Goldman Sachs

Subprime, the New Contrarian Play? 

Some pretty big guns are aiming to get back into subprime, convinced that either the market is close to bottoming out, or that it has over-reacted. Others still are supremely confident in their ability to seperate the good from the bad. Here at Housing Wire, we’ve been hearing about this for the past few weeks, with different hedge funds firing off presentations outlining a surprisingly similar strategy: there’s got to be value in the subprime mortgage market, and we’re going to find it.