mortgage woes: worst may be yet to comethe imf warns the world to look out. it says the financial crisis that began in the us mortgage market is spreading deeper into other countries and other forms of debt - and countries that rely on foreign borrowing are vulnerable.great wolf resorts, inc. closes on williamsburg mortgage loangreat wolf resorts, inc. (nasdaq: wolf), north america's leading family of indoor waterpark resorts, today announced that it had closed on a $65 million non-recourse mortgage loan on its Williamsburg, Va. resort property. The new loan matures in 2011, has a one-year extension option, and bears interest at a rate of LIBOR plus 350 basis points, with a minimum rate of 6.25 percent per annum. Upon...genworth has loss on mortgage insurance, investmentsjuly 29 (bloomberg) -- genworth financial inc. , the insurer whose market value has been halved in the past year, had its first quarterly loss since going public in 2004, driven by the u.s. mortgage-insurance unit and housing-related investments.cracking down on mortgage scammerswhile congress and the bush administration are focusing on bailing out struggling homeowners and financial companies, another group of federal officials are going after the people who helped propel the country into the mortgage crisis. |
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