Category: Montana Loans


Will every mortgage lender soon have a cash offer product?


Prior to the pandemic, with each new announcement apparently not starting a bidding war, Evergreen Home Loans was set to launch a cash bid program in Washington state.

An independent regional mortgage bank licensed in 10 western states, Bellevue-based Evergreen, prides itself on the level of service it provides to realtors – 70% of the company’s fixtures are purchase loans.

Founder and Chairman Don Burton is a former real estate agent who started Evergreen in 1987, with the goal of eliminating long delays and last-minute surprises in loans that can derail closures.

The CashUp by Evergreen program – in which Evergreen pays cash for homes on behalf of homebuyers and then provides ongoing financing when it transfers ownership to them – was Burton’s idea, said Tamra Rieger, chief operating officer of Evergreen.

Tamra rieger

Burton “is actively involved in the business every day, and it was his idea,” said Rieger. “He was a real estate agent before starting the mortgage company, and Evergreen’s goal has always been, ‘How can we help agents and add value to agents?’ “

Rieger oversaw a special product team at Evergreen which developed the CashUp program over six months. The team was preparing to launch the cash offers program in March 2020 when the pandemic struck.

“There was so much risk in the regular lending environment that we had to opt out of the CashUp program,” Rieger recalled. But, “Fast forward a year, and we’re getting through COVID and managing the risk pretty well.” So we started with a pilot launch in February.

A handful of Evergreen’s top loan officers – about 10 out of a total of 260 – have dedicated themselves to deploying the CashUp program in Washington state, she said.

Once homebuyers have been pre-approved, the CashUp program allows them to submit a cash offer without funding or unscheduled appraisals. If the offer is accepted, Evergreen purchases the home and transfers it to the buyer once its permanent financing is finalized.

“What’s exciting for the agent is that this is a guaranteed cash close,” says Rieger. “There is nothing that will derail the closure. I have respected the closing date each time.

Because Evergreen is a mortgage bank, it has the funds to not only buy homes for cash, but also to provide permanent financing directly to the buyer. That means it can close faster than cash offer programs that outsource funding, Rieger said.

“We have our own funds and we control the mortgage process,” Rieger said. We fully approve the buyer in advance for the cash offer and can close in as little as 10 days. “

The buyer’s mortgage is finalized after Evergreen purchases a home on their behalf. Because they have already been pre-approved, permanent funding ends quickly.

“About a week after closing with cash, I close the client’s financing” to buy the house at Evergreen, said Rieger.

Some large real estate brokerage firms cannot meet this deadline because they are relying on another lender to pay off their purchase in cash, Rieger said.

“I spoke to a real estate company that is setting up a cash offer program that asked for our help,” Rieger said. “Because they don’t have control over the mortgage process, it takes them 30 days from the time they close with their money for their client’s loan to close. It is too long.”

Develop in new markets

Evergreen, which partners with real estate agents to make the CashUp program accessible to more homebuyers, says the program was successful, leading him to expand the program beyond Washington State to Arizona and Idaho . A pilot program is operational in Nevada and Rieger hopes to launch it in California in October.

As Evergreen rolled out the program, “The good thing is that I was able to talk to everyone involved, including the buyer’s agent and the listing agent. Especially at the beginning, they wanted to talk to me to make sure it was real, ”said Rieger.

“I have received great feedback from agents that this is a real cash offer. The only contingency I have is on inspection, and I will accept seller’s inspection if Evergreen can verify that it was not produced by a related party.

Not all customers start with the CashUp program, Rieger said. But once a buyer has made several traditional offers on different houses, “you get a little discouraged when you don’t win the house.”

To help the CashUp program gain traction, Evergreen has tried to cut costs, she said. Evergreen charges a 1% origination fee at the close of the buyer’s loan, and other costs such as escrow, title and registration fees typically add up to around $ 1,400, Rieger said.

The CashUp program requires home buyers to use Evergreen for financing their permanent home. Evergreen’s goal is to help buyers get their offer approved, then provide them with ongoing financing, not make money on fees.

“A lot of the programs charge higher fees – I saw 2.3 percent,” Rieger said. “We are doing this to help our buyers win the home. We have really tried to keep CashUp attractive to the customer, so that the cost does not prevent them from using it.

When deciding in which market to deploy the CashUp program, it is necessary to take into account the property transfer taxes.

“When I close in cash, I own this house and the seller pays the property transfer tax. In the second step, I am the seller and I technically transfer ownership of Evergreen to the borrower, ”generating another transfer of ownership or excise tax, Rieger said.

So the easiest states to run a cash offering program are those that don’t have an excise tax, Rieger said. Then, she searches for states with lower transaction fees, such as Arizona, Idaho, and Montana.

Although closing costs in Washington state may be higher than in other states, Evergreen started CashUp there because that’s where the company is headquartered and “because probably 50 or 60 % of our transactions are done in Washington, ”said Rieger.

The long term goal is to make CashUp available in all states where Evergreen is licensed. So far, that’s 10 states: Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon, Texas, Washington and Wyoming

But Colorado, Texas and Montana are recent additions to Evergreen, which also plans to expand into other western states, Rieger said.

“We have a bit of a philosophy of knowing your market and going into states that are close to where you already do business, rather than going across the country across the country to somewhere like Florida,” said Rieger. “We’re out west and we’re moving east,” while continuing to add branches into Evergreen’s existing footprint.

Will each lender have a cash offering product?

If a licensed regional mortgage lender in 10 states can offer a cash offer product, does that mean each lender will eventually launch their own offer?

“I don’t know if this will be the mainstream, or if all the lenders will be able to do it,” Rieger said. “It might sound easy, but there is a lot of work to be done. I have a good training process and disclosures. But for a lender to create a product like this, I think it takes 6 months to build it, 3 months to pilot it, and you need a lot of resources to do it.

Rieger said any lenders who aren’t already working on launching a cash offering product could miss the boat.

“There is a time for this product. Right now it’s very popular and I’m happy we’re positioned where we are, ”said Rieger. “I think there is a window, and as more homes come on the market and more inventories are online, it’s likely that there will be less demand for a program like this.”

At the moment, stocks are still scarce in many markets, she said.

“We’re still seeing cash offers above the list price, multiple offers, and escalation,” Rieger said. “I think Evergreen was in a good position because we launched in February. If you are a mortgage company trying to launch this product now, you might miss your window.

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The Hayworths are back for boredom in Season 2 of “Home Economics” | Entertainment


Combine an A-plus cast with clever writing about a taboo subject – the financial disparity between adult siblings – and you’ve got a sitcom worth its weight in comedy gold.

In season 1 of Domestical economy, the Hayworths – struggling author Tom (Topher thanks), woke up younger sister Sarah (Caitlin McGee) and baby brother Connor (Jimmy tatro), the weak but wealthy venture capitalist – got us cracked while clashing over personal loans, expensive vacations, and wage inequality.

(Credit: ABC / Richard Cartwright)

Executive producer Michael Colton based the show, and his surplus heart, on his own parents. “It’s a family comedy about a loving family too much a lot, ”he laughs. “They get really angry because they think they know best and just want to help.”

The fun continues in Season 2 as Tom draws closer to publishing his Hayworth-inspired novel, therapist Sarah finds work at the private school attended by Connor’s daughter Gretchen (Shiloh Bearman), and Connor is dating. one of Sarah’s friends.

But first, he sparks an argument when he scores luxury passes in a San Francisco 49ers game, but not enough for everyone. With Tom’s wife, Marina (Karla Souza) and Sarah’s wife, Denise (Sasheer Zamata), “They find a way to play the game on themselves,” promises co-creator John Aboud. Invaluable.

Domestical economy, Season 2 premiere, Wednesday September 22, 9:30 am / 8:30 am, ABC

This is an excerpt from the 2021 Returning Favorites issue of TV Guide Magazine. For more information on the new fall TV season, check out the newsstand issue now.


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Stocks fall the most since May amid concerns over China, Fed | national news


Wall Street shares closed sharply lower on Monday, reflecting losses abroad and giving the S&P 500 Index its biggest drop in four months.

Concerns about over-indebtedness Chinese real estate developers – and the damage they could do to investors around the world if they default – has spilled over into the markets. Investors are also concerned that the United States The Federal Reserve could report this week that it consider withdrawing some of the support measures it gives to the markets and the economy.

The S&P 500 lost 75.26 points, or 1.7%, to 4,357.73, its biggest drop since May. At one point, the benchmark was down 2.9%, the biggest drop since last October. The S&P 500 was coming off two weeks of losses and is on track for its first monthly decline since January. The S&P 500 has lasted unusually long with no pullbacks of 5% or more.

The Dow Jones Industrial Average lost 614.41 points, or 1.8%, to 33,970.47. The blue chip index briefly lost 971 points. The Nasdaq lost 330.06 points, or 2.2%, to 14,713.90. The Hang Seng, Hong Kong’s main index, fell 3.3% for its biggest loss since July. European markets fell around 2%.

“What has happened here is that the list of risks has finally become too long to ignore,” said Michael Arone, chief investment strategist at State Street Global Advisors. “There is just a lot of uncertainty at a difficult seasonal time for the markets.”

Concerns about Chinese real estate developers and debt have recently focused on Evergrande, one of China’s largest real estate developers, which appears to be unable to repay its debts.

The fear is that a potential collapse there could set off a chain reaction in China’s real estate development industry and spill over into the wider financial system, in the same way that the Lehman Brothers failure ignited the 2008 financial crisis and the Great Recession. These real estate companies have been major engines of China’s economy, which is the second largest in the world.

If they fail to repay their debts, the heavy losses suffered by investors who hold their bonds would raise concerns about their financial strength. These bondholders could also be forced to sell other independent investments to raise funds, which could hurt prices in seemingly independent markets. It’s a product of how global markets have become tightly connected, and it’s a concept the financial world calls “contagion.”

Many analysts say they expect the Chinese government to prevent such a scenario, and that it doesn’t sound like a Lehman-type moment. Still, any hint of uncertainty may be enough to shock Wall Street after the S&P 500 has climbed almost uninterruptedly since October.

Besides Evergrande, there are several other concerns lurking beneath the generally calm surface of the stock market. In addition to the possible announcement by the Fed of a relaxation of the accelerator on its support for the economy, Congress might opt ​​for a destructive chicken game before allowing the US Treasury to borrow more money and the COVID-19 pandemic continues to weigh on the global economy.

Whatever the main cause of Monday’s market collapse, some analysts said such a drop was due. The S&P 500 hasn’t even seen a 5% drop from a high since October, and the almost unstoppable rise has left stocks more expensive and with less margin for error.

All the worries have prompted some on Wall Street to predict future stock declines. Morgan Stanley strategists said on Monday that conditions could ripen to cause the S&P 500 to fall 20% or more. They pointed to weakening buyer confidence, the potential for higher taxes and lower prices. ‘inflation to undermine corporate profits and other signs that the economy’s growth may slow sharply.

Even if the economy can avoid this worse-than-expected slowdown, Morgan Stanley’s Michael Wilson said stocks could still fall around 10% as the Fed cuts support for markets. The Fed is due to release its latest update on economic policy and interest rates on Wednesday.

Earlier this month, Stifel strategist Barry Bannister said he expected the S&P 500 to decline 10% to 15% in the last three months of the year. He cited the reduction in support by the Fed, among other factors. Bank of America strategist Savita Subramanian also set a target of 4,250 for the S&P 500 by the end of the year. That would be a 4.1% drop from Friday’s close.

Tech companies have led the market as a whole to the downside. Apple fell 2.1% and chipmaker Nvidia fell 3.6%.

Banks suffered heavy losses as bond yields fell. This impairs their ability to charge more lucrative interest rates on loans. The 10-year Treasury yield fell to 1.31% from 1.37% on Friday night. Bank of America fell 3.4%.

Oil prices fell 2.3% and weighed on energy stocks. Exxon Mobil fell 2.7%.

Small business stocks were among the biggest losers. The Russell 2000 lost 54.67 points, or 2.4%, to 2,182.20.

Airlines were among the few bright spots. American Airlines rose 3% to dominate all S&P 500 winners. Delta Air Lines rose 1.7% and United Airlines added 1.6%.

Cryptocurrency traders also had a rough day. The price of Bitcoin has fallen nearly 8% to $ 43,717, according to Coindesk.

Investors will have the opportunity to take a closer look at how the downturn has affected a wide range of businesses when the next round of corporate results begins in October. Strong earnings have been a key driver for stocks, but supply chain disruptions, higher costs and other factors could make it harder for companies to meet high expectations.

“The biggest strength in the market this year could become its biggest risk,” Arone said.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Missoula County added to USDA drought zones


Missoula County has been designated a primary natural disaster area by the United States Department of Agriculture. To be included in this category, Missoula County has suffered a drought for at least eight weeks this season. USDA examines severe, extreme and exceptional drought conditions. The designation allows producers to apply for emergency loans that can replace equipment or livestock, help reorganize a farm, or refinance certain debts.

Counties surrounding Missoula are also eligible for drought recovery options. This includes Ravalli County. Other counties are Sanders, Powell, Mineral, Granite, Lake and Flathead, according to a USDA press release. More information is available in line.

Qualifications for production losses are “a 30% reduction of a primary crop in a designated or continuous county. Quality losses, such as receiving a 30% reduced price for damaged crops, may be eligible. The agricultural services agency will review applications The deadline to apply is May 3, 2022.

Drought has been severe across the Northwest this year. The USDA reported an average topsoil moisture shortage of 96% in Montana. This was only surpassed by Washington State with 100% very short to short humidity. At least half of the rangelands and pastures were rated “poor” or “very poor” in eight of the 11 western US states, again with Washington at the top of the list at 96% and Montana at the top. 88% low or very low humidity. Oregon was at 87%. Montana was helped by early rains that added to water stored in lakes and reservoirs, but the constant hot, dry weather caused reservoir levels to drop rapidly this summer.

The emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or the President under Stafford Act.

WATCH: The costliest weather and climate disasters of decades

Stacker ranked the costliest climate disasters by the billions since 1980 by the total cost of all damage, adjusted for inflation, based on 2021 data from the National Oceanic and Atmospheric Administration (NOAA). The list begins with Hurricane Sally, which caused $ 7.3 billion in damage in 2020, and ends with a devastating hurricane in 2005 that caused $ 170 billion in damage and killed at least 1,833 people. Read on to learn about the 50 costliest climate disasters of the past decades in the United States.

LOOK: What are the chances that these 50 totally random events will happen to you?

Stacker took the guesswork out of 50 random events to determine how likely they are to actually happen. They drew their information from government statistics, scientific articles and other primary documents. Read on to find out why expectant parents shouldn’t rely on due dates – and why you should be more worried about dying on your birthday than living to 100.


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Six low-cost first-time buyers can buy without a down payment


First-time buyers can become homeowners without a down payment by living outside of major cities.

This is possible thanks to the USDA Rural Home Loan Program, which offers support to those who generally cannot get a mortgage due to their low income.

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We’ve rounded up the cheap homes available in areas eligible for the USDA Rural Home Loan Program.

The loans are guaranteed by the rural development program of the Ministry of Agriculture and do not require a down payment.

There are income limits for securing a home loan guarantee, which vary depending on where you live and the size of the household.

To find the limit of the county where you live, consult the USDA website.

There is no loan limit, but keep in mind that the amount you can borrow is limited by your income and your household debt ratio.

To apply for a USDA secured loan, you must speak to a participating lender.

Below, we’ve rounded up homes listed on Zillow below $ 100,000 that are located in eligible rural areas, according to the USDA Eligibility Tool.

Just be aware that some will need a little love before moving in and the cost of renovations will increase your spending.

If you prefer to get a larger mortgage, you can provide the address of the home you want to buy to see if you qualify for home loans.

Aberdeen, CA – $ 29,000

For less than $ 30,000 you can buy a one bedroom house in California

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For less than $ 30,000 you can buy a one bedroom house in CaliforniaCredit: Zillow
The sale of the property also includes a leather sofa as well as a dining table and chairs

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The sale of the property also includes a leather sofa as well as a dining table and chairsCredit: Zillow

The cheapest house costs $ 29,000 and it is located in California – perfect if you are looking for pleasant temperatures all year round.

The house is a one bedroom, one bathroom house and has an additional room which is used as a bedroom converted into an enclosed patio.

A leather sofa and two leather rocking armchairs, a dining table and chairs, a washer and a dryer are included in the sale of the mobile home.

Glendive, Montana – $ 49,900

This pretty Montana property could be yours for $ 49,900

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This pretty Montana property could be yours for $ 49,900Credit: Zillow
You may need to upgrade the bathroom, so keep that in mind before you splash around

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You may need to upgrade the bathroom, so keep that in mind before you splash aroundCredit: Zillow

For almost $ 20,000 more at $ 49,900, you can get a bedroom, a bathroom lodge located in Glendive, Montana.

The main level of the house also has the living room, and another can be used as a pantry or dining room.

Additionally, there is a basement which is said to be “unfinished”, but it houses utilities and provides a storage area.

The house was built in 1910 and the land measures 2,613 square feet.

Tollesboro, Kentucky – $ 49,900

Small Families Can Enjoy This Home In Tollesboro

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Small Families Can Enjoy This Home In TollesboroCredit: Zillow
Distributed over two floors, the property comprises three bedrooms and two bathrooms.

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Distributed over two floors, the property comprises three bedrooms and two bathrooms.Credit: Zillow

For the same price you can get a single family Home in Tollesboro, Kentucky.

It is located just off the AA freeway in downtown Tollesboro and would also have easy access to US 68.

Distributed over two floors, the property comprises three bedrooms and two bathrooms.

It is also said that there is a walk-in closet.

Saint Johns, Arizona – $ 69,000

Arizona residents or those happy to relocate may want to take a look at this property

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Arizona residents or those happy to relocate may want to take a look at this propertyCredit: Zillow
It comes with two bedrooms and two bathrooms - perfect for small families

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It comes with two bedrooms and two bathrooms – perfect for small familiesCredit: Zillow

For $ 69,000, you can get a arizona home which comes with a huge back yard.

The property has two bedrooms and two bathrooms – perfect for small families.

It does, however, need a little love and updating to make it the perfect starting home.

The property is listed as a foreclosure on Zillow which means it has been repossessed and put up for sale.

Wilmington, Vermont – $ 89,000

This solar cabin will give you peace and quiet in Vermont

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This solar cabin will give you peace and quiet in VermontCredit: Zillow
The property has an open layout and a mezzanine with window

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The property has an open layout and a mezzanine with windowCredit: Zillow

If you really want to get away from the hustle and bustle, you can buy your own $ 89,000 cabin near the Green Mountain National Forest in Vermont.

The property has an open layout with a log burner to keep things cozy.

Integrated stairs lead to a mezzanine with window. Outside there is a spacious wraparound deck.

Better yet, a solar generator and solar panels provide lighting for the house.

Welches, Oregon – $ 99,500

This mobile home includes a laundry room, a dressing room, three bedrooms and two bathrooms

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This mobile home includes a laundry room, a dressing room, three bedrooms and two bathroomsCredit: Zillow
It is located a short walk from Dollar General, Subway and Zig Zag Inn

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It is located a short walk from Dollar General, Subway and Zig Zag InnCredit: Zillow

Finally, you can become the owner of a mobile home for $ 99,500 in Oregon.

It includes a laundry room, a dressing room, three bedrooms and two bathrooms.

It is also said to be located a short walk from Dollar General, Subway, and Zig Zag Inn.

You might also be happy to hear that the existing washer and dryer are included in the sale.

We also rounded up six family size homes under $ 50,000 where first-time buyers only need a down payment of $ 1,750.

Earlier this year, a super saver revealed how she bought her first home at age 23 with low income and an average credit score.

Super scrimper Gemma Bird reveals how she paid off her mortgage and gives advice to first-time buyers

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First Interstate to buy Great Western Bank for $ 2 billion, all-stock deal


Dive brief:

  • Billings, MT-based First Interstate Bank acquires Sioux Falls, South Dakota-based Great Western Bancorp in $ 2 billion deal expected to close in first quarter of 2022, announced the banks in a press release Thursday.
  • Adding Great Western’s 174 locations would more than double First Interstate’s number of branches to 321, according to American banker. The deal would also expand First Interstate’s footprint to 14 states, eight of which are new.
  • Global Investor Rights Law Firm Halper Sadeh launched an investigation Thursday to see if the deal is fair to Great Western shareholders.

Dive overview:

Thursday’s deal marks First Interstate’s first acquisition since the start of the COVID-19 pandemic. The typically serial acquirer had completed seven bank transactions between 2014 and 2019, American Banker reported. But the Great Western transaction would be the most important.

In his statement Thursday, First Interstate CEO Kevin Riley called the acquisition a “moment of transformation.” Indeed, the combined bank – which would be headquartered in Billings and go by the name First Interstate – would have more than $ 32 billion in assets, $ 18.4 billion in loans and $ 27.1 billion in deposits, making First Interstate roughly the 63rd largest bank in the United States. , aaccording to June Federal Reserve data.

“We are both proud to be community banks with a strong focus on relationship building, customer service and community outreach,” said Riley, who would become the general manager of the combined entity. “We look forward to expanding our community banking model to eight new states and look forward to building relationships with the employees and customers who inhabit these beautiful regions. “

Great Western CEO Mark Borrecco is expected to become the combined entity’s banking director. Five Great Western directors will become members of the First Interstate board of directors following the agreement.

“We will be able to provide clients with access to additional branches and new products and services, provide new growth and professional development opportunities for our employees, deliver additional returns to our shareholders and have an even greater impact on our communities, ”Borrecco mentioned.

Under the deal, Great Western shareholders will receive 0.8425 First Interstate shares for each Great Western share they own, a 24.7% premium over Wednesday’s closing price, according to MarketWatch.

Halper Sadeh, however, has launched an investigation into whether Great Western and its board of directors have violated securities laws or their fiduciary duties to shareholders. The law firm questioned whether First Interstate was underpaying for Great Western and whether all important information had been disclosed before the acquisition was announced..


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Chicago woman posed as relative of murder victims to demand refunds and checks – FOX23 News


CHICAGO – Chicago woman accused of obtaining death certificates from young homicide victims by pretending she was a relative, then using their stolen identities to collect thousands of dollars in COVID-19 stimulus payments and tax refunds, authorities said.

>> Read more trending news

Katrina Pierce, 50, was indicted in United States district court with wire fraud and identity theft, the Chicago Tribune reported.

The lawyer appointed by Pierce could not be reached immediately for comment, according to the newspaper.

The 34-page complaint alleges Pierce asked Amari Brown’s aunt, a 7-year-old boy who was shot and killed on July 4, 2015, to request his death certificate, on Tribune reported. The complaint alleges that Pierce then used the stolen information to file a fraudulent tax return that resulted in a refund check for $ 4,400 from the IRS.

An IRS special agent reported that the Cook County Bureau of Vital Records became suspicious of Pierce in late 2019 when a staff member uploaded electronic death certificate requests in one day, WBBM-TV reported. The staff member said Pierce submitted four requests for death certificates in one day, claiming to be the sister of each of the deceased, the Tribune reported.

According to the newspaper, a check of the office’s database revealed that Pierce requested 37 death certificates in 2019 and was able to obtain 26. All of the certificates were for homicide victims aged 2 to 22, according to the newspaper. Tribune.

Requests for death certificates had also come in from a “Tracy Scott” and a “Tammy Jones” using the same address that Pierce owned, WBBM reported. The requests indicated that Scott worked for “Pierce Auto” and Jones was employed by “Pierce Inc.”, according to the television station.

In another example alleged in the complaint, Pierce is accused of applying for a loan on behalf of a manufacturing company called “Katrina D. Pierce LLC” at her Chicago address, WBBM reported. The company claimed to have 106 employees and $ 670,000 in gross revenue, according to the federal complaint.

Pierce is also accused of applying for loans using the name of a farming business in southern Illinois, a small business owner from Idaho, a farmer from Montana and two farmers from Iowa, according to WBBM.

Brown’s family were irritated by identity theft, which opened up old wounds.

“Why would anyone want to do this?” Brown’s aunt Andrina Hailey said WLS-TV. “It’s very sensitive to us, and we just think it’s disgusting.

“It is wrong. It is morally wrong. It is simply wrong.

Pierce was arrested on Tuesday, Tribune reported. A preliminary hearing is scheduled for next Tuesday, according to the newspaper.

According to prosecutors, Pierce was sentenced in 2012 to 11 years in federal prison for using stolen identities and other fraudulent documents to steal more than $ 200,000 in federal tax refunds and child care allowances. Tribune reported. She was still on probation when she was arrested this week, according to the newspaper.

“Identity theft can be very tricky, very difficult for authorities to detect because the systems are just not in place, at least not across the federal bureaucracy or the state bureaucracy to proactively seek out cases of identity theft, ”said Gil Soffer, a legal analyst for WLS.

More coverage in the event of a coronavirus pandemic:

>> Coronavirus: How long between exposure to the virus and the onset of symptoms?

>> What are your chances of coming into contact with someone with COVID-19? This tool will tell you

>> How not to let the fatigue linked to the coronavirus pandemic set in, fight back if this is the case



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Asian stocks mostly up after retirement from Wall Street | national news


Asian stocks were mixed on Friday after a mishmash of economic data led Wall Street to close largely lower.

Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney.

Across the region, concerns over the protracted coronavirus outbreak weighed on sentiment.

“Overall, the mood remains a bit gloomy in the markets, with investors torn between the ‘buy down’ approach that has worked so well in the past and the growing list of economic and market risks that have worked so well in the past. are increasingly evident, ”Oanda’s Craig Erlam said in a comment.

In Japan, stocks are trading near three-decade highs in anticipation of a leadership change after Prime Minister Yoshihide Suga withdrew from the ruling Liberal Democratic Party leadership race.

Suga’s supportive notes had languished amid widespread public discontent with his administration’s response to the pandemic.

PLD lawmakers and grassroots members will vote on September 29, with a parliamentary election slated for next month.

Tokyo’s Nikkei 225 index rose 0.6% to 30,489.12. The Hang Seng in Hong Kong rebounded from losses earlier in the week to gain 0.5% to 24,789.77. The Kospi in Seoul advanced 0.2% to 3,135.38.

The Shanghai Composite Index lost 0.6% to 3,585.71, while the S & P / ASX 200 in Sydney lost 0.6% to 7,415.50.

On Thursday, the S&P 500 and the Dow Jones Industrial Average each lost around 0.2%, while the highly technological Nasdaq managed to achieve a gain of 0.1%.

The market rose slightly early after surprisingly good retail sales report for August, but then fell back.

Markets were choppy as investors moved money between various sectors while analyzing the data for clues about the direction the economy is heading and the Federal Reserve’s reaction.

The central bank will meet next week, and investors will listen intently to any commentary on the timing and extent of the decline in support for low interest rates that have helped fuel equity gains throughout the year.

The S&P 500 lost 6.95 points to 4,473.75. It stands at 1.4% of the all-time high established on September 2. The Dow Jones lost 63.07 points to 34,751.32, while the Nasdaq added 20.39 points to 15,181.92.

Small business stocks also lost ground. The Russell 2000 Index slipped 0.1% to 2,232.91.

The Commerce Department said retail sales rose 0.7% last month. Economists had expected a 0.85% contraction, believing that spending would have declined as the highly contagious delta variant of COVID-19 prompts consumers to withdraw from their purchases.

Wall Street also weighed in on a disappointing report showing that weekly jobless claims rose more than expected.

The yield on the 10-year Treasury bill rose to 1.33% from 1.30% on Wednesday night.

In other exchanges, US benchmark crude oil fell 14 cents to $ 72.47 per barrel in electronic trading on the New York Mercantile Exchange. It remained unchanged overnight at $ 72.61 per barrel.

Brent crude, the standard for international prices, fell 18 cents to $ 75.49 a barrel.

The dollar rose to 109.87 Japanese yen from 109.81 yen on Thursday night. The euro climbed to $ 1.1768 from $ 1.1761.

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AP Business Writers Damian J. Troise and Alex Veiga contributed.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Don’t count Aaron Rodgers yet


If you are an intense football fan or even a novice fan, you know who Aaron Rodgers is. Rodgers played the Green Bay Packers quarterback for years. He won a Super Bowl and entered the Professional Football Hall of Fame. But, he’s also had a lot of controversy this past offseason.

I’ve written a few articles about his issues with the Packers leadership. It was very polarizing to say the least. I really thought they were going to trade him in the offseason, but they didn’t.

This is his last season at Green Bay before joining another team. The Packers believe their future is with Jordan Love backing it up for now. It was a very complicated situation. But, for now, Rodgers is the starting quarterback.

So, last weekend, the Pack opened with the Saints and got beaten up. Aaron Rodgers also played poorly. Now everyone is on his case. But not for a second did he finish.

The Pack welcomes the Lions this Monday evening in Green Bay. The Lions’ defense is mediocre at best right now. So Aaron Rodgers could have a field day. The Lions didn’t have the best of luck in Green Bay either.

Never count Aaron Rodgers. A bad game doesn’t mean he’s finished. He hasn’t played the entire preseason, so get ready for him to have a brilliant game!

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Cinema financier receives 13 years in prison for $ 60 million fraud scheme | national news


MIAMI (AP) – A South Florida man claiming to be a movie financier was sentenced to 13 years in prison on Tuesday for carrying out a scheme to steal more than $ 60 million from investors and producers looking for fundraising for Broadway movies and shows.

Benjamin Forrest McConley, 39, has been sentenced in Miami federal court, court records show. In addition to serving a prison sentence, he must also pay restitution. He pleaded guilty in 2019 to one count of conspiracy to commit wire fraud.

According to an indictment, McConley and his co-defendant Jason Van Eman, operating as Weathervane Productions, offered to provide funding to investors and producers seeking funds to produce films, theatrical performances and other projects. McConley and Van Eman promised victims that they would match their cash contributions and use the combined funds to secure funding from financial institutions in South Florida and elsewhere, investigators said.

Benjamin Rafael, a former Wells Fargo bank employee recruited by McConley and Van Eman, bolstered the scheme by lying to victims about the safety of their funds, prosecutors said. Victims have lost millions of dollars and their contributions have never been matched. Instead of funding projects, the money was transferred to personal and corporate bank accounts and spent on luxury cars, personal watercraft, real estate, stocks, jewelry, home furnishings, designer clothes, hotel rooms and air travel.

Rafael had previously pleaded guilty for his part in the scheme, as well as in another case involving fraudulent applications for COVID-19 relief loans. He was sentenced to three and a half years in prison.

Van Eman is due to stand trial in March 2022. His lawyer, Sidney Fleischman, said Van Eman maintained his innocence and looked forward to being fully exonerated after the trial.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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