MarketWatch is reporting that Credit Suisse has entered into an option-purchase agreement with subprime lender ResMae; CS already controls subprime mortgage operation Select Portfolio Servicing.
Credit Suisse loves subprime
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Opinion: What is the public actually getting for $7.3B in housing subsidies?
The Federal Home Loan banks receive billions annually in subsidies, but are skirting their responsibility to support our nation’s housing troubles, argues Sharon Cornelissen, Director of Housing at the Consumer Federation of America.