Hedge fund companies get better deals than homeowners

Hedge funds and other investors bought mortgages at deep discounts in bulk from HUD. For 142 bulk sale offerings nationwide between 2010 and 2014, hedge funds paid far less than what homeowners owed.

Hover over or tTap the graphic to see distribution of bulk sales

= one bulk sale offering

Homeowners would have to pay the full mortgage value plus interest to keep their homes.

as % of property value

Homeowners would have to pay the full mortgage value plus interest to keep their homes.

Wall Street investors and others paid significantly less than the full mortgage value, and could own the house if the homeowner defaults.

as % of property value

as % of property value

Source: Center for Public Integrity analysis of Department of Housing and Urban Development data provided through a Freedom of Information Act request by a team of lawyers from the Legal Aid Society of Southwest Ohio, the Ohio Poverty Law Center, and Advocates for Basic Legal Equality.
Note: Property value is the sum of broker-opinion price of all properties in one offering.