major mortgage
Shelby opposes mortgage plan (Montgomery Advertiser)
A major mortgage-relief bill would help refinance shaky mortgages. Sen. Richard Shelby, the top Re publican on the Banking Com mittee, will oppose it.
Britain acts to take over major bank
Northern Rock became a victim of the sub-prime mortgage fallout. Opposition leaders oppose move. The British government introduced emergency legislation Monday to take temporary public ownership of Northern Rock, a major mortgage lender threatened with failure as a result of the sub-prime-spawned credit crunch.
Lenders Offer Plan to Head Off Foreclosures (New York Times)
A group of major mortgage lenders will allow some homeowners facing foreclosure to delay losing their homes for 30 days.
6 firms act to help avert foreclosures
The mortgage lenders will team up with nonprofits to reach out to borrowers at risk. Struggling to connect with their delinquent customers, a group of six major mortgage lenders is teaming up with nonprofit groups to serve as a go-between.
