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Investors Have the Capital to Buy Distressed Assets but Servicing Activity Is a Concern
Investors will have a hard time making a quick buck on distressed mortgages, though long-term investing opportunities exist. At the Securities Industry and Financial Markets Association’s MBS due diligence conference last week in New York, Robert Kapito, president of BlackRock, said plenty of mortgage-related options await investors. “This is the best time we’ve ever been in to add value...
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