4 rural banks seek emergency loans from Bangko Sentral (Manila Bulletin)

Four rural banks are seeking emergency loans from the Bangko Sentral ng Pilipinas (BSP) while Wachovia Bank, the fourth biggest bank in the US, has closed its representative office in Cebu.

City to use $7 million on housing glut (Fort Wayne Journal Gazette)

City officials want to make it easier to rehab and reside in foreclosed homes to help ease the area’s housing glut.

LHAND offers counseling and assistance to those in foreclosure (The Daily Item)

LYNN - With the number of foreclosures continuing to impact cities such as Lynn, the Lynn Housing Authority & Neighborhood Development (LHAND) has developed a two-pronged Foreclosure Prevention & Neighborhood Stabilization Program that consists of: foreclosure education, advocacy, loss-mitigation options and neighborhood-stabilization activities that focus on identifying distressed and ...

HUD funds to help cities clean up foreclosures (Los Angeles Times)

With a limited amount of money, officials across the U.S. are zeroing in on the neediest areas. Los Angeles is expected to get nearly $33 million. Terry Ware, head of Denver's housing and neighborhood development office, is a man under siege. The city is due to receive $6 million under an unusual federal program to help cities and counties deal with abandoned properties. Not surprisingly, ...

Hotel lender ready to deal (The Columbus Dispatch)

Borrowing money is difficult for developers these days, but one Columbus specialty lender has been fighting through the climate.