Interesting Personal Debt News Links (March 05, 2009)

March 5, 2009

* Colorado business bankruptcies jump 50% (Business Journal Portland)

Colorado business bankruptcy filings jumped almost 50 percent in 2008, according to data released Thursday by the Administrative Office of the U.S. Courts .

* Report: Mortgage woes mounted in Q4 2008

NEW YORK — A stunning 48 percent of the nation’s homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that’s not the worst of it, new data Thursday showed.

* Partner gets 7 years in mortgage fraud case (Rochelle Olson, Star Tribune)

A Greenwood man convicted in a $6 million suburban mortgage fraud scheme received the same seven-year prison sentence Wednesday as his codefendant, with a Hennepin County District judge agreeing to free both men on bail pending appeals.

* Mortgage woes break records again in 4Q

NEW YORK – A stunning 48 percent of the nation’s homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that’s not the worst of it, new data Thursday showed.

* Punish all who caused crash (Philadelphia Inquirer)

The Wall Street collapse that precipitated today’s economic crisis has many causes, from regulatory failures to recklessness and greed. But before Congress begins to write new rules, we must investigate any crimes that may have been committed, whether by local mortgage brokers or the biggest banks.

* Mortgage woes hit an all-time high

A stunning 48 percent of the nation’s homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that’s not the worst of it, new data Thursday showed.

* 12 pct. are behind on mortgage or in foreclosure (J.W. Elphinstone-)

In this Feb. 23, 2009 file photo,a foreclosure sign blows in the wind in front of a home under foreclosure in Antioch, Calif. Debt-strapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Obama’s housing rescue plan. The legislation is part of a broader housing package scheduled for a House vot…

* Mortgage woes break records again

NEW YORK — A stunning 48 percent of the nation’s homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that’s not the worst of it, new data Thursday showed.

* U.S. mortgage picture worsened in late 2008

NEW YORK A stunning 48 percent of the nation s homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure, and that s not the worst of it, new data released today showed.

* Florida tops nation for delinquent mortgages (San Antonio Business Journal)

Florida leads the nation in the number of homes delinquent or in foreclosure according to a fourth quarter survey by the Mortgage Bankers Association .

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