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Rob Varnon

Consumer watchdog sideswipes auto insurers over pricing

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A national consumer watchdog group is urging state insurance regulators to dig into auto insurers charging them with pricing the poor out of their cars. Consumer Federation of America sent letters and a press release out on Wednesday saying more insurers are adopting a price optimization strategy which charges people the most they are willing […] [Read More]

Last shift in Mines

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It’s my last day officially working in the Mines, and the Post today. I’m heading down county to cover education at the Advocate, starting Monday. But before I go, I just wanted to say goodbye to those who have read this blog and enjoyed it, especially the select few who have become Miniacs over the […] [Read More]
Categories: General

Conn. man nabbed on federal charges for bad app.

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Apparently, there wasn’t an app. for that. Federal agents say a Middletown man was offering friends a chance to get in on the ground floor of his new tech business, but instead he was just grinding up their money. Jonathan Gracia, 24, waived his right to indictment in New Haven federal court and pleaded guilty […] [Read More]
Categories: Fraud

Home hunters rising

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This is not a reference to a never before heard Door’s song, this is all about the real estate market and mortgages. But you can click the link to find the Door’s site and song LA Woman. The Mortgage Banker’s Association said Wednesday its index of mortgage application activity showed a 5 percent increase in home […] [Read More]

Are you sustaining? Recent transplants give us a call

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Hearst Biz Writer Rob Varnon would like to talk to those people living Connecticut’s motto, Qui Transtulit Sustinet, which according to my rusty Latin, means something like “It won’t kill you to move.” (One closet Miniac says it really means if you move here you gotta stay here.) Anyway, we’re hoping to talk to people […] [Read More]
Categories: General

Charging into a better economy? Credit card borrowing rising

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Americans reduced credit card debt in the first quarter of 2013 at a slower pace than the previous year, prompting concerns that the nation is about to punch the accelerator on debt this year. CardHub.com released its quarterly report on credit card debt and found Americans had more revolving debt than a year ago, despite […] [Read More]

Banks pay $7 million for bad behavior in 4,670 Connecticut foreclosures

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Remember when the banks faked court documents to speed up the foreclosure process and kept losing the paperwork from desperate people trying to modify mortgages in the heart of the downturn? Well, the checks are finally in the mail paying 5,000 residents in the state $1,480 each for their troubles thanks to Attorney General George […] [Read More]

Zap! Naugatuck Savings to change into ion Bank

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Naugatuck Savings Bank, which has $975 million in assets, said Monday it will change its name to the more recognizable “ion Bank” in the fall. The move should help ease confusion between Naugatuck Savings and its closely situated competition, publicly traded Naugatuck Valley Savings and Loan, which has assets of $526 million. Bank officials said […] [Read More]

Going up: Mortgage rates hit highest levels in a year

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The Mortgage Bankers Association said rates climbed to their highest levels in a year on expectations that the Fed is going to start tapering its asset buying program. The MBA noted that the economy is showing more strength as rates for 30-year fixed conforming loans rose to 3.9 percent, the highest level since May 2012. […] [Read More]

Conn. 7th in foreclosure inventory

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In April, 4.2 percent of Connecticut’s housing inventory was foreclosed upon, the seventh highest portion in the nation, according to a new report.The Nutmeg State’s foreclosure rate remains high as the judicial process for clearing them remains slow, CoreLogic data shows. Connecticut completed 3,700 foreclosures in the 12 months ended in April. States without judicial […] [Read More]
Categories: General
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