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Scituate Federal Savings Bank Uses InterFirstlink to Expand Mortgage Program Coast to Coast (PR Newswire via Yahoo! Finance)   The Financial Institutions Group of InterFirst Wholesale Mortgage Lending, a division of ABN AMRO Mortgage Group, recently provided Scituate Federal Savings Bank with technology that enables the bank to


Let Access Help You Get Back on the Right Financial Track  IF YOU are a homeowner looking to raise cash in a hurry, then check out Access Loans & Mortgages Access is a Scottish-based secured lending broker that has been established


Business Digest: Mortgage customer data vanishes on way to Texas (Austin American-Statesman)  FINANCIAL SERVICES Mortgage customer data vanishes on way to Texas CHICAGO ? A subsidiary of LaSalle Bank Corp. said Friday that a tape containing the information of about 2


Thornburg Mortgage 1Q Earnings Rise (AP via Yahoo! Finance)   Mortgage lender Thornburg Mortgage Inc. on Tuesday reported higher first-quarter earnings, helped by tighter spreads and rising rates.read more...


Lenders' Workout Programs Offer Help for Borrowers in Trouble  Whether it's from a job loss, medical emergency mortgage-payment hike or simply personal-finance mismanagement, a small but growing number of homeowners are falling into foreclosure every year.read more...


Outfitting a loft overlooking the Hudson  "It helps with prospective tenants, with their imagination. We knew it would help tenants see the space at its full potential." Ada Gonzalez has a winning way with design.

December 31st, 2007

Nov. mortgage defaults hit high (Daily Press)

Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group. Defaults, defined as loans 60 or more days late, rose in November to more than 61,000 industrywide, up 35 percent from the same month a year earlier, according to the Mortgage Insurance Companies of America. It was the highest monthly number since May 1999, when …

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