Interesting Personal Debt News Links (February 24, 2009)

February 24, 2009

* Opening Statements Given in McCafferty Trial (WKRC)

Prosecutors and defense attorneys have finished giving their opening statement in the murder trial of a Fort Thomas woman accused of killing her husband while he slept.

* Judge Kent pleads guilty, quits to avoid ’embarrassing’ trial (Houston Chronicle)

1986: U.S. District Judge Harry E. Claiborne, Nevada, impeached and removed from office for income tax evasion.

* With Web-based security, your walls have multiple eyes (Aldo Svaldi)

filings in the state last year, compared with 39,915 in 2007. The number of “completed” foreclosures that went to auction fell from 25,320 in 2007 to 21,301 in 2008.

* Bernanke: economy suffering ‘severe contraction’ (Jeannine Aversa-)

WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe contraction” and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs.

* ComScore: Web searches spike for ‘unemployment benefits,’ ‘mortgage,’ ‘bankruptcy’ (Nashville Business Journal)

ComScore , a Virginia-based company that tracks Internet traffic, says that the faltering economy has sparked a surge in Web searches for phrases such as “unemployment benefits” and “bankruptcy.”

* Mortgage approvals rise in January (Telegraph)

Approvals rose 4pc from 22,416 in December, the British Banking Association (BBA) said on Tuesday, but remained 43pc lower than the same period a year earlier.

* Radian narrows 4Q loss to $250.4M

Mortgage insurer Radian Group Inc. said today that its fourth-quarter loss narrowed as it reduced its exposure to risky investments and its losses from derivatives decreased.

* Survey: Homewowner associations beset by foreclosures (Houston Business Journal)

Florida homeowner and condo associations are struggling more and more with foreclosures, vacancies and bank refusals to cover unpaid fees, a survey by law firm Becker & Poliakoff found.

* Living On ‘Foreclosure Ave.’ (CBS News)

By far Mr Obama has done so much for this nation “not his buddies” in such a short time than Mr Bush and Mr Cheney in the last eight years.

* New mortgages fall by 43% in a year as two-thirds of lenders refuse to pass on interest rate cut (The Daily Mail)

The number of mortgages approved for house purchase rose slightly during January but lending levels continued to fall, figures showed today.

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