0 minute readMagnetar Capital LLC told investors it never sought to bet on the decline of the subprime-mortgage market, and that it didn’t select or have control over the individual assets that went into deals that have since been called “built to fail.” The Evanston, Ill., hedge-fund group has been accused of making trades similar to those at the heart of the Securities and Exchange Commission’s civil case against Goldman Sachs Group Inc.
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