WalletPop Wire

The Mortgage Bankers Association (MBA) reports that a record number of loans -- one in seven -- is delinquent, up from one in 10 a year ago.

Today's numbers also show that one in 22 families in the U.S. is in the process of losing their home, up from one in 34 a year ago. Based on these figures, we are now on track for 2.9 million foreclosure starts in this year alone.

The lenders' trade association is quick to blame this worsening trend on higher unemployment levels. But that ignores the fact that reckless lending precipitated the economic crisis and prolongs it each day with every new foreclosure, which forces down surrounding property values.

What happens when you combine one of the world's most ridiculed business personalities with one of the world's most ridiculed business models?

The Trump Network, the new Donald Trump-branded multi-level marketing business that is "designed to make people healthier with customized vitamins and nutritional supplements, and to encourage individuals to become entrepreneurs and to take control of their financial well-being."

In an e-mail, Trump told The Associated Press that The Trump Network is his "rescue and recovery program" for people who have been hit hard by the recession.

A former University of Nebraska employee who claimed she was fired for being a witch has agreed to settle her case for $40,000.

According to a letter from the unidentified woman's attorney reviewed by the Lincoln Journal Star, the plaintiff took a job in 2007 directing a youth program. But according to her complaint, an associate dean fired her after learning that she was a witch and that her religion was "Reclaiming Tradition of Witchcraft". She filed a complaint with the Nebraska Equal Opportunity Commission, which found reasonable cause to suggest that religious discrimination was a factor.

In a letter, the university said that the settlement was made "solely to compromise the claim ... without admitting the validity of plaintiff's contention or any allegations of wrongdoing by the defendants."

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