A new report, released by Georgia Watch and Consumer Federation of America, finds that Georgia families will continue to spend an extra $450 per year on their energy bills if strong energy efficiency policies are not incorporated into the climate and energy legislation before Congress. The report shows that robust state and federal energy efficiency policies could dramatically reduce energy consumption and save Georgians money on their energy bills every year. Read the rest of this entry »

The Mortgage Bankers Association released their 2009 4Q mortgage loan delinquency rates last week. The report finds that of Georgia’s 1,654,728 mortgage holders, 17.1 percent are delinquent or in foreclosure. Additionally, 41.38 percent of the state’s mortgage holders with subprime loans were delinquent or in foreclosure at the end of 2009, as compared to 11.68 percent of those with prime loans. Read the rest of this entry »

By David Markiewicz, Atlanta Journal-Constitution, February 21, 2010
The state Public Service Commission is scheduled to hold public hearings Monday and Tuesday in Georgia Power’s fuel cost recovery case.
If the utility gets what it’s asking — $3.9 billion to cover its cost of coal, natural gas and nuclear fuel for the next 14 months, plus $683 million in under-recovered past costs — the typical residential customer will pay nearly $7 more each month on his electric bill.more

The Road to Reform, the second installment of a two-part series on Georgia’s current foreclosure crisis. As a follow-up to The Rippling Effects of Foreclosure released in January 2010, the report details previously enacted reforms in our state; amended fair lending acts in New York and North Carolina; and Senate Bill 57, pending legislation that would implement common-sense underwriting standards in Georgia and combat hazardous lending. Read the rest of this entry »