The metro region is feeling the effects of nationwide mortgage troubles, as a new data reveals the number of borrowers with mortgage payments at least 60 days late doubled or almost doubled - and in some cases tripled - in all counties in the region from the fourth quarter of 2006 to the same period in 2007.

The metro region is feeling the effects of nationwide mortgage troubles, as a new data reveals the number of borrowers with mortgage payments at least 60 days late doubled or almost doubled - and in some cases tripled - in all counties in the region from the fourth quarter of 2006 to the same period in 2007.

The metro region is feeling the effects of nationwide mortgage troubles, as a new data reveals the number of borrowers with mortgage payments at least 60 days late doubled or almost doubled - and in some cases tripled - in all counties in the region from the fourth quarter of 2006 to the same period in 2007.

More than 2% of all mortgages in the U.S. were in the process at the end of the fourth quarter. Home equity levels decline. Home foreclosures hit new highs and the amount of equity in homes reached new lows as the housing crisis escalated across the country in 2007, new figures showed Thursday.

More foreclosure records were broken in the fourth quarter of 2007, the Mortgage Bankers Association reported on Thursday.

PARIS (Reuters) - Natixis became the latest French bank to post a fourth-quarter loss on Thursday, battered by the credit crunch buffeting banks around the world.

NEW YORK -- American International Group Inc., the largest insurer in the U.S., lost more than $5 billion in the fourth quarter as bad credit ate into its investments, the company said Thursday.

NEW YORK -- American International Group Inc., the largest insurer in the U.S., lost more than $5 billion in the fourth quarter as bad credit ate into its investments, the company said Thursday.

NEW YORK (Reuters) - Freddie Mac (FRE.N), the second-biggest provider of U.S. residential mortgage funding, on Thursday said its fourth-quarter loss widened to a record $2.5 billion as the housing crisis worsened.

WASHINGTON -- Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.