Oct 23 2009
Debt Burden Britons Turn to Sensible Strategies to Restore Financial Balance
Cash strapped Britons are finding themselves further in debt according to findings from recent surveys undertaken by the credit industry as part of their attempts to determine why so many citizens of the UK are struggling financially. A credit boom in the 1990s during much more economically stable times allowed far more borrowers in the [...]
Dec 29 2008
Dubious accounting undermines aid for U.S. homeowners
With U.S. home prices in free fall and mortgage delinquencies mounting, pressure to modify troubled loans is ratcheting up.
But lawyers who represent candidates for modifications say the programs are hobbled by the complexity of securitization pools that hold the loans, as well as by uncertainty about who actually owns the notes underlying the mortgages.
Problems often [...]