The international mortgage industry has been affected just like the US mortgage industry in the past two years. Trouble in the international mortgage industry began in 2007. The US subprime market collapsed, which meant any international mortgage company investing in the US market also struggled.
The international mortgage industry has different products than the US. Even so they are just as affected by recent economic issues we have seen. For example the UK has struggled nearly as much as the US when it comes to products consumers cannot afford to pay back. A number of foreclosures have occurred in recent months. The international mortgage industry also removed some of their better products on the market like the 100 percent loan in order to recoup losses.