World-News

Jenifer B. McKim, The Boston Globe: "Mortgage lenders don't try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study released yesterday by the Federal Reserve Bank of Boston concludes."

http://www.truthout.org/070709S?n

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Delinquencies on U.S. Home-Equity Loans Reach Record

Late payments on home-equity loans rose to a record in the first quarter as 18 straight months of job losses and a slumping economy left more borrowers unable to pay their debts, the American Bankers Association reported.

http://www.bloomberg.com/apps/news?pid=20601087&sid=axMDObJEk6eA



Consumer loan delinquencies rise to record high

The number of people delinquent on their loans rose to a record high in the first quarter, according to the American Bankers Association.

http://www.bizjournals.com/philadelphia/stories/2009/07/06/daily18.html



California Hotel Foreclosures Double in Last Three Months

The number of California hotels in default or foreclosed on has jumped 125% in the last 60 days. The state now has 31 hotels that have been foreclosed on and 175 in default.

http://snipurl.com/mbe9m


From Information Clearing House



http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=borrowers
http://freepage.twoday.net/search?q=consumer+loan
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=delinquencies
http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=Jenifer+B.+McKim