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  Mortgage News:

  Advertisement starts (Tiscali):
  from its deepest slump since the Great Depression unless Fannie or Freddie are stabilized and able to continue their role in buying mortgage loans and packaging them into securities sold around the world.
  
  
  
  Delinquent loans on residential properties rise (The Record):
  WASHINGTON - The delinquency rate for mortgage loans, the percentage of foreclosures starting and the percentage of loans in foreclosure on New Jersey residential properties all rose in the second quarter, the Mortgage Bankers Association said Friday.
  
  
  
  Outside brokers make calls for bank (The Charlotte Observer):
  In its effort to shed troubled Pick-A-Payment mortgage loans, Wachovia Corp. is turning to outside brokers for help contacting customers about refinancing options, sources have told the Observer. The use of brokers gives the Charlotte bank another way to reach more than 500,000 customers about the possibility of converting their Pick-A-Pay loans into traditional mortgages. Wachovia, which is ...
  
  
  

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