Wednesday, June 19 2013 3:24 PM EDT2013-06-19 19:24:30 GMT
Fitch affirms a AA+ rating for West Virginia's general obligation debts and a AA rating for both the West Virginia Economic Development Authority and School Building Authority.
Fitch affirms a AA+ rating for West Virginia's general obligation debts and a AA rating for both the West Virginia Economic Development Authority and School Building Authority.
Tuesday, June 18 2013 4:13 PM EDT2013-06-18 20:13:52 GMT
Secretary of State Natalie Tennant will seal a time capsule celebrating West Virginia's 150th birthday. The capsule will include items such as a letter, a photo and an iPhone.
Secretary of State Natalie Tennant will seal a time capsule celebrating West Virginia's 150th birthday. The capsule will include items such as a letter, a photo and an iPhone.
CHARLESTON (AP) — The West Virginia Legislature will
consider a bill requiring appraisal management companies to register
with a state board.
The companies are meant to serve as a buffer
between banks and appraisers. A legislative legal counsel says when
mortgage lending banks deal directly with appraisers, there's an
incentive for appraisers to over-value properties so that banks can
issue larger mortgages.
The 2012 federal Dodd-Frank financial reform law requires regulation of appraisal management companies.
The
proposed bill would require appraisal management companies to be
independent, to meet minimum standards and to post a bond with that
would reimburse potential consumer complaints. Ownership and management
would have to submit to criminal background checks.
A rough draft of the bill was presented to legislators during interim sessions on Tuesday.
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