House approves mortgage insurance limits

Article Abstract:

The House of Representatives has approved a bill mandating creditors to cancel private mortgage insurance coverage after homeowners have earned sufficient equity in their houses to keep at its lowest the risk of default. Under the proposed law, mortgage lenders must end any insurance coverage after the borrower pays 22% of the loan value. Application for cancellation of the insurance is also allowed after the borrower pays 20% of the loan value. While eight states have already passed legislation regulating the mortgage-insurance business, the proposed law mandates that the stronger law, whether state or federal, shall apply.

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House of Rep passes bill ordering creditors to cancel private mortgage insurance after borrowers pays 22% of loan value

Author: Hess, David
Administration of Housing Programs, Mortgage Financing & Insurance, Mortgages, Article

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N.J. firm hopes to license talking pill bottles: The voice device would tell the reading impaired what the medication is and how to take it properly

Article Abstract:

iVoice Inc. of Matawan is developing a miniature computer chip and speaker system that fits on the bottom of a prescription bottle which when pressed would tell the reading-impaired what the medication and how to take it properly. The information would be loaded into the computer chip using software at the pharmacy.

Author: Johnson, Linda A.
Prepackaged software, Innovations, Computer software industry, Software industry, Drugs, Technology application, Medicine bottles, Pharmaceutical containers, iVoice Inc.

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Camden foes of pollution win ruling

Article Abstract:

A federal judge ruled that the civil rights of New Jersey residents would be violated if a cement factory were allowed to operate in the already polluted Camden area. St. Lawrence Cement Co. will not be moving to Camden.

Author: Van Sant, Will
Cement, hydraulic, Cement, Cement Manufacturing, Brief Article, St. Lawrence Cement Corp.

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Subjects list: United States, New Jersey
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