Conservative Banking Helping Region Avoid Foreclosures
Thursday, February 7th, 2008Sticking with more traditional banking practices while institutions in other parts of the nation tried riskier loans has helped southern West Virginia and Southwest Virginia avoid the rash of mortgage foreclosures dampening America’s economy, area loan officers said.
In 2007, investors who financed new homes by getting subprime mortgages with adjustable interest rates began to have [...]
