The Center for Popular Democracy, a nonprofit organization based in New York City that partners with organizations around the country to engage in the state and local policy landscape, has released a report that claims HUD is helping Wall Street and hurting Main Street. The report notes that investors are trading distressed residential assets-mortgages and vacant properties in severe arrears-and are building a spectrum of business plans many of which undermine neighborhood and economic stability. "There is currently a hot market in severely delinquent mortgages," the report states, and "[b]anks and government entities are selling them off and investors, particularly hedge funds, are buying them."
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机译:大众民主中心(Center for Popular Democracy)是一家位于纽约市的非营利组织,与全国各地的组织合作,参与了州和地方政策领域的发展。该报告发布了一份报告,声称HUD正在帮助华尔街并伤害了主要街道。该报告指出,投资者正以严重拖欠的价格买卖不良的住宅资产-抵押贷款和空置房产-并且正在制定一系列商业计划,其中许多计划破坏了社区和经济的稳定性。报告指出:“目前存在严重拖欠抵押的市场,” [b]船舶和政府实体正在出售它们,而投资者,特别是对冲基金正在购买它们。
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