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ArchivesFormer Pennichuck Head FinedBy David Darman on Friday, December 17, 2004.The former head of the Pennichuck Corporation has agreed to pay 270,000 dollars as part of a settlement with federal and state securities regulators. Regulators have also banned him from ever again heading a corporation anywhere in the country. New Hampshire Public Radio's David Darman has more. listen: No audio currently available. Order on CD (pdf).
Mortgage Go-Betweens Snag NH ConsumersBy Amy Quinton on Friday, December 17, 2004.The financial services industry has found a growing market in consumers who have weak or bad credit. It's called the subprime market, and it's now the fastest growing part of the mortgage industry. But some of the companies servicing subprime loans have come under fire for deceptive, unfair, and illegal practices. Those practices may be easy for some companies to get away with because the laws that regulate mortgage servicers are vague. As New Hampshire Public Radio's Amy Quinton reports, the loopholes may cost one New Hampshire man his home. listen:
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