Economy Watch: Residential Delinquencies Jump; Most Housing Markets Worse

Economy Watch: Residential Delinquencies Jump; Most Housing Markets Worse
According to LPS, the states with the highest percentage of non-current loans — delinquencies plus foreclosed properties that haven't been place on the market — are Florida, Mississippi, and New Jersey (with Nevada in the fourth slot). The states with …
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Shorten's flexible approach gets tick from finance sector
The cap on costs appropriately balances consumer protection while still allowing lenders a return that is commercial.'' But the industry was delighted as Shorten had acknowledged the role the pay-day lending sector played in ''ensuring that vital …
Read more on The Age

BB&T Commercial Real Estate Unit Buys Calif. Lender
Grandbridge Real Estate Capital, a wholly owned subsidiary of BB&T (BBT), is buying Dwyer-Curlett & Co., a commercial real estate finance firm based in Los Angeles. The deal, announced Monday, would give Charlotte-based Grandbridge three offices in …
Read more on Bank Technology News