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Mortgage lenders vs. banks: Which is best for you?

Published Mon, 23 Dec 2024 14:22:37 GMT

TJ Porter | Bankrate.com (TNS)Unless it’s an all-cash deal, most homebuyers turn to a mortgage to purchase property. There are many financial institutions that offer mortgages, including banks and independent organizations. Each has pros and cons.What’s the difference between a mortgage lender and a bank?A bank is a depository institution that typically offers various financial services, such as banking accounts, various types of loans — including mortgages — investing services and more. In contrast, mortgage lenders focus specifically on home loans for purchases and refinances, and some offer home equity products.Aside from the differences in product slate, banks often have more overhead to support branch locations (versus a mortgage lender that operates solely online, for example) and sometimes stricter compliance requirements. This can mean that their mortgages are more expensive in terms of interest rate, fees or both and might take longer to approve.On the flip side, mortgage l...

Revolution place Bruce Arena on administrative leave

Published Mon, 23 Dec 2024 14:22:37 GMT

Veteran New England Revolution coach Bruce Arena has been placed on administrative leave by the team.The team released a statement Tuesday: “The New England Revolution organization has placed Coach Arena on administrative leave as a result of an ongoing investigation being conducted by Major League Soccer into allegations of insensitive and inappropriate remarks. The organization takes any allegations of workplace misconduct extremely seriously and is working closely with the League and fully cooperating with its investigation.”

New York ‘reinforcements’ were necessary to support current MBTA employees, GM says

Published Mon, 23 Dec 2024 14:22:37 GMT

MBTA employees who worked at the agency before a new general manager was installed by the Healey administration had “so many things on their plate” that outside hires with roots in New York were necessary, the head of the transit agency said Tuesday.MBTA General Manager Phillip Eng defended his decision to bring on four out-of-state transit veterans to manage stations, engineering and capital, infrastructure, and operations and safety. The four men have all served at one point in their careers in New York-based transportation roles and their combined pay in Massachusetts is nearly $800,000 a year.Current employees have “tremendous” institutional knowledge, Eng said during an interview with WBUR host Tiziana Dearing.“What I saw, though, was that they have so many things on their plate that we needed to bring in reinforcements to support the team that’s there,” Eng said when asked to respond to a Boston Herald columnist who questioned his hiring decisions. “This is not replacing...

Ana Castillo’s new book makes you see stories everywhere. Or maybe they’re ghosts.

Published Mon, 23 Dec 2024 14:22:37 GMT

By Christopher Borrelli, Chicago TribuneAna Castillo reclined on the off-white gallery chair and I apologized for looking like a slob, but where I had to be next required more informal clothing, and so, I apologized —“For not dressing professionally?”Yeah, I laughed nervously, I’m driving to —“A baseball game?”She didn’t laugh but smiled flatly and I couldn’t tell if she was insulted or joking or not joking but kind of joking. I never do know. She wore white pants stylishly frayed at the cuffs and a white sweater beneath a denim jacket embroidered elegantly on the sleeves, a piece from a Spanish designer, but Castillo is not the type to give plugs and decides not to spill the label.I’ve never entirely gotten a handle on Ana Castillo. Though, to be fair, who has? One of Chicago’s best living writers (and a 2022 inductee of the Chicago Literary Hall of Fame), she’s often mentioned in the same breath as that other great Chicana writer from Chicago, Sandra Cisneros. She writes haunting ...

USDA declares disaster in seven Massachusetts counties after heavy rains, floods

Published Mon, 23 Dec 2024 14:22:37 GMT

Federal agriculture officials declared a natural disaster in seven Massachusetts counties where farmers are still recovering from heavy rains and floods last month that caused at least $15 million in damages across 2,700 acres, the Healey administration said Tuesday afternoon.The declaration from the U.S. Department of Agriculture immediately opens up low-interest loans and the option to refinance existing loans for farmers that experienced losses caused by excessive rain and flooding from July 9 through July 16.A disaster was declared in Berkshire, Bristol, Franklin, Hampden, Hampshire, Norfolk, and Worcester Counties. Bordering counties — Dukes, Middlesex, Plymouth, and Suffolk — are also eligible for the loans, including those in Connecticut, New Hampshire, New York, Rhode Island, and Vermont. More information is available online.Farmers in Massachusetts “should know that their government has their backs,” Gov. Maura Healey said.“Our administration is committed to using every opt...

Judge won’t dismiss charges against movie armorer in fatal shooting by Alec Baldwin on film set

Published Mon, 23 Dec 2024 14:22:37 GMT

SANTA FE, N.M. (AP) — A New Mexico judge told attorneys to “stay the course” on charges including involuntary manslaughter against a movie weapons supervisor in the 2021 shooting death of a cinematographer by Alec Baldwin during a rehearsal for the film “Rust,” rejecting on Tuesday a request from defense counsel to dismiss charges.The online ruling from Judge Mary Marlowe Sommer sets the stage for lengthy evidentiary hearings, starting next week, on manslaughter and evidence-tampering charges against movie armorer Hannah Gutierrez-Reed. She is the sole remaining defendant in the fatal shooting of cinematographer Halyna Hutchins during the filming of “Rust” on Oct. 21, 2021. In April, prosecutors dropped charges against Baldwin, who was pointing a gun at Hutchins when it went off, killing her and injuring director Joel Souza. This left Gutierrez-Reed as the sole remaining defendant in the case. If convicted, she faces up to three years in prison.An attorney for Gutierrez-Reed argued ...

Vintage computer that helped launch the Apple empire is being sold at auction

Published Mon, 23 Dec 2024 14:22:37 GMT

BOSTON (AP) — A vintage Apple computer signed by company co-founder Steve Wozniak is being sold at auction.The Apple-1 set in motion the company that in June became the first publicly traded business to close a trading day with a $3 trillion market value, according to RR Auction in Boston. The computer has been restored to a fully operational state and comes with a custom-built case with a built-in keyboard, the agency said.The computer, which originally sold for about $666, is expected to sell for about $200,000 at an auction that runs through Aug. 24. An Apple-1 prototype sold last year for nearly $700,000.About 200 were manufactured in Steve Jobs’ garage in Los Altos, California, in 1976 and 1977 and about 175 of them were sold, RR’s Executive Vice President Bobby Livingston said. “It is the legendary computer that launched Apple,” he said.Jobs approached Paul Terrell, owner of The Byte Shop in Mountain View, California, and he agreed to buy 50 Apple-1 computers...

Maine’s biggest newspaper group is now a nonprofit under the National Trust for Local News

Published Mon, 23 Dec 2024 14:22:37 GMT

PORTLAND, Maine (AP) — The largest newspaper group in Maine is becoming a nonprofit with Tuesday’s completion of the sale of more than 20 daily and weekly newspapers, including the Portland Press Herald.The National Trust for Local News, which already owns two dozen newspapers in Colorado, is expanding its portfolio through the purchase of five daily newspapers and 17 weekly newspapers that were part of Masthead Maine. Former Masthead owner Reade Brower retained ownership of several weeklies that weren’t part of the deal.Terms of the transaction, which closed Tuesday, were not disclosed.The newspapers will now fall under the umbrella of the Maine Trust for Local News.The deal, which covers all of the state’s daily newspapers except the Bangor Daily News, represents a trend toward a nonprofit business model as newspapers continue to struggle.“I wouldn’t say it’s sweeping the country but we’re seeing this trend. And it’s a healthy one. Commercial news organizations a...

Suspected militant attack in Yemen kills 5 troops loyal to secessionist group, spokesperson says

Published Mon, 23 Dec 2024 14:22:37 GMT

SANAA, Yemen (AP) — A suspected militant attack early Tuesday in southern Yemen killed at least five troops loyal to a secessionist group, in the latest such assault blamed on an affiliate of al-Qaida, a military spokesman said.The attack took place in Wadi Omran in Abyan province and also wounded four troops from the Southern Armed Forces, which is loyal to the secessionist Southern Transitional Council, spokesman Mohammed al-Naqib said in a statement.The separatist council is backed by the United Arab Emirates and controls much of Yemen’s south. It is at odds with the internationally recognized government.Al-Naqib said suspected militants attacked their forces using mortars and rocket-propelled grenades. He said their forces were chasing the assailants, who fled to a mountainous area between Abyan and neighboring Bayda province.No group claimed responsibility for the ambushBut according to two security officials and a tribal leader, the attack was carried out by al-Qaeda militants...

Recreational marijuana is now legal in Minnesota but the state is still working out retail sales

Published Mon, 23 Dec 2024 14:22:37 GMT

MINNEAPOLIS (AP) — Minnesota’s legalization of recreational marijuana went into effect Tuesday, allowing people 21 and older to legally possess and grow their own marijuana for recreational purposes, subject to limits as the state establishes a legal cannabis industry in the coming months and years. The midwestern state is the 23rd in the country to legalize recreational marijuana. Surrounding states — including Wisconsin, Iowa, Nebraska, South Dakota and North Dakota – have not yet legalized it. At least two tribal nations in northwestern Minnesota are expected to open dispensaries for recreational marijuana this month. The Red Lake Nation and the White Earth Nation are using their tribal sovereignty to allow sales. But most other businesses aren’t expected to sell legal recreational marijuana until early 2025, as the state sets up a licensing and regulatory system for the new industry. Dennis Buchanan, who owns The THC Joint in Minneapolis and two other cannabis-relate...