Investment Banks: Entering Where Other Investors Fear To Tread
You would think that with the housing market in such a big mess, investment banking’s biggest and smartest players would be hurrying for the exits. However, some of the biggest names in the business have spent hundreds of millions of dollars to snap up mortgage lenders! Investmentnews.com reports:
Investment banks see these acquisitions as a way to lock up a steady supply of home loans that they can bundle together and sell to investors for a big profit. In addition, with share prices for many mortgage lenders down steeply, the banks are getting real bargains, they say.
Read more: Investment banks enter mortgage market
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