America’s housing not ready for ever-expanding over-50 population

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility, affordability for older Boomers

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
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