Investments

Foreclosures fuel Blackstone, Two Harbors

As the housing crisis worsened, foreclosed properties littered the landscape.

Last year, however, large investor groups began purchasing distressed single-family homes in bulk, then sprucing them up in order to ready them for the rental market. One of the biggest players in this new market is Blackstone Group (BX), which shelled out over $2.5 billion last year to buy 16,000 dwellings to add to its rental portfolio.

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Spouse of Quicken Loans executive sues AIME’s Anthony Casa for defamation

.Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.

Jul 12, 2020 By
3d rendering of a row of luxury townhouses along a street

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