Articles about mortgage lending

Area loan officers of Southern West Virginia and Southwest Virginia declared that as the banking there was more conservative and stuck to more traditional practices, the region was able to avoid the mounting rate of foreclosures that was breaking out all over the nation.
An increase in the adjustable interest rates on subprime mortgages in [...]

Sticking 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 [...]