David Dayen: “Hedge funds figured out u can buy troubled mortgage funds at huge discount… …restructure loans, keep people in homesThey’re basically just doing 30’s era-HOLC stuff, which Geithner called “unicorny.” This could have been done to scale. Matthew Goldstein: http://dealbook.nytimes.com/2014/04/30/troubled-mortgage-funds-on-rise-but-face-headwinds/ In the world of hedge funds, distressed mortgage funds are suddenly hot…. Donald R. … Continue reading Morning Must-Read: David Dayen: “Just 30’s-Era HOLC Stuff, Which Tim Geithner Called ‘Unicorny’”