Belgian bank to buy Melville mortgage co. Vertical Lend

Newsday - Melville-based Vertical Lend, doing business as Mortgage Warehouse on Long Island, announced Monday that it has been bought by Belgian bank KBC. KBC has more than 11 million customers worldwide and closed its first quarter this year with more than $1

Budapest shares close down; OTP Bank bears brunt of US mortgage woes
Forbes - BUDAPEST (Thomson Financial) - Budapest shares closed lower in thin trade as troubles in the US mortgage market continued to drag on global equities with financials such as OTP Bank among the hardest hit. The BUX index of leading shares closed down 1

Aegis Mortgage suspends lending
Houston Chronicle - Aegis Mortgage Corp., a Houston-based mortgage lender whose owners include private-equity firm Cerberus Capital Management, said today it had suspended all loan originations amid the worsening housing and credit markets. The suspension came on the

UPDATE 2-Mortgage buyer Luminent suspends dividend
Reuters - NEW YORK, Aug 6 (Reuters) - Luminent Mortgage Capital Inc (LUM.N: Quote , Profile , Research ) on Monday said it suspended its 32 cents per share quarterly dividend and is exploring options to boost liquidity, becoming the latest casualty of the U.S