Home Loan Servicing Solutions is selling 12.5 million shares and will grant underwriters a 30-day option to purchase up to an...
AV Homes announced that TPG Capital agreed to make a $135 million investment in the company at a price of $14.65 per share,...
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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