(Bloomberg) -- Citadel Investment Group's purchase
of Resmae Mortgage Corp. is the latest evidence that investors'
appetite for bonds backed by subprime mortgages is returning
five months after the industry crashed.
The $180 million acquisition by Citadel, a $14 billion
hedge fund, shows that the market for loans to people with weak,
or subprime, credit isn't dead, said Sharon Greenberg, vice
president of asset-backed securities research for Credit Suisse
Group in New York.
Read more at Bloomberg Bonds News
of Resmae Mortgage Corp. is the latest evidence that investors'
appetite for bonds backed by subprime mortgages is returning
five months after the industry crashed.
The $180 million acquisition by Citadel, a $14 billion
hedge fund, shows that the market for loans to people with weak,
or subprime, credit isn't dead, said Sharon Greenberg, vice
president of asset-backed securities research for Credit Suisse
Group in New York.
Read more at Bloomberg Bonds News
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