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…
“Liar Loans” Now Being Pushed By Large U.S. Asset Managers Says Punchline
Mark Melin
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.