‘Alternative’ Mortgage Product Binge Loses Steam In Third Quarter With Sharp Drop in IO Lending
December 7, 2006
With more regulators looking over their shoulders, mortgage lenders began to turn down the volume on what has been the industry’s biggest growth engine over the past two years: alternative mortgage products. An estimated $236.0 billion... [Includes three charts]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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