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Foreclosures Accelerate To Fastest Pace In Almost Three Decades - Los Angeles Times
foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more americans to walk away from homes they couldn't refinance or sell. new foreclosures increased ...
www.latimes.com

North Carolina Allows Chowan County To refinance Loans
by connie sage the state local government commission has approved chowan county's request to refinance two loans, giving the fiscally ailing county breathing room to begin replenishing its nearly empty coffers.
hamptonroads.com

Report Says 3.1 Percent Of Conn. Mortgages Overdue
connecticut's rate of mortgage foreclosures and seriously delinquent home loans has reached its highest level on record for at least the past several decades, according to a new report.
www.boston.com

Troubles Spread To Prime Md. Mortgages - Baltimore Sun
the share of maryland homeowners behind on their prime mortgages shot past 4 percent for the first time this spring, a sign that loan troubles are spreading beyond borrowers with shaky credit. more than 36,000 prime loans in maryland were delinquent ...
www.baltimoresun.com

Foreclosures Rose In U.s., But Delinquencies Eased In Quarter - International Herald Tribune
home foreclosures in the united states hit another record in the second quarter, but in a sign of improvement, the number of borrowers falling behind on payments dropped for the first time in more than two years, according to a report released friday ...
www.iht.com

Make Sure It's Best Time To Refinance
there are many benefits to refinancing your home, the biggest one being a cut in your monthly payments.
www.thisweeknews.com

Home Loan Troubles Break Records Again
the source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
news.yahoo.com

State Agencies Get Creative On Student Loans - Inside Higher Ed
as various lenders and some of its peers in other states announced in recent months that they would stop making federal or private loans because of disruptions in the capital markets, the illinois student assistance commission steadfastly held firm ...
www.insidehighered.com

Expert Group, Inc. Opens September With Over $8 Million In Loan ... - Msn Moneycentral
expert group, inc. (pinksheets: expt) is pleased to announce that the company opens september with over $8 million in loan originations. expert group has been experiencing a growth in mortgage applications mainly with fha and commercial loans. loan ...
news.moneycentral.msn.com

3.1 Percent State Mortgages Overdue
hartford (ap) -- connecticut's rate of mortgage foreclosures and seriously delinquent home loans has reached its highest level on record for at least the past several decades, according to a new
www.connpost.com

U.s. Mortgage Foreclosures, Delinquencies Reach Highs (update3)
sept. 5 (bloomberg) -- foreclosures accelerated to the fastest pace in almost three decades during the second quarter as interest rates increased and home values fell, prompting more americans to walk away from homes they couldn't refinance or sell.
www.bloomberg.com

Navy Federal Slashes Mortgage Rates - Forbes
5.625% 30-year fixed mortgage up to $730k vienna, va., sept. 4 /prnewswire-usnewswire/ -- effective immediately, navy federal credit union is now offering its members some of the lowest rates nationwide for a wide range of mortgage products. for ...
www.forbes.com

U.s. Must Buy Assets To Prevent `tsunami,' Gross Says (update3) - Bloomberg
sept. 4 (bloomberg) -- the u.s. government needs to start using more of its money to support markets to stem a burgeoning ``financial tsunami,'' according to bill gross , manager of the world's biggest bond fund. banks, securities firms and hedge ...
www.bloomberg.com

Outside Brokers Make Calls For Bank
in its effort to shed troubled pick-a-payment mortgage loans, wachovia corp. is turning to outside brokers for help contacting customers about refinancing options, sources have told the observer. the use of brokers gives the charlotte bank another way to reach more than 500,000 customers about the possibility of converting their pick-a-pay loans into traditional mortgages. wachovia, which is ...
www.charlotteobserver.com

Foreclosures In Connecticut, Nation At Record Rate
as the subprime lending crisis continues to unfold, the rate of foreclosures and seriously delinquent home loans has reached its highest level on record for connecticut and the nation as a whole.
www.courant.com

Foreclosures Accelerate To Fastest Pace In Almost Three Decades - Los Angeles Times
foreclosures accelerated in the second quarter to the fastest pace in almost three decades as interest rates increased and home values fell, prompting more americans to walk away from homes they couldn't refinance or sell. new foreclosures increased ...
www.latimes.com

Spain's Colonial Reaches Deal With Main Creditors - Forbes
madrid, sept 4 (reuters) - colonial's foreign creditors have agreed to refinance 6.1 billion euros ($8.86 billion) of debt but the spanish developer is still talking to domestic banks over a further 1.48 billion of loans, a company source told ...
www.forbes.com

Around The Nation
former federal reserve chairman paul volcker said the u.s. financial system, dependent upon securitization rather than traditional bank loans, is broken.
www.chron.com

Home Loan Troubles Break Records Again
washington - the source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who
www.theday.com

Pick-a-payment Loans Turn Poisonous - Cnn Money
new york (cnnmoney.com) -- they're known as "pick-a-payment" mortgages or option arms, but their detractors call them pure poison. now their default rates, which are already high, are about to explode, according to a fitch ratings report issued ...
money.cnn.com