Unstructured Finance

The nine lives of the eminent domain for mortgages debate

November 21, 2013

By Matthew Goldstein and Jennifer Ablan

Law professor Bob Hockett, widely credited with popularizing the idea of using eminent domain to restructure underwater mortgages, says he continues to be approached by yield-hungry angel investors looking for a way to help out struggling homeowners and make money at the same time.

Short-sellers back in the money for now

November 11, 2009

For better or worse, hedge fund returns have a tendency to follow markets, in part because most long-short funds are net long most of the time.