Billionaire Purchases Subprime Loans, Promises No Rate Resets
Saturday, May 10, 2008
Billionaire and Chairman of Berkshire Hathaway Warren Buffett said over the weekend that his company has acquired a portfolio of subprime mortgages and has frozen the rates on those loans, according to a MarketWatch report.
The loans are under the umbrella of Clayton Homes.
The loans are under the umbrella of Clayton Homes.
