Interesting Personal Debt News Links (March 16, 2009)

March 16, 2009

* Survey: Jobless worries triple (San Antonio Business Journal)

A new CNN/Opinion Research Corp. survey finds worries about unemployment have almost tripled during the past year.

* Rhode Island tops nation in mortgage fraud (Providence Journal)

Rhode Island has displaced Florida as the state leading the nation in mortgage fraud, according to a report made public this afternoon by the Mortgage Asset Research Institute.

* Survey: Unemployment worries have tripled in past year (Business Journal Charlotte)

A new CNN/Opinion Research Corp. survey finds worries about unemployment have nearly tripled over the past year.

* Mortgage fraud at an all-time high (Catherine Clifford, Money)

NEW YORK ( — The number of reported incidents of mortgage fraud has reached an all-time high even as the number of home loans being issued has shrunk, according to a report released Monday.

* Business failures to jump to 36000 (Amy Wilson, Telegraph)

And the level of failures, up from 22,600 in 2008, is expected to worses in 2010, as the harshest effects of the recession filter through, according to accountancy firm BDO Stoy Hayward. Business failures will rise to 39,000 next year, the report shows.


More than 200 people suffered surprise layoffs from Brooklyn’s Brookdale Hospital today, sparking fears that the medical facility is on life support and could be closing soon.

* Dont file away tax problems for later (Green Bay Press-Gazette)

You’ve lost your job and your mortgage company is threatening foreclosure. Then, when it seems that things can’t get any worse, the tax man comes calling. What’s a person to do?

* AIG names firms that got bailout cash (E. Scott Reckard, Los Angeles Times)

“There are a lot of terrible things that have happened in the last 18 months, but what’s happened at AIG is the most outrageous,” Lawrence H. Summers, Obama’s top economic advisor, said on CBS’ “Face the Nation.”

* Tide turns against schools as foreclosures rise (USA Today)

A USA TODAY analysis identified several school districts across the nation that could be financially vulnerable because of how home foreclosures have affected their area. They rely significantly on property-tax dollars for funding and are in areas with higher-than-average rates of home foreclosures:

* Lehman Brothers Sues ENG (Arkansas Business)

Lehman Brothers Holdings Inc. of New York, which filed for Chapter 11 bankruptcy protection in September, is attempting to collect on some defaulted mortgage loans it bought from originators at mortgage companies and banks.


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