Benchland Montana Lenders

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Features
Northern Rock extends repossessions grace period (AP)
AP - Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind.
 
Haart estate agents reports property is now a sound investment in the current financial situation
The haart estate agency is advising people worried about the current financial crisis to put their money into property.
 
AIG, U.S. in deal to terminate some debt obligations (Reuters)

Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.

 
Russia to buy out mortgages from banks (AP)
AP - Russia's government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported.
 
U.S. working on affordable mortgage plan: sources (Reuters)
Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
 
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