World-News

Pentagon budget must rise to fund current plans

An average of $567 billion would be needed annually, in constant 2010 dollars, from 2011 to 2028, not including any war funding, the nonpartisan Congressional Budget Office estimated.

http://www.forbes.com/feeds/afx/2009/11/19/afx7141640.html



Problem mortgages hit new high at 14 percent

More than 14 percent of borrowers were in trouble on their mortgage during the third quarter, a new record, according to an industry survey released Thursday.

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/19/AR2009111903885.html



How many delinquencies are on new mortgages?

Mortgage delinquencies keep rising and are now occurring in a huge way among borrowers who had been rated good credit risks. Just about every category of mortgages gone bad hit a new record in the third quarter, according to the Mortgage Bankers Association.

http://snipurl.com/tc6st



New wave of foreclosures lurks as defaults pile up

Unless foreclosure modification efforts begin succeeding on a permanent basis - a scenario that many analysts think is unlikely - millions more foreclosed homes will come to market.

http://www.charlotteobserver.com/topstories/story/1065863.html



Banks face major commercial real estate storm

Sooner or later, office buildings and other commercial real estate financed during the credit bubble will generate hurricane-scale losses for banks.

http://www.reuters.com/article/email/idUSTRE5AH5FM20091118


From Information Clearing House



http://freepage.twoday.net/search?q=Congressional+Budget+Office
http://freepage.twoday.net/search?q=war+funding
http://freepage.twoday.net/search?q=bubble
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=real+estate