David Olson of the research firmWholesale Access says Wall Street investors have lost their appetite for the loans and want companies like New Century to buy them back.
David Olson, who runs the mortgage research firmWholesale Access, says lenders were willing to make high-risk loans with the false confidence that if worse came to worse, the borrowers could always sell the house and get their money back.
South Africa's Competition Commission approved Walmart's proposed acquisition of a 51% stake in Massmart, a South African firm that owns 265 wholesale and retail stores in South Africa and 25 more in 13 other African countries.
Nope, apparently Nokia just thought it would be cheaper to buy the firm, which (among other things) specializes in the wholesale setting up of new PlaysForSure partners, outright for 60 million.