How Housing's New Players Spiraled Into Banks' Old Mistakes -

Philip De Vere Hunt
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Same old... "When the housing crisis sent the American economy to the brink of disaster in 2008, millions of people lost their homes.Newinvestors soon swept in — mainly private equity firms — promising to do better. But many new investors are repeating the mistakes that banks committed throughout the housing crisis, an investigation by The Times has found. They are quickly foreclosing on homeowners, losing families’ mortgage paperwork, much as the banks did. And many of these practices were enabled by the federal government, which sold tens of thousands of discounted mortgages to private equity investors, while making few demands on how they treated struggling homeowners.