"Liar Loans" Now Being Pushed By Large U.S. Asset Managers Says Punchline

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Mark Melin
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Liar Loans

Liar Loans …. Remember the “liar loan” programs that were so famously a part of the 2008 financial crisis? They’re coming back, thanks to a lobbying effort by major hedge funds. Large asset managers want liar loans yield Under the headline “Remember ‘Liar Loans’? Wall Street Pushes a Twist on the Crisis-Era Mortgage,” the Punchline research report highlights how home loans given to borrowers that couldn’t fully document their income and helped fuel a tidal wave of defaults during the housing crisis are now making a comeback. “Big money managers including Neuberger Berman, Pacific Investment Management Co. and an affiliate of…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.