U.S. Seeks to Cut Investor Dominance in Buying Soured Mortgages 2 hours ago
U.S. officials want to triple sales of delinquent mortgages to nonprofits and local governments and put new restrictions on foreclosures, following a wave of criticism that purchases by private equity firms and hedge funds have led to borrowers getting kicked out of their homes. The effort announced Thursday by the U.S. Department of Housing and […]