by FunTime follow (1)
http://finance.yahoo.com/news/here-we-go-again--wall-street-buying-risking-mortgages-132536117.html?l=1
These are loans on properties about enter foreclosure, and the folks buying them are basically doing salvage work, grabbing somewhat higher yields while betting on recovering some percentage of face value.
#housing
http://finance.yahoo.com/news/here-we-go-again--wall-street-buying-risking-mortgages-132536117.html?l=1
#housing