KC Fed offers foreclosure resources
With the number of home foreclosures rising nationally, the Federal Reserve Bank of Kansas City as collected several regional foreclosure resources to assist homeowners, lenders and community groups dealing with foreclosure issues across the Tenth Federal Reserve District.
The new Foreclosure Resource Center, which is accessible online via the Bank’s website at www.KansasCityFed.org, includes a schedule of upcoming local foreclosure mitigation events; links to consumer, lender and community group resources; and regulatory updates for financial institutions.
Visitors to the website can also review a series of reports the Bank has prepared analyzing subprime mortgage conditions in metro areas across the Tenth District, which includes Nebraska, Kansas, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.
Other features of the site include presentations and maps detailing local data on delinquency and foreclosure trends in the subprime market and access to a dynamic map that offers numerous tools for examining nonprime mortgage conditions throughout the United States.
The Federal Reserve Bank of Kansas City has a branch office in Omaha.
Powermate buyer reopen in Kearney
KEARNEY — The Italian company buying power equipment maker Powermate plans to reopen the Kearney plant.
Powermate filed for bankruptcy in March and closed its Kearney plant, eliminating about 200 jobs.
Pramac Industries agreed to buy Powermate in April. Jon Krebs, with the Buffalo County Economic Development Council, says Pramac wants to reopen the Kearney plant, which is owned by the city. But it’s not clear when that will happen because of the bankruptcy proceedings.
Krebs says Pramac plans to rebuild the output of the Kearney plant gradually, so the plant will likely not rehire 200 people when it opens.
Pramac is the world’s fifth-largest manufacturer of power generators. Its U.S. headquarters is in Marietta, Ga.
— From staff and wire reports
The new Foreclosure Resource Center, which is accessible online via the Bank’s website at www.KansasCityFed.org, includes a schedule of upcoming local foreclosure mitigation events; links to consumer, lender and community group resources; and regulatory updates for financial institutions.
Visitors to the website can also review a series of reports the Bank has prepared analyzing subprime mortgage conditions in metro areas across the Tenth District, which includes Nebraska, Kansas, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.
Other features of the site include presentations and maps detailing local data on delinquency and foreclosure trends in the subprime market and access to a dynamic map that offers numerous tools for examining nonprime mortgage conditions throughout the United States.
The Federal Reserve Bank of Kansas City has a branch office in Omaha.
Powermate buyer reopen in Kearney
KEARNEY — The Italian company buying power equipment maker Powermate plans to reopen the Kearney plant.
Powermate filed for bankruptcy in March and closed its Kearney plant, eliminating about 200 jobs.
Pramac Industries agreed to buy Powermate in April. Jon Krebs, with the Buffalo County Economic Development Council, says Pramac wants to reopen the Kearney plant, which is owned by the city. But it’s not clear when that will happen because of the bankruptcy proceedings.
Krebs says Pramac plans to rebuild the output of the Kearney plant gradually, so the plant will likely not rehire 200 people when it opens.
Pramac is the world’s fifth-largest manufacturer of power generators. Its U.S. headquarters is in Marietta, Ga.
— From staff and wire reports
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