Foreclosures Shift as Prime Borrowers Lead Losses
A Money Inside report notes that for the first time borrowers with good credit are the largest group among foreclosures, signaling broad trouble beyond risky mortgages.
29 May 2009
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 29, 2009
Page
1
A Money Inside report notes that for the first time borrowers with good credit are the largest group among foreclosures, signaling broad trouble beyond risky mortgages.
City officials ruled Michelle Rogers's flooded home structurally unsound and ordered its demolition. The house is the first of several unsafe properties in Vinton to be torn down in the coming days.
The Obama administration plans a White House cyber czar to coordinate national computer security efforts. The move aims to unify policy, oversight, and defense against digital threats across agencies.
Dixie Vandersee attends the May 30 dedication for the Johnson County Vietnam Veterans Memorial. The event honors Terry Randall and eight other local servicemen killed in Vietnam, marking a day of remembrance for families who lost loved ones. Randall, born April 16 1948, is cited among the honored veterans.
A dedication ceremony will honor nine Johnson County Vietnam War fallen at the Johnson County Courthouse in Iowa City. The New Horizons Air Force Band from Offutt AFB will perform at 2 p.m. Saturday for veterans families and the public. Names include Fankhauser Randall Gaulacher Shain Bixby Dostal Adams Hammel Hamlin.
Iowa City Council backs constructing a northeast side fire station with an expected 14 month build time and possible rate increases for gas and electric service under a new state law allowing up to 5 percent franchise fees. A 2.6 mile rail cars storage line between North Liberty and Swisher is described.
The Gazette reports Cedar Rapids and Iowa City Railway stores surplus freight cars along its Cedar Rapids to Iowa City line as freight movement falls nationally. About 270 hopper cars, including coal transport cars, sit on unused tracks visible as a 2.6 mile string past Swisher and Shueyville near I 380.
A federal grant will finance the replacement of the Cedar River bridge on the 5A Railway. The project advances infrastructure work by the railway company, enabling safer crossings and improved service along the line as engineers plan the new structure.
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