Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Freddie Mac completes largest sale ever of seriously delinquent loans

GCAT Management Services wins all three pools
W S
Investments / The Ticker

Blackrock steps into Detroit bankruptcy fight

Lodges court filing in favor of bondholders

gloves fighting
KEYWORDS BlackRock / Court / Detroit / legal
/ Print / Reprints /
| Share More
/ Text Size+

One of housing’s biggest investors BlackRock (BLK) is reaching out in a new investment venture while entering into the Detroit debt fight, according to an article in the Financial Times.

BlackRock, the biggest fund manager by assets, is preparing to step in to the fight over the financial future of Detroit, where the treatment of bondholders could set a precedent for struggling towns and cities across the U.S.

The company lodged a court filing that could allow it to put its legal muscle behind an effort to ensure bondholders get paid ahead of retirees and other creditors. 

Source: FT
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus