Mortgage lenders push loan mods to avert foreclosures
EMC Mortgage Corp launches a Mod Squad to work with troubled borrowers. Aims to compute affordable payments and avoid foreclosures while industry voices warn such workouts may only delay losses. Regulators and experts debate effectiveness amid rising defaults and public calls for moratoriums.
MENTIONED IN THIS ARTICLE
New York
EMC Mortgage Corp
Mod
John Vella
EMC
Susan Wachter
University of Pennsylvania
Wharton School of Business
Thomas Lawler
Fannie Mae
Lawler
Colleen Hernandez
Picture People studios close in Northeast Ohio malls
The Picture People photo studios in Midway Mall Elyria and several other Northeast Ohio malls closed with little warning last week. Mall officials and the company declined to explain the reasons while numbers for the closed stores were disconnected. The Akron Chapel Hill store remains open.
MENTIONED IN THIS ARTICLE
Elyria
Picture People Photo Studios
Ohio
Midway Mall
Sandusky Mall
Parmatown
Great Northern
Franklin Park Mall
Toledo
Westfield Great Northern Mall
Annie Dorsey
Picture People's
Foster City
Calif
Chapel Hil Mall
Akron
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Surce: Mortgage Bankers
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Kaplansfurniture.com
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