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."
https://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.
https://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.
https://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.
https://snipurl.com/mbe9m
From Information Clearing House
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=borrowers
https://freepage.twoday.net/search?q=consumer+loan
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=foreclosure
https://freepage.twoday.net/search?q=delinquencies
https://freepage.twoday.net/search?q=job+loss
https://freepage.twoday.net/search?q=Jenifer+B.+McKim
