A celebrity chef was planning the menus, brides were negotiating room rates and 250 staffers were on the payroll. But four months before Hotel Monroe was scheduled to open, its lender went bankrupt. Now it could be at least a year before the 150-room Read More

We have seen the banks collapse and we know that residential mortgages — not private equity or commercial loans — are almost entirely the reason. Read More

June 30 (Bloomberg) — Newly delinquent homeowners with private mortgage insurance outnumbered those who caught up on overdue payments for a 26th straight month in May, according to the Washington-based Mortgage Insurance Companies of America . In Read More

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