U.S. mortgage rates drop in week
WASHINGTON, March 4 (UPI) — Average interest rates for 30-year, fixed-rate mortgages fell to less than 5 percent in the week ending March 4, the U.S. Federal Home Loan Mortgage Corp. said.
Read more on UPI

Former Labuan MP fined RM10,000 in default of one month’s jail
KOTA KINABALU: Former Member of Parliament for Labuan Datuk Suhaili Abdul Rahman, who pleaded guilty for not disclosing to the bank that he was a bankrupt when he became a guarantor in a loan application 14 years ago, was fined RM10,000 in default one month [...]

Obama: Greece, facing bad days, has US as ally
President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece’s enormous debts sparked frenzied trading.
Read more on AP via Yahoo! News

Businessman appeals against £101,000 forfeit
A Preston businessman is appealing against forfeiting over £101,000 police say he came into through trading in counterfeit cigarettes.
Read more on Lancashire Evening Post

U.S. Indicts Md. Man In Mortgage Fraud
Authorities Tuesday arrested a Maryland man in what the Department of Justice called a massive mortgage fraud scheme that left victims homeless.
Read more on OfficialWire

Home Front: Sacramento-area mortgage loan gone wrong is one of thousands
Herbert Salguero is just one homeowner among thousands starting to realize that most problem mortgages may not be modified after all.
Read more on The Sacramento Bee

Local tech business is one in a million
When Dawn Gluskin decided to start her own business, little did she know it would be pulling in $1 million in annual revenue just two years later.
Read more on Florida Today

China to Nullify Loan Guarantees by Local Governments (Update1)
March 8 (Bloomberg) — China plans to nullify all guarantees local governments have provided for loans taken by their financing vehicles as concerns about credit risks on such debt increases.
Read more on Bloomberg

National Bank, EFG May Post Lowest Profit in 5 Years (Update1)
March 9 (Bloomberg) — National Bank of Greece SA and EFG Eurobank Ergasias SA, Greece’s largest banks, may report their lowest quarterly profit in at least five years as loan losses mount during the country’s economic slump.
Read more on Bloomberg

Program Will Pay Homeowners to Sell at a Loss
DAVID STREITFELD The Obama administration will offer distressed homeowners $1,500 to sell for less than the mortgage balance, along with incentives for banks.
Read more on The Sarasota Herald-Tribune