Elliott Research Financial Education Foundation,Inc (501-c) 312-857-5527 . The right financial Planning can help you achieve your financial goals and prepare for retirement." While I advocate for financial literacy and Senior Lives Matter as a critical tool to empower individuals
Tuesday, September 29, 2015
New Players in the Mortgage Field:
Watch Out for the New Players in the Mortgage Field: Hedge Funds
Homeowners who end up unable to pay their mortgage may soon see their
homes taken over by a surprising new player in the field: hedge fund
firms. According to The New York Times,
banks have sold over 100,000 delinquent mortgages to private equity and
hedge fund companies, who restructure these loans—through modifications
or foreclosures—in an effort to resell them and turn a profit.http://www.realtor.com/news/trends/hedge-funds-new-players-in-mortgage-field/
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