Utah’s Future still Uncertain, Local Help Around the Corner http://www.foreclosuredeals.com/wp/utahs-future... According to a recently released report, Salt Lake City came in at the seventh position when it came to cities with the most number of filings for foreclosures in the country.
Modified Mortgage Program Prevented 250,000 Foreclosed Homes http://www.eforeclosuremagazine.com/foreclosure... With delinquencies in mortgage payments and foreclosures on the rise, a New York bank decided to step up and assist customers having difficulties in payments by offering modifications in their mortgage program through adjustable rates.
Government Announces Much-Awaited Anti-Foreclosure Program http://www.findforeclosureproperties.com/blog/s... After concerns on the situation of the housing market increased, the US government has finally made its move to forestall the problems in foreclosure.
Citigroup Aims to Rework Thousands of Mortgages and Foreclosures http://www.findforeclosureproperties.com/blog/f... News of the housing market's economic temper may have gotten to the nerves of major banks. Citigroup Inc has now joined the ranks of lenders who have established programs to help their borrowers.
JP Morgan cuts India growth forecast, sees rate cuts http://www.indiarealestateblog.com/?p=2226... JPMorgan has cut its forecast for India’s economic growth in 2008/09 and 2009/10, it said in a note on Monday, adding that it expects aggressive rate cuts by the Reserve Bank to support the growth momentum.
The Indian economy may grow 6.7 percent in the year ending March 2009, JPMorgan said, down from its earlier forecast of 7 percent. The economy may grow 6.2 percent in 2009/10, down from its previous estimate of 6.8 percent, the bank said.
“The moderation in exports, small business output, and real estate related activity could crimp urban consumer spending as employment and household income growth slackens,”¯ JPMorgan said in the note.
Fights on Foreclosures Cannot Help Lift Stocks http://www.findforeclosureproperties.com/blog/f... The government has taken the initiatives to assist people in their foreclosures. But if the stock market would be the basis, the said initiatives are not just enough.
