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Subprime Mortgage Issues Are An International Concern — The Real Estate Bloggers
By admin | June 25, 2007
Subprime Mortgage Issues Are An International Concern — The Real Estate Bloggers
Subprime Mortgage Issues Are An International Concern
June 25th, 2007 | Foreclosure
The subprime slowdown is just not an United States issue. The looser lending also occurred overseas and some of the larger international real estate and lending companies are feeling the brunt of fluctuating interest rates and foreclosure risks.
Shares of Hypo Real Estate dropped 2.2% in Frankfurt, while Unibail lost 2.9% in Paris. Hypo Real Estate Group is one of Europe’s largest providers of commercial real-estate financing, while Unibail invests heavily in shopping centers and office property.
Markets world-wide have been fretting about the possibility of higher interest rates since the beginning of June, when bond yields rose as investors rethought their positions on central bank rate policy. via the WSJ.com
Topics: world news |