China housing market restricts mortgages for foreigners:
China's housing market limits mortgage loans for non-Chinese citizens to stem foreign investments. Kathleen E. McLaughlin Foreigners looking for a piece of China's property market may be out of luck. The country's economic planners have moved against non-Chinese citizens buying homes here, curbing banks from extending home mortgages for non-Chinese citizens. The move was explained by the ...
Goldman to face mortgage debt class-action lawsuit:
(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold Baer in Manhattan certified a class-action lawsuit by investors led by the Public Employees' Retirement System of Mississippi. ...