Second Mortgages LinksTransUnion: 3Q mortgage delinquencies shoot higher - The Associated Press Smaller Mortgage Lenders See Opportunity in Turmoil - Wall Street Journal Mortgage rates fall for 2nd day; won't help all - The Associated Press Forget Citigroup and Lehman, Puppet Show Needs a Bailout - New York Times Higher Unemployment Will Continue To Strain Prime Borrowers - CNNMoney.com |
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Some Atlantic City casinos struggle to pay loans (AP via Yahoo! Finance)As millions of Americans are having problems paying their mortgages, so too are some Atlantic City casinos. Trump Entertainment Resorts became the second casino operator here to say it would not make a scheduled loan payment while it tries to work out new terms with its lenders. Read more...TransUnion: 3Q mortgage delinquencies shoot higher (AP via Yahoo! News)The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. Read more...Lorain City Council rejects LCCAA buyout (The Elyria Chronicle-Telegram)LORAIN — In a 6-4 vote Monday night, Lorain City Council rejected for a second time an ordinance that would have allowed the city to buy mortgages on two buildings owned by the Lorain County Community Action Agency for $450,000. Had the ordinance passed, the city would have purchased the mortgages from FH Partners, [...] Read more...Self-Employed Are Frozen Out of Mortgages (WallStreet Journal via Yahoo! Finance)The government's efforts to jump-start lending are bypassing the self-employed. Read more...Banks ‘must start lending mortgages again’ (icWales)PRESSURE on the banks to increase borrowing to homeowners and businesses increased last night with new figures suggesting mortgage lending had virtually ground to a halt. Read more... |
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