Lack of housing pushes UCCS to expand
COLORADO SPRINGS, COLO. -- This year's freshman class at the University of Colorado at Colorado Springs is the largest to date with 1,350 students.
The larger than usual freshman population is creating growing pains, the University has run out of dormitory space.
West Colfax HUD project likely to benefit area economy
The framed beginnings of what will be a five-story building off West Colfax Avenue and Zenobia Street is more than a start to 101 new homes, it is a fresh start for the local economy, HUD officials said Tuesday.
The Colorado Coalition for the Homeless is partnering with the U.S. Department of Housing and Urban Development and the Neighborhood Stabilization Program to bring increased home values and revitalization to the area.
The new building will house low-income working families and individuals and the chronically homeless, said John Parvensky, president of the Colorado Coalition for the Homeless.
Community banks seek moratorium on big bank mergers
The Independent Community Bankers of America asked federal regulators this week to launch a moratorium on bank mergers and acquisitions involving financial firms with $100 billion or more in assets.
If regulators heed the trade group's advice, the solution would effectively halt Capital One's (COF: 42.84 +0.99%) planned acquisition of ING Direct USA until Dodd-Frank rules designed to monitor too-big-to-fail banks are solidified.
A rough 10 years for the middle class
Last week, the government made gloomy headlines when it released the latest census report showing the poverty rate rose to a 17-year high. A whopping 46.2 million people (or 15.1% of the U.S. population) live in poverty and 49.9 million live without health insurance.
But the data also gave the first glimpse of what happened to middle-class incomes in the first decade of the millennium. While the earnings of middle-income Americans have barely budged since the mid 1970s, the new data showed that from 2000 to 2010, they actually regressed.
MBA: Mortgage Purchase Application Index declines, Record Low Mortgage Rates
The MBA reports: Mortgage Applications Increase in Latest MBA Weekly Survey
The Refinance Index increased 2.2 percent from the previous week. The seasonally adjusted Purchase Index decreased 4.7 percent from one week earlier.