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Rate of Delinquent Mortgages Hits Record (Washington Post)
The share of mortgage borrowers who fell behind on their payments or lapsed into foreclosure climbed to a record 9 percent in the second quarter as problems spread to borrowers with good credit, the Mortgage Bankers Association reported yesterday.
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Credit crunch 'to last into 2010' (BBC News)
The credit crunch is likely to last another 18 months, the head of the UK's largest mortgage provider warns.
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Credit crunch to last another 18 months (Times Online)
The credit crunch could last another 18 months, with the property market to remain stagnant until 2010, a leading British mortgage provider warned today.
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'Credit Slump For 18 More Months' (SkyNews via Yahoo! UK & Ireland News)
The credit crunch could last another 18 months, the head of Britain's largest mortgage provider has warned.
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Credit crunch could last 18 months (ITV.com)
The credit crunch could last another 18 months, the head of Britain's largest mortgage provider has said.
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Mortgage Woes Corralling Those With Good Credit (The Tampa Tribune)
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
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Credit unions 'weather the storm' (Bradenton Herald)
While banks continue to get whipped around by the credit storm, credit unions for the most part are enjoying a comfortable spot out of the path of the headwinds.
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The debt capitals of America (rediff.com)
Consumer credit problems are a worry across the U.S. these days. In these 10 cities it's a crisis
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Coroner fears the credit crunch will see more suicides after father hangs himself over debts (icWales)
A CORONER said he expects the credit crunch to lead to more suicides, after a father-of-two killed himself because he couldn’t keep up with mortgage payments.
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Nation's jobless rate tops 6 percent for first time in five years (The Star-Ledger)
WASHINGTON - The nation's unemployment rate jumped above 6 percent last month -- the highest level in five years -- offering stark evidence of a troubled economy that is steadily shedding jobs and facing continued problems in the housing, financial and credit markets.
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