Securitize Foreclosures? You Decide

Financial industry to ‘securitize’ foreclosures:

Banks and real-estate investors are working on a new type of security that is tied to the housing market, The Wall Street Journal reported, but instead of having the securities backed by mortgages, the new securities will be backed by the rental payments of residents who live in previously foreclosed homes.

More…

Tagged , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: