Petraeus: Loans force families apart

Many military homeowners who saw their homes plummet in value in the financial crisis still can’t get relief from “under water” mortgages that leave families owing more to loan servicers than their homes are worth. The situation is especially difficult for the military where families must move every two to four years. Some affected members, […]

Disaster loans available for small, non-farm businesses

CNJ staff Small, non-farm businesses in Curry, Roosevelt and Quay counties can apply for low-interest disaster loans from the U.S. Small Business Administration, according to a news release from the SBA. Small non-farm businesses, small agricultural cooperatives and most private, non-profit organizations may qualify for Economic Injury Disaster Loans of up to $2 million. The […]

Press release: Low interest business loans for drought impact

WASHINGTON – U.S. Senator Jeff Bingaman announced today that the federal government is making low-interest loans available to small, nonfarm businesses in 21 New Mexico counties that were affected by drought and high winds that occurred April 1, 2009 through December 31, 2009.

Habitat for Humanity seeking director

CNJ staff Habitat for Humanity, which serves Curry and Roosevelt counties, is seeking a new executive director. Longtime director Joyce Davis has informed the board of directors she plans to step down from the role and remain on in a volunteer role, effective July 1. The executive director is the chief operating officer of the […]

Opinions mixed on new student loan law

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CNJ staff photo: Tony Bullocks Nicole Johnson of Clovis, a student at Clovis Community College, plans on going into the nursing program and will be using student aid and financial assistance to help her through school. By Clarence Plank: Freedom New Mexico A new law was signed Tuesday gives students a break with more money […]

Rural home loans available

Federal Government Funding Available For Home Loans in Rural New Mexico Albuquerque, NM, January 14, 2008 – USDA Rural Development State Director Ryan Gleason reminded rural New Mexicans that the agency he leads has financing for the Single Family Housing Guaranteed Loan Program (GRH) and other housing programs. In making the announcement, Gleason said, “While […]

Government aid will make housing problems worse

By Freedom New Mexico No one can now deny the obvious: The housing bubble, especially in high-priced real estate markets, has popped. New home sales are projected to fall nationwide to 805,000 this year, down 23 percent from 1.05 million last year, the National Association of Realtors has reported. If that happens, it would be […]

Cops and Courts: Clovis man held without bail for sixth DWI

By Sharna Johnson: CNJ staff writer A 42-year-old Clovis man remains in jail after being arrested June 10 for his sixth DWI, according to jail officials. Johnny Aragon is being held without bail for violating probation for an unrelated 2005 conviction. Aragon was pulled over driving a vehicle about 5 p.m. after he allegedly failed […]

Business Digest: Emergency loan deadline set

By Jean Verlich: CNJ news editor Farmers have until Dec. 2 to apply for low-interest emergency loans from the Department of Agriculture to help cover the cost of losses suffered from the March tornadoes, according to a news release from New Mexico’s legislators. President Bush declared a state of disaster on April 2 in Curry […]

It’s their business: Mesa Financial

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CNJ staff photo: Cortney Graham By Jean Verlich: CNJ news editor Name: Mesa Financial Location: 403 Pile St. What they do: Lending institution — make loans to purchase vehicles, personal loans, mortgages Who’s in charge: Jason Crume is the manager and partner. Employees: Two plus Crume How long in business: 10 years, moved in April […]

Many still suffering after tornado

By Sharna Johnson: Freedom Newspapers Much of the damage has been repaired in the two months since a tornado hopscotched through the city March 23. However, secondary concerns are beginning to surface, according to Erinn Burch, executive director of United Way of Eastern New Mexico. People who were able to find temporary lodging following the […]

Swift disaster declaration offers relief

Staff and wire reports President Bush declared a major disaster in Curry and Quay counties Monday because of tornado damage, making residents in those regions eligible for federal funds. Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses and other programs to help individuals and business owners […]

DMV employee accused of acquiring loans off fake IDs

By Sharna Johnson: CNJ Staff An employee with the Clovis office of the Motor Vehicle Division used duplicate driver’s licenses to take out fraudulent loans, according to allegations contained in court documents filed in Curry County Magistrate Court. Amy Ramirez-Trevino, a clerk at the MVD, and her now 18-year-old son took out bank loans locally […]

Military looking into payday lending system

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CNJ Staff Photo: Andy DeLisleGina Ricketson, manager of A&A Title & Check Loan, left, and assistant Donna Fredrickson, right, try to get in touch with a client behind on payments. Ricketson said the military are the business’ best customers. By Sharna Johnson: CNJ staff writer Concerns over payday loans have military leaders looking for legal […]

The battle for your buck

The lure of easy money is a temptation for some Airmen who then find themselves spiraling further into debt. Janet Taylor-Birkey Easy money often lures Airmen down road to financial nightmares (Editor’s note: This is the first of a three-part series about Airmen and their money) Signing on the dotted line can take on a […]

5/30 Business digest

Orbit activates wells in Roosevelt County Orbit Petroleum has activated seven oil and gas wells in its Chaveroo Field in Roosevelt County in the last month, bringing the company’s total active wells in New Mexico to 35, according to a news release from Orbit. Production increases will be reported after the wells are on for […]

Payday loans draw state’s interest

By Andy Jackson: CNJ staff writer The attorney general’s office is concerned about the lending practices of payday loan companies and is proposing stricter regulations. Payday loan advocates said the companies provide a valuable service and are already regulated. The attorney general’s office hosted a meeting Wednesday at the Clovis-Carver Public Library to discuss proposed […]

3/15 Business Digest

Southwest Cheese taking applications Southwest Cheese is beginning to hire key production personnel. Candidates should be interested in working in food production, have good communication skills, high work standards and be committed to a team where excellence is the standard, a press release from the company showed. “We aim to have a strong performance culture […]

Payday loan organizations prey on poor

by Ned Cantwell Before you know it, the New Mexico legislative season will be upon us. Our lawmakers, as usual, will spend 14 hours a day pondering weighty matters and making momentous decisions, like, should the Official State Pest be the wood-boring beetle or John Dendahl? That’s not fair. It’s not fair to John Dendahl, […]

Local Briefs 10/21

County commission to consider loans The Curry County Commission will consider authorizing loans for two volunteer fire departments at its regular meeting today. The commission will consider a $102,000 loan agreement with the Field Volunteer Fire Department and a $175,000 loan agreement with the Broadview Volunteer Department. In other business, the commission will consider designating […]