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Ally Financial Inc.'s troubled mortgage unit Residential Capital LLC filed for Chapter 11 bankruptcy early today as the Detroit-based auto lender said it may sell its international businesses.
Foreign banks have been facing difficulties non-stop since the latest financial crisis, which triggered off as a credit issue in the subprime enclave of the U.S. mortgage market in mid-2007,
Freestyle Music Park's new owners have signed a $20 million mortgage with a foreign lender, fueling more speculation that the theme park may be planning to reopen.
China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices.
Mortgage lender Housing Finance has announced plans to tap international markets for long-term funds to finance fixed-rate home loans.

Home buyers unworried by foreign investors

Posted by mortgage 243 days ago (Editorial)
First-home buyers aren't worried about foreign investor competition in the property market, says mortgage provider RAMS Home Loans.

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