Early Briefing 09.07.07
The percentage of mortgages entering foreclosure rose to a record level in the three months ended June 30, according to the Mortgage Bankers Association. But in Maryland, Virginia and the District, foreclosure starts have been significantly lower than the national average. See story
Virginia joined Maryland in blocking Metro Dream Homes from soliciting investors. The company says it offers homeowners mortgage-free living.
Elizabeth Razzi wrote about the company before regulators' actions; see stories here and here.
Several projects subsidized by the Maryland Economic Development Corp. are struggling, including Rocky Gap Lodge & Golf Resort and Chesapeake Hills golf resort. See story
Lawrence B. Prior III, president of SAIC's intelligence, security and technology group in McLean, has been named the San Diego company's chief operating officer.
President Bush said he would sign legislation cutting subsidies to student-loan providers by $20.9 billion over five years, which could affect Reston-based Sallie Mae.
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