Subprime sprawl

Bizouati, Yaël
June 2007
Employee Benefit News;Jun2007, Vol. 21 Issue 7, p58
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.


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