Archive for July, 2009
Green Shoots: Delinquencies Double on Least-Risky Loans
July 1st, 2009Via: Bloomberg: Delinquency rates on the least-risky mortgages more than doubled in the first quarter from a year earlier as U.S. efforts to help homeowners failed to keep pace with job losses that pushed more borrowers toward foreclosure. Prime mortgages 60 days or more past due climbed to 2.9 percent of such loans through March […]
UK: Government Backs Down from Requiring ID Cards; Will be Voluntary at First
July 1st, 2009While this may seem like good news, it’s just a flick of the switch to make it compulsory. We’ll see how voluntary it is after a Sufficiently Horrific Provocation. Via: Reuters: Britain said on Tuesday it was dropping plans to bring in compulsory biometric identity cards for airport workers and that the multi-billion pound scheme […]
