Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
640,221+2,230
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.93%-0.02

Blackrock steps into Detroit bankruptcy fight

Lodges court filing in favor of bondholders

One of housing’s biggest investors BlackRock (BLK) is reaching out in a new investment venture while entering into the Detroit debt fight, according to an article in the Financial Times.

BlackRock, the biggest fund manager by assets, is preparing to step in to the fight over the financial future of Detroit, where the treatment of bondholders could set a precedent for struggling towns and cities across the U.S.

The company lodged a court filing that could allow it to put its legal muscle behind an effort to ensure bondholders get paid ahead of retirees and other creditors. 

Most Popular Articles

Latest Articles

Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions 

The current environment of mergers and acquisitions (“M&A”) is evolving. There is constant movement in the mortgage industry with the desire for growth and expansion. It is easy to become blinded by the end goal of increasing loan volume and quality origination talent.   Thus, it has never been more important to focus on due […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please