Government Lending Surges as Nonconforming Mortgage Sector Sinks Even Further in 2Q08
September 4, 2008
The nonconforming mortgage market continued to wilt under the pressure of rising loan defaults, deteriorating house prices and tighter underwriting standards, falling to less than 10 percent of new home loan production during the second quarter of 2008, according to a new analysis and ranking by Inside Mortgage Finance.A meager $4 billion of... [Includes five 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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