Backers of maglev train say Chinese bank prepared to fund project – Las Vegas Sun

The proponents of a maglev train line between Las Vegas and Southern California say a Chinese government-controlled bank has agreed to loan up to $7 billion to help build the high-speed transportation system.

via Backers of maglev train say Chinese bank prepared to fund project – Las Vegas Sun.

Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com

U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings.

via Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6% (Update1) – Bloomberg.com.