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Kentucky mortgage recording lawsuit favors banks after appeal
July 21, 2015

U.S. mortgage lenders did not violate Kentucky state law by failing to record the transfer of mortgage loans in county land records, a federal appeals court ruled in the latest win for major banks sued over their mortgage recording practices.

In a decision on Thursday, a three-judge panel found that a U.S. district court erred last year in finding that homeowners could pursue claims against lenders for transferring mortgage loans without documenting the transactions with Kentucky's county clerks. The homeowners are represented by law firms Miller Griffin & Marks and Atkinson Simms & Kermode. Read More

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Kentucky's jobless rate at 5.1 percent in June 2015
July 17, 2015

Kentucky’s preliminary June unemployment rate dipped to a seasonally adjusted 5.1 percent from a revised 5.2 percent in May 2015, and remained below the national rate, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

The state rate in June 2015 was 1.4 percentage points below the 6.5 percent rate recorded in June 2014.

The U.S. seasonally adjusted jobless rate in June 2015 fell to 5.3 percent from 5.5 percent in May 2015, according to the U.S. Department of Labor. 

Labor force statistics, including the unemployment rate, are based on estimates from the Current Population Survey of households. It is designed to measure trends rather than to count the actual number of people working. It includes jobs in agriculture and those classified as self-employed.

In June 2015, Kentucky’s civilian labor force was 1,979,652, a decline of 16,012 individuals compared to the previous month. Employment was down by 14,335, and the number of unemployed decreased by 1,677. Read More

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7 home improvements that increase resale value
July 2, 2015

Curb appeal is everything when it comes to selling your home, and that means your home’s exterior needs to be in optimal condition. In fact, 71 percent of prospective home buyers say that a home’s curb appeal is an important factor in their buying decision. This infographic from LawnStarter shows seven exterior home improvements that can increase resale value and help sell your home even faster. Read More

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