TITLE

Subprime sprawl

AUTHOR(S)
Bizouati, Yaël
PUB. DATE
June 2007
SOURCE
Employee Benefit News;Jun2007, Vol. 21 Issue 7, p58
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of subprime mortgage lenders by hedge funds in the U.S. in 2007. Newcastle Investment agreed in March to purchase a portfolio of subprime mortgages. Meanwhile, Citadel Investment Group LLC announced it had taken a stake in Accredited Home Lenders. Charles Gradante, a principal at Hennessee Group, expressed his concern over the effect of the trend.
ACCESSION #
25302124

 

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