OAO Sberbank, Russia’s biggest bank, is planning to issue at least RUB30 billion ($958 million) in mortgage-backed bonds in 2011, Interfax reports Thursday. The bank has already sent an application to state development bank Vnesheconombank to issue the bonds under its mortgage program, the newswire reports, citing Sberbank retail chief Natalia Karaseva.

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Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?

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3d rendering of a row of luxury townhouses along a street

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