Private Equity
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. “The agencies package these loans in a way that is nearly impossible for nonprofits to compete,” Warren said in a telephone interview. “The heart of it is these loan sales need to come with strings attached with basic outcomes for homeowners.” HUD said it sold more than $17.3 billion of troubled loans since 2010, with about 95 percent going to investment firms. The agency has faced complaints from nonprofit organizations, whose primary...