U.S. mortgage troubles extend to Germany - by Vikas Bajaj
Problems in the U.S. mortgage market are spreading deeper and farther afield. Trading in the shares of a large U.S. mortgage company was suspended Monday, and the largest insurer of home loans in the United States said its stake in a business that underwrites and invests in mortgage securities may be worthless.
Earlier, a small German bank acknowledged that its investments in American loans had deteriorated.
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