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SWOOPING DOWN ON SUBPRIME.
- 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.
- Subjects :
- SUBPRIME mortgages
INVESTMENTS
UNITED States economy, 2001-2009
Subjects
Details
- Language :
- English
- ISSN :
- 00077135
- Issue :
- 4049
- Database :
- Complementary Index
- Journal :
- BusinessWeek
- Publication Type :
- Periodical
- Accession number :
- 26456518