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mirvac freezes mortgage funds on $227 million impaired loans
aug. 1 (bloomberg) -- mirvac group , an australian real estate investment trust, stopped redemptions for three mortgage funds holding more than a$243 million ($227 million), as investors seek to pull out of property assets amid the global credit crisis.
state pulls mortgage firm plug
the massachusetts division of banks filed a temporary cease and desist order against a mortgage broker with two local offices, preventing the operation from originating any more loans.
axa puts mortgage fund into freezer
axa new zealand is hoping it has made the right call in becoming the fifth investment manager in as many months to suspend a mortgage-backed security.
va mortgage loans offered
portsmouth and#8212; service credit union is now offering va mortgage loans with up to 100 percent financing. a va loan is a real estate loan that is guaranteed by the veterans administration for veterans and military personnel. va lending expands service...
