Living humans don’t stand a chance when a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood — but that’s OK, because rapacious investors make great landlords. Continue reading… “Hedge funds buying up of foreclosed subprimes, raise rents, float rent-bonds”
A third of all credit cards issued in the first quarter were to subprime customers.
Banks and other lenders are wooing risky credit-card borrowers more aggressively than they have since the financial crisis in a bid to jolt revenue in a period of sluggish growth and tight regulation.
Continue reading… “Credit card lenders pursue subprime borrowers”