- FNC Webinar: Update on Regulations and Guidance Concerning Collateral Valuations
- FNC Index: Home Prices Nationwide Up 0.8%; San Francisco Market Declines for First Time Since 2012 Recovery
- Unraveling Fannie Mae Guidelines
- FNC Index: Home Prices Up 2.3% in the Second Quarter
- Regulatory and Compliance Update with Shawn Telford and Neil Olson
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Category Archives: Oil Crisis
The administrator of BP’s $20 billion oil spill claims fund returns to the Gulf Coast this week amid increasing complaints that the program is failing to compensate many in need.
Attorney Kenneth Feinberg will meet tomorrow with residents, business owners and fishermen in Bayou La Batre and Orange Beach along the Alabama coast. He heads to the Florida Panhandle on Wednesday.
Last week, Feinberg was greeted in Mississippi… Continue reading
by Associated Press – Published: January 25,2011
MISSISSIPPI GULF COAST — Mississippi is still seeing some lingering, visible effects from the 2010 BP oil spill in the Gulf of Mexico, the director of the state Department of Environmental Quality told lawmakers Jan. 24.
“We have isolated and sporadic tar balls still coming on the Mississippi shoreline,” Trudy Fisher told members of the House Conservation and Water Resources during… Continue reading
PBS Frontline unleashed one of its best investigative reporters on BP. You can decide for yourself whether he came back with gold or pablum on October 26 when The Spill airs on PBS at 9 pm ET.
The show’s correspondent is Martin Smith, one of the first to document who Osama bin Laden and Al Qaeda are and how they structured their network of operatives. He won an Emmy… Continue reading
Check out ProPublica.org’s article on the Coast Guard’s National Pollution Funds Center. In order to get money from the Coast Guard, an applicant must be rejected or have waited at least 90 days after applying without a decision from the BP fund. The Coast Guard fund has narrower eligibility guidelines and cannot issue settlements as large as the BP fund’s settlements.
Actor Kevin Costner invested $24 million in Ocean Therapy Solutions, a fleet of barges equipped with devices that use centrifuge to separate oil from ocean water. The ships act as first responders during a spill, cleaning water that skimmer ships have harvested. The biggest device can process about 210,000 gallons a day, according to Ocean Therapy.
BP bought such ships after its well exploded in April. If you want… Continue reading
Tomorrow, FNC’s interactive map of Gulf Coast property values will debut. You will be able to track property values in every zip code along the Gulf Coast since the BP oil spill occurred on April 20.
The map comes at an ideal time. Yesterday, White House appointee Kenneth Feinberg took the helm of BP as the oil spill czar to supervise the evaluation and payment of the 108,200 claims… Continue reading
Some of you have been voting for Gulf Coast charities in the Pepsi Refresh Project. Organizations range from grassroots efforts (like I Can Impact, Inc.’s home for foster children in Texas and Sharing & Caring Inc.’s Florida panhandle food pantry) to the epic (Children’s Volunteer Health Network providing free medical treatment for uninsured Florida kids and volunteers supplying food, school supplies and building materials to needy Gulf residents)… Continue reading
Louisiana Gulf Coast restaurateurs, fishermen and homeowners have lobbied Gov. Bobby Jindal to make sure any oil spill cleanup includes the oysters, shrimp, crab and fish that draw visitors to the region. Jindal announced at a press conference yesterday that BP agreed to pay $13 million for state wildlife and fisheries officials to monitor the oil spill’s possible effect on seafood.
He wants BP to set up a $173… Continue reading
Mississippi Attorney General Jim Hood is not happy with BP. The oil company has paid only 63% of the claims filed by Mississippi property owners and businesses who claim damage suffered by the oil spill.
It is unfortunate that, despite all its promises about taking care of our residents on the Coast, BP is still holding 6,050 actionable claims,” Attorney General Jim Hood told the Biloxi Sun Herald… Continue reading
It’s good news, so-so news for Florida after the oil spill. Pres. Barack Obama swam in the sapphire blue waters off Panama City with his daughter, hoping the picture perfect scene would reassure tourists. The Pensacola News Journal reports that property values in the Gulf Coast county have dipped, but not due the spill.
Appraisers crunched their numbers before the April 20 BP oil spill began. Escambia County’s total… Continue reading