0 minute readBank of America and Goldman Sachs Group are seeking to unload as much as $5bn in debt left over from the 2007 buyout of Hilton Worldwide, according to people familiar with the negotiations. The banks may package into securities a $3bn piece of a mortgage taken out by Blackstone Group to finance its acquisition of the hotel chain in 2007, said the people, who declined to be identified because the discussions are private.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio