Hedge Funds See Profit in Discounted Mortgages: Video

Nov. 23 (Bloomberg) -- Bloomberg's Jon Erlichman reports on how some hedge funds are profiting fr...  More »

Nov. 23 (Bloomberg) -- Bloomberg's Jon Erlichman reports on how some hedge funds are profiting from buying home loans at a discount. The funds reduce the size of the mortgages and make them qualify for government guarantee. These loans are then sold to federal agencies, which then package them into securities that are sold to investors. (Source: Bloomberg)  « Less