Ohio Senate debates real estate bill to certify appraisers
Hearings continue in the Senate on a measure to prevent Ohioans from losing federally insured mortgage access. Sen. David Hobson sponsors requiring state certification of appraisers to meet federal standards, with a July 1, 1990 deadline to avoid loss of FHA loans. The bill mandates 20 hours biennial education and preserves current appraisers while cutting red tape for pre certification. Support comes from Richard Rogers and groups including the Department of Commerce and the Ohio Association of Realtors.
MENTIONED IN THIS ARTICLE
Columbus
Senate
Federal Housing Administration
David Hobson
Springfield
Congress
Ohio
Hobson
House Financial Institutions and Insurance Committee
Bank Board of Cincinnati
Department of Commerce
The
Ohio Association of Realtors
Hobson’s
Major banks cut prime rate to 11 percent
Citibank led a group of large banks in lowering the prime lending rate by a half point to 11 percent. Chase Manhattan, Morgan Guaranty, Manufacturers Hanover and Bankers Trust quickly followed. The move marks the first drop since February 1988, reflecting falling market rates and lower Treasury yields.
MENTIONED IN THIS ARTICLE
New York
Citibank
Chase Manhattan Bank
Morgan Guaranty Trust Co
Manufacturers Hanover Trust Co
Bankers Trust Co
Treasury
OPEC ministers seek pact to lift prices and quotas
In Vienna, OPEC ministers worked through the night toward a compromise to raise world oil prices and quotas while curbing overproduction. Saudi Arabia urged higher prices in the second half, as Iran’s Ayatollah Khomeini’s death loomed and Tehran eyed at least 1 million barrels above the ceiling. Analysts predicted a short-term price rise if an agreement limits cheating and sets a workable distribution.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Hisham Nazer
Saudi Arabia
Organization of Petroleum Exporting Countries
Iran
Merrill Lynch Capital Markets
Michael Rothman
Ethics probes target Gingrich as ethics review starts
The House ethics committee will open a review of a Democratic complaint accusing Republican Whip Newt Gingrich of violating rules on outside income and gifts. The process could begin as early as Thursday at the committee’s next meeting, signaling ongoing ethics concerns in Congress.
MENTIONED IN THIS ARTICLE
Washington
House
Newt Gingrich
Jim Wright
Tony Coethe
Ethics Committee
Gingrich
Pension funds at risk prompt call for urgent inquiry
Labor Department inspector general J. Brian Hyland warned that more than 1.6 trillion dollars in pension funds may be exposed to regulatory gaps and weak enforcement. He urged Congress to probe potential abuses and gaps in federal pension laws amid mixed reactions from pension policy groups and the Labor Department. Uniroyal Chemical announced it would remove Alar from the U.S. market immediately, while defending the chemical's safety. Apple growers had pleaded for action as fears over Alar had reduced apple sales.
MENTIONED IN THIS ARTICLE
Labor Department
Inspector General
J. Brian Hyland
Congress
Yanks Alar
U.S
Uniroyal Chemical Co
America
Realto the Corporate Transfer
Realto describes corporate transfer benefits for home equity, including fair market value buyouts, rent-free equity loans, property management, mortgage and tax payments, and temporary living expense coverage. It pitches Century 2 Demby Inc. Realtors in Elyria offering selling and transfer services and invites calls to discuss options.
MENTIONED IN THIS ARTICLE
Century 2
Demby Inc. Realtors
Middle Ave
Elyria
Also Mentioned on This Page
Richard Rogers
Federal Home Loan
Dallas Morning News
Nazer
Gholamreza Ayazadeh
Bob Bunsey
North Ridgeville
Visitor's Bureau
Chamber of Commerce
Community Involvement Corp
Mills Creek
Lorain County
EST Bank
Bob
EST
North Ridgeville Branch
Alyria Savings & Trust National Bank
FDIC
First Bancorporation of Ohio
NYSE
Kmart
Korea
Ary Kroger i
Armco
AsiaPc
Merck
Eh Avon
Mobil
Bae
Bakr Hu
Ite Morgan
BinkAi
Motarla
Baxter
Nipsco
Disney
duPani
OunBrd
Sehlinb
SciAtl
Sears
Exxon
SmkBck
FedNith
Atta Ag Atet My Sons
Ny Syntex
Aqe Ag Telef
BAY Son
Fryic
Texaco
Texinst
Texhil
Genel
Gillete
An Warnrk
Holland
Iden
Oberlin
Parma Seté
Sheffield Lake
Lakeao
Schuenemann TV
Een
Westlake
Certenn
Orr
Robert Demby
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