Washington is pushing measures to help hard-pressed homeowners, but some Wall Street investors are pushing back.
Hedge funds are fighting proposals to ease the terms of home mortgages, arguing that such a move would hurt their investments, The New York Times's Vikas Bajaj and Barry Meier write. Two funds recently warned mortgage companies that they might take action if the companies participated in government-backed plans to renegotiate delinquent loans in a way that undercut the funds' interests.
The saber-rattling highlights the conflicting interests of various players in the mortgage arena and suggests that tensions are likely to intensify as government intervention in the market widens.
Go to Article from The New York Times»
沒有留言:
張貼留言