You are here

Profiting from troubled housing loans

Unrated bonds' yields of about 4%, quick payout draw investors, reports MATTHEW GOLDSTEIN

RISES in housing prices have been profitable to private equity firms and institutional investors that bought foreclosed homes to flip them or to rent them out. Now the recovery in housing is fuelling a niche market for newly minted bonds that are backed by the most troubled mortgages of them all...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to