vegasinc.com | November 13 - november 19, 2016
In October 2011, President Barack Obama spoke in Las Vegas during a trip to announce new rules to help homeowners with little or no equity in their homes to refinance their mortgages to avoid foreclosures. (associated press file)
Troubles with TARP Audit finds that mortgage-assistance program in Nevada has wasted money, not helped enough homeowners By Daniel Rothberg | STAFF WRITER
Seeking to address the housing crisis in the states most affected by unemployment, the federal government created a fund in 2010 to help homeowners pay mortgages. Nevada stood to benefit from an allocation of about $200 million as part of the Hardest Hit Fund. But six years later, half the funding has yet to be disbursed, with many homeowners ha rd est hit, Continue d on page 15
$40M
Estimated amount it will cost to update vending machines in the United Kingdom to accept the new pound coin, which will be the new standard next fall.
$3.8B
Amount Caesars Entertainment aims to raise to exit bankruptcy. The plan involves splitting Caesars’ main bankrupt unit into a casino operator and a real estate investment trust.