Yearly Archives: 2014

An Alabama real estate investor pleaded guilty yesterday for his role in a conspiracy to commit mail fraud related to public real estate foreclosure auctions held in southern Alabama, the Department of Justice announced today.

As recovery continues from the April 28 to May 5 severe storms, tornadoes, straight-line winds and flooding that hit Alabama, federal officials are offering help on how to rebuild “stronger and safer” for the next disaster

U.S. Senator Richard Shelby (R-Ala.), senior member of the Senate Committee on Banking, Housing and Urban Affairs, today stressed the need for housing finance reform but detailed his opposition to related legislation under consideration by the committee. Shelby pointed out that the proposed bill would greatly expand and further complicate the role of government in housing markets, empowering a new super-regulator with the same authorities used to bail out Wall Street and putting taxpayers on the hook for trillions of dollars of liability. In doing so, Shelby strongly challenged the assertion that the legislation is the best way to move beyond the unacceptable status quo. Excerpts of Shelby’s statement are below in bold, followed by the full text of his prepared remarks

Today, U.S. Congressman Mo Brooks (AL-05) commended the Tennessee Valley Authority’s announcement that it will work with a newly created Alabama state board, legislators and local officials to find a long-term funding solution to manage invasive aquatic weeds in residential and commercial areas of Guntersville Reservoir. According to TVA’s release, “If the stakeholder group of homeowners, anglers, environmentalists and state and local agencies agrees to reinstate a Guntersville weed management plan, TVA will provide short-term funding to treat weeds in residential and commercial areas for six years beginning this summer.