The loan blog

As Foreclosures Continue …New York TimesSince a combination of joblessness and underwater loans is the main driver of foreclosure, Nevadans are clearly at high risk of losing their homes, …and more »

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FDIC Auctions Overdue Loans of Silverton, New Frontier, IndyMacBusinessWeekMarch 1 (Bloomberg) — IndyMac Bank, Silverton Bank and New Frontier Bank are among 19 lenders contributing overdue loans…and more »

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Tips for Choosing the Right Mortgage CompanyBestCashCow.com (blog)There are many mortgage companies to choose from. How do you know which one is the right one for you? Taking advantage of the current mortgage rates and the …Announcing The Secret to Getting The Best Mortgage DealsI-Newswire.com (press release)all 3 news articles »

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Bernanke Makes Two-Year Treasury Notes Sweetest SpotBusinessWeekThe average due date dropped to a 26-year low of 49 months at the end of 2008 after the US sold $1.9 trillion of short-term securities during the credit …and more »

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Credit unions: Lift cap on small-business loansUSA TodayCredit unions say the economic downturn presents their best opportunity yet to persuade lawmakers to raise a federal limit on their business loans. …and more »

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Payday lenders giving advances on unemployment checksLos Angeles TimesCritics say the high fees that come with the loans send the jobless into a cycle of debt. The industry sees it as a service for people in need. …Cash Doctors Australia Extends $2 Payday Loans Offer Indefinitely Due To A …PR Web (press release)Cracking down on [...]

Coming Commercial Real Estate Crisis; 3000 Community Banks at RiskVeterans Today NetworkWarren said that half of commercial real estate mortgages will be underwater by the beginning of 2011. A fifth of residential mortgages are underwater now, …and more »

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Underwater Mortgages Continue To RisePhiladelphia BulletinFirst American CoreLogic reported today that more than 11.3 million, or 24 percent, of all residential properties with mortgages were in negative equity at …and more »

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Builders Settle for Jobs as Loans Dry UpWall Street JournalThe builders traditionally got loans from banks to build homes, but that credit has largely dried up. The contract work builders are getting is welcome as …and more »

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TopNews United States

Freddie to snub exotic home loansFinancial TimesThe loans are known as interest-only mortgages because, for a specified period of time, borrowers just make interest payments as opposed to paying the …Freddie Mac Abandons Ship on Interest-Only LoansWall Street Journal (blog)Freddie Mac's, Fannie Mae's behavior is the same as predatory lendersZanesville Times RecorderFannie to [...]