The Market Now

Daily Archives: January 4, 2013

In the mortgage bond boom, banks and hedge funds, not homeowners and debtors, stand to gain most.

Photographer: Gianluca Colla/Bloomberg

In the mortgage bond boom, banks and hedge funds, not homeowners and debtors, stand to gain most.

A Mortgage Bond Boom Isn’t a Housing Recovery

The winners in a Federal effort to keep housing afloat are banks, investors, and a limited group of homeowners. The losers are those who who buy homes expecting they will gain value over the next decades.

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