Mortgage

AIG seeks way back into mortgage market

American International Group (AIG), the insurance giant bailed out by the U.S. government after disastrous bets on the mortgage market, is looking at ramping up its activity in the sector once again by buying home loans, according to a story in the Financial Times.

The potential move is a mark of AIG’s increasing confidence four years after its $182 billion bailout during the 2008 financial crisis, the FT said. It also signals a renewed appetite for innovation nearly four years after its rush into credit derivatives linked to mortgage products almost led to bankruptcy. Read the FT article here.

 

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