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SWOOPING DOWN ON SUBPRIME.

Authors :
Der Hovanesian, Mara
Byrnes, Nanette
Goldstein, Matthew
Source :
BusinessWeek; 9/10/2007, Issue 4049, p33-33, 1p, 1 Color Photograph
Publication Year :
2007

Abstract

The article discusses investments in distressed debt funds. Subprime mortgage troubles in the U.S. economy have left many investment pools with unstable mortgages and slashed prices. Wilbur L. Ross Jr., chairman of WL Ross & Co., has agreed to put $50 million into the now bankrupt American Home Mortgage Investment Corp. Ocwen Financial Corp. and Angelo, Gordon & Co. will invest up to $300 million in the mortgage industry. INSET: The Vultures' Prey.

Details

Language :
English
ISSN :
00077135
Issue :
4049
Database :
Complementary Index
Journal :
BusinessWeek
Publication Type :
Periodical
Accession number :
26456518