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Financial Services

BofA halts foreclosure sales in 50 states

Bank of America Corp., the nation’s largest bank, said Friday it would stop sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. A week earlier, the company had said it would only stop ...

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Four Idaho banks hang on to federal TARP money (access required)

Leaders from the four Idaho-based banks that took money from the federal government as part of the $700 billion financial rescue of 2008 say they’re not ready to give it back. The four banks received a combined $62 million as ...

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Statewide university incubator fund ready to launch (access required)

The State Board of Education is gearing up to create a $333,000 annual fund that university researchers could tap to turn their ideas into businesses. The governor-appointed Idaho Innovation Council endorsed the idea of a two-year pilot project during its quarterly meeting on Sept. 30. ...

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Small Business Job Act draws mixed reviews (access required)

One Idaho small-business lobbyist is not sold on the new Small Business Jobs Act. “It’s a mixed bag for businesses,” said Suzanne Budge, Idaho director of the National Federation of Independent Business. “While there are some tax provisions that are helpful ...

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Feds remove order from Sterling Savings Bank (access required)

Sterling Savings Bank officially shook off an order by state and federal regulators Sept. 27 about a month after the bank completed a $730 million recapitalization effort. The Federal Deposit Insurance Corp. and Washington Department of Financial Institutions terminated a ...

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Highway 12 invests in crowdsourcing platform (access required)

Boise-based Highway 12 Ventures is betting on a company that aims to help news websites, blogs and other online venues pull content from larger networks of writers. Highway 12, the only venture capital fund based in Idaho, joined with other ...

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Federal gov’t sends $5M in housing help to Idaho

The federal government is sending an additional $5 million to Idaho to help neighborhoods hurt by the foreclosure crisis. U.S. Housing and Urban Development Secretary Shaun Donovan announced the additional funding Sept. 8 to help communities acquire foreclosed properties for ...

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