Financial disclosure summaries for key lawmakers
Summaries of the 2010 financial disclosure reports released Wednesday for House and Senate leaders, new Republican House committee chairmen, new Democratic Senate committee chairmen and presidential candidates.
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House Speaker John Boehner, R-Ohio
Earned income: $193,400. Boehner was House minority leader in 2010
Honoraria, all donated to charity: None
Major assets: Franklin Templeton Mutual Global Discovery fund, $100,001-$250,000; Henderson Global Investors International Fund, $100,001-$250,000; Harbor International Fund IRA, $100,001-$250,000; UBS Liquid Assets Fund IRA, $100,001-$250,000; 12 investments valued from $50,001-$100,000, including a Congressional Credit Union account, a state of Ohio public employees' pension plan, and various funds and IRAs.
Major sources of unearned income: Davis New York Venture Fund dividends/capital gains, $15,001-$50,000; American Funds' Growth Fund of America, dividends/capital gains, $15,001-$50,000.
Major liabilities: None.
Gifts: None.
Narrative: Boehner reported 121 transactions in which he bought or sold investments. The largest were a sale of shares of American Funds' Growth Fund of America for $50,001-$100,000; purchase of shares in the Franklin Templeton Mutual Global Discovery Fund for $50,001-$100,000; and sale of shares in Vanguard's Selected Value Fund for $50,001-$100,000. He took a two-day trip to Palm Beach, Fla., in March 2010, sponsored by the conservative Club for Growth; the value of the trip was not disclosed.
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Rep. Eric Cantor, R-Va., House Majority Leader
Earned income: $174,000
Honoraria, all donated to charity: None.
Major assets: Arlington, Va., real estate, $500.001-$1 million; Loan to Richmond Resources Hickory Park, LLC for commercial real estate, $500,001-$1 million; loan to Richmond Resources Ltd for real estate development, $250,001 to $500,000; Water Tower Associates LLC stock, $250,001-$500,000; Band of America accounts, $250,000-$500,000; Media General deferred compensation stock, $250,001-$500,000.
Major sources of unearned income: Rent from the Arlington property of $15,001-$50,000; Interest from the Virginia Credit Union accounts of $2,501-$5,000; Weyerhauser Company stock dividends, $2,501-$5,000
Major liabilities: Bank of America mortgage on Arlington real estate, $250,001-$500,000
Gifts: None
Narrative: Cantor's wife, Diana, earned undisclosed salary from Alternative Investment Management, LLC and fees as a director or trustee for Media General, Inc., Domino's Pizza, Inc., and the Virginia Retirement System.
Credit Equity Home Line Mutual Washington - News
$5 million-$25 million Major sources of unearned income: Dividends and interest from family trusts, $100000-$1 million Major liabilities: Home equity credit line, between $15001 and $50000 Gifts: None Narrative: Upton, a Whirlpool appliance heir,
Though home prices are down sharply and interest rates are low, there`s no temptation to buy. LISA HANOCK-JASIE, RENTER: We are in our 50s now. We need to save our equity. The real estate market we are not sure of. MILLER: For others, home ownership is
Reducing the debt-equity ratio to make the company look more credit worthy is another prominent motive, the prime mover for off-balance sheet financing schemes. Other motives include reducing interim regulatory capital balances to conform to month end
These projects are financed by Chinese state-owned firms, private enterprises and individuals and involve sole proprietorship, joint-venture ownership, “equity participation, merger and acquisition, and joint-venture cooperation with third-country
A dangerous run on money market mutual funds was halted by guarantee and liquidity programs set up by Treasury and the Federal Reserve. Congress enacted a major stimulus plan to keep the economy from cratering. Yet stabilizing the financial sector did
BankUnited to Help Borrowers Out of Option Arms « refinance home ...
Struggling mortgage lender BankUnited today announced a plan to help thousands of borrowers ditch their option arms and refinance into more secure loan programs.
The so-called “Mortgage Assistance Program” will allow borrowers to refinance without worrying about prepayment penalties, regardless of where they find their next mortgage.
Additionally, the company is offering “minimal” loan modification fees and says it will reach out to customers through multiple outreach channels to get borrowers in more affordable mortgages.
“This is one of the most sweeping, broad-based programs of its kind,” said Ramiro Ortiz, BankUnited’s president and chief operating officer, in a release. “This program will literally provide people with a map (MAP) to find their way back into a more financially stable environment for their home mortgages.”
The company said it plans to refinance thousands of option arm customers over the next six months, with the bulk located in hard-hit Florida.
Just over a month ago, Wachovia announced a similar offer to their option arm customers, pledging to scrap prepayment penalties as the company phased out the program entirely.
Countrywide and Washington Mutual also scrapped the infamous loan program after rising delinquencies ravaged both banks.
Shares of BankUnited closed up 16 cents, or 12.40%, to $1.45 in trading Friday on Wall Street, but remain far below their 52-week high of $19.69.
Credit Equity Home Line Mutual Washington - Bookshelf
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Official site of Washington Mutual bank. Learn about account and loan choices such as checking, savings, and home equity. Manage your account online and find branches and ATMs near you. Explore the diversified line of banking products and services for consumers and businesses at WaMu.
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