U.S. Treasury Secretary Jack Lew warned Congress in a letter Friday that his department will begin implementing ‘extraordinary...
The U.S. Department of Housing and Urban Development will close its offices nationwide on Friday, May 24th. The news comes as a...
The investment giant joined with hedge fund managers Kyle Bass and Metacapital Management to buy mortgage-backed securities now graded at junk. Goldman and Bass made big bets against the housing boom before the crash. Goldman used its controversial hedge to survive the subprime debacle, while Bass made a reported $500 million.
This time, they're each betting on a recovery, according to the story.
"Many of the ingredients are in place for continued improvement in housing," according to a fund document obtained by Bloomberg.
- Jon Prior
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