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Wall Street finds profit in buying home mortgages
CFA Institute Financial NewsBrief | Nov 23, 2009
Wall Street funds apparently found a way to make big money from the residential-mortgage crisis and leave U.S. taxpayers with most of the risk. The process begins with a hedge fund or a private-equity fund buying a block of mortgages at a deeply discounted price. Then homeowners are offered a principal reduction on their mortgages in return for refinancing the debt into new mortgages backed by government-sponsored entities such as the Federal Housing Administration. The mortgages can then be sold to another government-backed entity, such as Ginnie Mae. New York Times, The (21 Nov.)
U.S. Treasury on thin ice with short-term debt coming due
CFA Institute Financial NewsBrief | Nov 23, 2009
Lehman sues Barclays to get back asset "windfall"
CFA Institute Financial NewsBrief | Nov 17, 2009
Investors increasingly bet rich nations will default on bonds
CFA Institute Financial NewsBrief | Nov 23, 2009
Obama administration poised to extend TARP, sources say
CFA Institute Financial NewsBrief | Nov 19, 2009
Democrats embrace taxing rich to pay for health care
CFA Institute Financial NewsBrief | Nov 20, 2009
Some big shareholders tell Goldman to shrink bonus pool
CFA Institute Financial NewsBrief | Nov 20, 2009
Analysis: Dozens of banks in trouble despite TARP aid
CFA Institute Financial NewsBrief | Nov 17, 2009
Mortgages in trouble reach 14% in U.S.
CFA Institute Financial NewsBrief | Nov 20, 2009
China greets Obama's call for rising yuan with polite silence
CFA Institute Financial NewsBrief | Nov 18, 2009
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