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Prosecutors are expected to ask a judge this morning to sentence a former Beverly Hills mortgage broker to seven years behind bars for orchestrating a massive fraud scheme that caused tens of millions of dollars in losses to federally insured banks.

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Chinese stocks fell for the first time in four days after a central bank adviser said real-estate curbs shouldnt be reversed, with losses for developers overshadowing China Everbright Bank Co.s rally on its debut.

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webmaster@technorati.com wrote an interesting post today on
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The battered economy fueled additional losses during the second quarter at three of the Vestin real estate lending businesses in Las Vegas.

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ING Groep NV, the Dutch bank and insurance company, Wednesday reported a sharp rise in second quarter earnings, mostly because it avoided some of the losses it made a year ago on stocks, bonds, and real estate-related investments.

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webmaster@technorati.com wrote an interesting post today on
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Mortgage Buyer Suffered $6B in Losses From Bad Loans, Rise in Number of Foreclosed Properties It Now Owns

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