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Exxon Mobil holds support
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Press Release

Exxon Mobil holds support

This article originally appeared in the Dallas Morning News on May 29, 2003. 05/29/2003 By SUDEEP REDDY / The Dallas Morning News Exxon Mobil Corp. shareholders overwhelmingly voted down each of a dozen resolutions presented Wednesday during an annual meeting marked by tight security and stricter controls on shareholder remarks. But several proposals – related to the environment and gay rights – gained votes over previous years, thanks to support from environmental groups and institutional shareholders.

05/29/2003
Social Security Reform Road Show
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Press Release

Social Security Reform Road Show

Your're Invited! Join the PA Town Hall Meetings on Social Security Reform and hear from key experts on the issue. The schedule: # Pittsburgh, PA, June 2 # Erie, PA, June 9 # Scranton, PA, June 16 Please join us! They all take place at 7PM. For more information, call 202.842.0200 visit Social Security Choice Posted May 29, 2003

05/29/2003
Florida Legislators to Address Malpractice Issue in June
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Press Release

Florida Legislators to Address Malpractice Issue in June

Frivolous lawsuits in Florida continue to drive up the costs of medical malpractice insurance. The Senate recently rejected a $250,000 cap on punitive damages that trial lawyers successfully fought citing poor economic conditions as the motivating factor for insurance companies to raise their rates.

05/29/2003
Florida Legislators to Address Malpractice Issue in June
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Press Release

Florida Legislators to Address Malpractice Issue in June

Frivolous lawsuits in Florida continue to drive up the costs of medical malpractice insurance. The Senate recently rejected a $250,000 cap on punitive damages that trial lawyers successfully fought citing poor economic conditions as the motivating factor for insurance companies to raise their rates.

05/29/2003
Gov. Locke Increases Taxes
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Press Release

Gov. Locke Increases Taxes

Gov. Gary Locke signed a bill last week increasing the gas-tax in the state of Washington by a nickel per gallon as of July 1. The tax hike is part of a $4.2 billion transportation fix that includes a 15 percent boost in trucking fees and a 0.03 cent sales tax surcharge on new and used vehicles. Locke, who presented a “no-new-taxes” budget to the legislature in December, reversed his previous pledge to improve the state’s ailing economy by preventing new tax increases.

05/29/2003
Gov. Locke Increases Taxes
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Press Release

Gov. Locke Increases Taxes

Gov. Gary Locke signed a bill last week increasing the gas-tax in the state of Washington by a nickel per gallon as of July 1. The tax hike is part of a $4.2 billion transportation fix that includes a 15 percent boost in trucking fees and a 0.03 cent sales tax surcharge on new and used vehicles. Locke, who presented a “no-new-taxes” budget to the legislature in December, reversed his previous pledge to improve the state’s ailing economy by preventing new tax increases.

05/29/2003
CSE Meets in Wilmington on Medical Malpractice
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Press Release

CSE Meets in Wilmington on Medical Malpractice

CSE's Wilmington chapter met last night (Tuesday) to discuss medical malpractice reform. Dr. John Lovett spoke on the effects of lawsuits on doctors and how increasing malpractice insurance is driving some doctors completely out of business.

05/29/2003
ANNEXATION PLAN RAISES OUTCRY; 1,100 ATTEND PUBLIC HEARING, AND MANY AIR STRONG
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ANNEXATION PLAN RAISES OUTCRY; 1,100 ATTEND PUBLIC HEARING, AND MANY AIR STRONG

BY Victoria Cherrie

They came armed with pamphlets and stickers, and toting signs opposing annexation. About 1,100 Forsyth County residents attended a public hearing last night at Joel Coliseum on Winston-Salem's plan to annex 14 areas that cover about 34 square miles and include about 24,000 people. Council members will vote on the proposal June 16. If approved, the people annexed would officially become city residents June 30, 2004.

05/28/2003
Groups' Support for RESPA Change Hinges on GMP
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Groups' Support for RESPA Change Hinges on GMP

BY Brian Collins

WASHINGTON -- Mortgage lenders will continue to support reform of the mortgage application and settlement process, according to six trade groups, provided the Department of Housing and Urban Development allows lenders to offer guaranteed mortgage packages without itemizing costs.

05/28/2003
Groups' Support for RESPA Change Hinges on GMP
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Groups' Support for RESPA Change Hinges on GMP

Mortgage lenders will continue to support reform of the mortgage application and settlement process, according to six trade groups, provided the Department of Housing and Urban Development allows lenders to offer guaranteed mortgage packages without itemizing costs. In a letter to HUD, the industry associations point out that the GMP proposal would reduce settlement costs by allowing volume discounts, average cost pricing and other pricing structures currently inhibited by the Real Estate Settlement Procedures Act. "With a few refinements, the GMP option can thrive in the marketplace," the April 30 letter to HUD says. Under HUD's GMP proposal, lenders could guarantee settlement costs, as well as the interest rate, without itemizing costs. However, Senate Banking Committee chairman Richard Shelby, R-Ala., has been pressing HUD to require itemization. But the lender groups claim itemizing the cost of individual services at the time of application is not practical and the disclosure would come too late in the process to help consumers comparison shop. It would "effectively eviscerate the GMP" and "prevent the GMP from becoming a reality in the marketplace," the trade groups say in the letter. The American Bankers Association, American Financial Services Association, America's Community Bankers, Consumer Bankers Association, Consumer Mortgage Coalition and Mortgage Bankers Association signed the April 30 letter. The letter sends a strong message at a time when most participants in the debate over RESPA are getting edgy - because no one seems to know where HUD is going with its reform proposal. And the lenders want to make sure HUD knows where they stand. "We are gravely concerned that the department might undertake to revise the good faith estimate (disclosure) as part of a final rule, while delaying or forgoing any efforts to allow GMPs. Such a move would have severe consequences," the trade groups warn. They also are concerned that HUD is reviewing newly "fleshed out" proposals for a two-package approach, advocated by the American Land Title Association and the Real Estate Services Providers Council (RESPRO). The two-package approach would create a lender's package that would include origination fees, appraisals, credit reports and flood certifications that are required by the lender, and a settlement services package would include title services, recordation fees, pest inspections and other fees. Meanwhile, lender groups are also concerned about the consumer groups and their lackluster support for Real Estate Settlement Procedures Act reform. "All they care about is predatory lending," one trade official said. To bolster the reform effort, the lenders have solicited support from conservative interest groups, such as former HUD secretary Jack Kemp's Empower America, the National Taxpayers Union and Citizens Against Government Waste. These groups are urging secretary Martinez to move ahead with RESPA reform, despite warnings from key Republicans, such as Sen. Shelby, that HUD should slow down and reissue the proposal (with revisions) for another round of comments. "We applaud your efforts and hope that you will move quickly to issue a final rule," according to the joint letter to HUD secretary Martinez. The Seniors Coalition and Citizens for a Sound Economy also signed the letter. "HUD's proposed rule to revise the nearly 30-year-old Real Estate Settlement Procedures Act to allow for greater competition in the market for home mortgage lending and settlement services will benefit consumers greatly without additional government spending," the letter says. In a separate letter, Americans for Tax Reform also expressed support for HUD's effort to simplify the regulatory process and increase competition in the real estate market.

05/28/2003

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