Business News: Payments in foreclosure settlements - KYTX CBS 19 Tyler Longview News Weather Sports

Business News: Payments in foreclosure settlements

Posted: Updated:

(CNN) - On Friday, some homeowners and former homeowners will start getting checks in the mail. It's all part of a settlement between the government and 13 mortgage servicers over foreclosure abuses. $3.6 billion dollars will be given out to more than four million borrowers. The payments will range from $300-dollars to $125-thousand dollars.


(CNN) - This year's crop of college graduates will have a tough time finding a job. That's according to a new report by the Economic Policy Institute. 8.8 percent of recent college grads are unemployed, according to Labor Department data. More than 18-percent are underemployed. And, as of last year, 52-percent of college grads under 25 are not working in jobs that require a college degree. The report says the best way to improve the situation for college grads is to improve the overall labor market. The economic policy institute says it is a non-profit, non-partisan think tank.

 


 

(CNN) - Looks like full Saturday mail delivery will continue -- at least for now. The US Postal Service announced Wednesday that it is putting off plans to stop delivering regular mail on Saturdays. The Postmaster General wanted to stop Saturday mail deliveries beginning in August to save the agency $2 billion dollars a year. The Board of Governors of the US Postal Service still wants to make the changes.

  • Local NewsMore>>

  • Web Exclusive: Texas is among hottest job markets

    Web Exclusive: Texas is among hottest job markets

    Monday, September 15 2014 9:42 AM EDT2014-09-15 13:42:30 GMT
    The city you live in could play a major factor in landing that dream gig if you're on the job hunt.  A new survey is suggesting parts of the country expect an increase in the labor force.More >>
    The city you live in could play a major factor in landing that dream gig if you're on the job hunt.  A new survey is suggesting parts of the country expect an increase in the labor force.More >>
  • Kilgore Restore Projects Gain Support

    Kilgore Restore Projects Gain Support

    Monday, September 15 2014 12:05 AM EDT2014-09-15 04:05:28 GMT
    KILGORE (KYTX) - This group of men and women gather around this chipped, scratched, and vandalized sign that welcomes people into Dansby Village to discuss plans to fix it. Abandoned stores around this neighborhood show signs of a once thriving community, and this group is hoping to attract businesses back. Their first project is repairing these entry signs. Founder of RESTORE! Kilgore, LaMont Wheat says making the neighborhood look better is the first step to attracting businesses."Our inten...More >>
    KILGORE (KYTX) - This group of men and women gather around this chipped, scratched, and vandalized sign that welcomes people into Dansby Village to discuss plans to fix it. Abandoned stores around this neighborhood show signs of a once thriving community, and this group is hoping to attract businesses back. Their first project is repairing these entry signs. Founder of RESTORE! Kilgore, LaMont Wheat says making the neighborhood look better is the first step to attracting businesses."Our inten...More >>
  • Tyler woman warning others about scam

    Tyler woman warning others about scam

    Monday, September 15 2014 12:19 PM EDT2014-09-15 16:19:12 GMT
    TYLER (KYTX) - An East Texas woman avoids a scam that she says could have cost her thousands of dollars.More >>
    TYLER (KYTX) - An East Texas woman avoids a scam that she says could have cost her thousands of dollars.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.