Buffett Extends Real-Estate Bet With ResCap Pursuit: Mortgages

Monday, June 18, 2012

Buffett Extends Real-Estate Bet With ResCap Pursuit: Mortgages

Absolute_Mortgage (Photo credit: kathleenleavitt)

Warren Buffett, whose prediction last year of a housing recovery was premature, is raising his bet on a rebound with his $3.85 billion bid for a mortgage business and loan portfolio from bankrupt Residential Capital LLC.

The offer “certainly indicates that he thinks the worst is behind us,” Jeff Matthews, author of “Secrets in Plain Sight: Business & Investing Secrets of Warren Buffett,” said in a phone interview. “Yes, he’s been wrong about housing before. But if you look at any credit metric, if you look at any of the banks and what’s happening in their loan portfolios, it’s getting better.”

Foreclosure filings in the U.S. have fallen on an annual basis for 20 straight months, according to RealtyTrac Inc., and home prices jumped 1.8 percent in March, the biggest monthly
increase in at least two decades, as record-low mortgage rates and a dwindling inventory of properties available for sale strengthened demand.... Continue to read.

7 comments:

AnonymousJuly 6, 2012 at 9:41 AM
There are many things in real estate which can help to investor like they have to analyse market and compare prices of market then they can invest as per on that research.

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UnknownJuly 17, 2012 at 3:04 PM
This comment has been removed by the author.
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UnknownJuly 19, 2012 at 3:32 PM
One obvious advantage of renting a true estate asset is that the versatility it offers. Once the rental is up, you'll be able to merely shift to a different skilled area that's higher matched for your business.

Mandrien Consulting Group
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UnknownOctober 16, 2012 at 5:57 AM
Buffet has extended real estate bet . Read the post to know more

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GaileOctober 16, 2012 at 11:47 PM
This post has a lot of worthy words information. I am thankful to visit this blog and get information that we may use too. Keep it up.

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UnknownDecember 24, 2012 at 4:18 AM
Buffet extends real estate bet with Rescap Pusuit. Know details from here
RES
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MarilyngeJuly 20, 2020 at 3:18 AM
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