and a unit of Ally Financial.
read the original article: Wall Street Journal Article about Why Banks are Halting Foreclosures
A Quick Moment in History
You may not know the name and you may not know his story. So take this brief moment to learn a little more about history.
He was born on November 9th 1731 and died on October 25th 1806. He was a Mathematician, astronomer, inventor, and writer. He was also, unmistakably, one of the first Black American intellectuals.
In case you don’t know – his name: Benjamin Banneker.
One of his most attention grabbing creations was a wooden clock that kept exact time. This was in 1761.
read the original article: Benjamin Banneker Biography