Foreclosures Up Considerably From Last Year
The U.S. housing crisis drags on with the latest report that foreclosure filings grew by more than 50% in June from June 2007. Nationwide, 252,363 homes received at least one foreclosure-related notice in June, up 53% from last year, but down 3% from May, RealtyTrac Inc. said. One in every 501 U.S. households received a foreclosure filing last month. Foreclosure filings increased from a year earlier in all but 11 states. Nevada, California, Arizona, Florida and Michigan continued to have the highest foreclosure rates. The mortgage industry's efforts to assist troubled homeowners is being overwhelmed by the magnitude of the foreclosure crisis, analysts note, and Treasury Secretary Henry Paulson said recently that many foreclosures are "not preventable," citing borrowers who "took out mortgages they can't possibly afford."
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Factoring, Credit and
Economy News
Date Last Updated: 07/11/2008 |
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
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