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Less than 10 percent of delinquent borrowers eligible for the Obama administration’s $75 billion foreclosure prevention program have received help.

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By The Week Staff

last updated 8 January 2015

Foreclosure prevention program moves at snail's pace

Less than 10 percent of delinquent borrowers eligible for the Obama administration’s $75 billion foreclosure prevention program have received help so far. Of the 2.7 million borrowers who have missed at least two mortgage payments, 235,247 have received loan modifications.

The Washington Post

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Foreign applications to U.S. business schools drop

After rising steeply for a decade, international applications to U.S. business schools have fallen as much as 30 percent this year. Admissions officers blame tightened visa requirements and competition from overseas business schools.

BusinessWeek

New business model for Major League Baseball?

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With ticket sales down, Major League Baseball teams are now selling well-heeled fans the opportunity to lunch, go fishing, and even practice yoga with their favorite players. In Detroit, fans willing to shell out $1,250 can put in a day’s work as a groundskeeper for the Tigers.

Los Angeles Times

Hertz and Avis buy more foreign vehicles

U.S. auto-rental companies are buying more foreign vehicles than domestic models for the first time. In the first half of 2009, outfits such as Hertz and Avis bought 48.8 percent of their new stock from Detroit’s Big Three, compared with two-thirds a year earlier.

Chicago Tribune

Career coaches prosper

Soaring unemployment has been good news for at least one profession: career coach. Membership in the International Coach Federation has doubled in the past five years, to 17,000. A typical coach can charge $150 an hour for a one-on-one counseling session.

SmartMoney.com

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