As resorts for the wealthy such as Yellowstone Club, Tamarack, and Promontory tumble into insolvency, you have to wonder what the lenders such as Credit Suisse and Lehman Bros. were thinking. Here’s another tale of toxic assets, poor diligence, and no backup plans. By Jonathan Weber If you want a stark example of the kind [...]
Mexico’s Mortgage Industry Flourishing Amid America’s Financial Collapse
PUERTO VALLARTA, Mexico–(BUSINESS WIRE)–Leading Mexico mortgage broker MEXLend closed a record number of mortgages for 2008, proving that despite the dire circumstances of the American financial market, Mexico’s mortgage industry is not only healthy, but thriving. “This has been an excellent year for purchasing property in Mexico,” says Terence L. Reilly, CEO of MEXLend. “The [...]
Follow Us