Investment Funds Profit Again, This Time by Paring Mortgages

2009 November 21

As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess. Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem an act of charity, the funds are helping homeowners by reducing the size of the loans.

Investment Funds Profit Again, This Time by Paring Mortgages

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