Pasadena Water & Power Restores Power in Pasadena

first_img Name (required)  Mail (required) (not be published)  Website  2 recommended0 commentsShareShareTweetSharePin it Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Make a comment HerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyLove Astrology: 12 Types Of Boyfriends Based On Zodiac SignsHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyA Woman Being Deceptive About Her Age Is Nothing New!HerbeautyHerbeauty EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business Newscenter_img Some 740 customers of Pasadena Water & Power experienced power outage Tuesday morning after an unknown animal damaged PWP’s electrical equipment, Pasadena City spokesman William Boyer reported.According to Boyer, PWP customers between Michigan and Mentor avenues north of Colorado Boulevard and south of the Foothill (210) Freeway, lost power at around 10:15 in the morning.However, PWP repair personnel immediately restored power thirty minutes later and finished repairing the damaged equipment by 12:20 p.m.Boyer said an unknown animal damaged a surge arrester that sparked the power outage. Your email address will not be published. Required fields are marked * Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy latest #1 Pasadena Water & Power Restores Power in Pasadena Published on Tuesday, December 18, 2012 | 4:27 pmlast_img read more

Learn more →

Talking Mortgage Reform

first_img April 4, 2019 1,099 Views The Best Markets For Residential Property Investors 2 days ago Previous: Time-Barred Foreclosures and the Statute of Limitations Next: Home Prices Hit New Record Sign up for DS News Daily Talking Mortgage Reform In the annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon stated that the U.S. is in desperate need of mortgage reform. Dimon stated that reform would add to America’s economic growth.“Reducing onerous and unnecessary origination and servicing requirements (there are 3,000 federal and state requirements today) and opening up the securitization markets for safe loans would dramatically improve the cost and availability of mortgages to consumers – particularly the young, the self-employed and those with prior defaults,” said Dimon.“And these would not be subprime mortgages but mortgages that we should be making,” Dimon continued. “By taking this step, our economists believe that homeownership and economic growth would increase by up to 0.2 percent a year.”According to Dimon, it was mortgage laws that led to the Great Recession in 2008, and today, bad mortgage laws are hindering economic growth.“Because there are so many regulators involved in crafting the new rules, coupled with political intervention that isn’t always helpful, it is hard to achieve the much-needed mortgage reform,” said Dimon. “This has become a critical issue and one reason why banks have been moving away from significant parts of the mortgage business. That business, in particular, highlights one of the flaws of our complicated capital allocation regime.”Dimon stresses the importance of mortgage reform. According to Dimon and JPMorgan Chase’s analysis, over “$1 trillion in additional mortgage loans might have been made over a five-year period had we reformed our mortgage system.”Additionally, in his letter, Dimon notes the impact student loans have had on mortgages and household formation.“Irrational student lending, soaring college costs and the burden of student loans have become a significant issue,” said Dimon. “The impact of student debt is now affecting mortgage credit and household formation – a $1,000 increase in student debt reduces subsequent homeownership rates by 1.8 percent. Recent research shows that the burdens of student debt are now starting to affect the economy.”Find Dimon’s complete letter here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post Tagged with: JP Morgan Chase mortgage Recession reformcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn JP Morgan Chase mortgage Recession reform 2019-04-04 Seth Welborn Share Save in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Talking Mortgage Reform The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Learn more →