Buffett buys subprime mortgages, freezes resets - Marketwatch

Story date: 2008-05-04 04:31:00
Added on: 2008-05-04 20:16:32

OMAHA, Neb. (MarketWatch) -- Berkshire Hathaway has bought portfolios of subprime mortgages and has frozen resets that were due to send the interest rate on those home loans higher, Chairman Warren Buffett said on Sunday. Clayton Homes, which makes ...


Read more...

Related Stories:

• Buffett Offers Bond Insurers A Devilish Deal

  Forbes - Warren Buffett didn't get to be the second-richest person in the world by taking inordinate risks with his money. So...
  2008-02-12 11:39:00

• Market Report: A primer on subprime (The Heights)

  What caused an incredible number of defaults on subprime mortgages? Most will point to interest-rate resets. But that might not be the...
  2008-02-21 03:11:03

• Buffett: U.S. subprime woes far from over

  MSNBC - DAEGU, South Korea - American billionaire investor Warren Buffett said Thursday that problems in the U.S. subprime mortgage ... colorful...
  2007-10-25 08:16:00

• Asia Day Ahead: Buffett Offers to Assume $800 Billion Muni Debt

  Bloomberg - Feb. 13 (Bloomberg) -- U.S. stocks rose a second day, led by financial shares, on expectations Warren Buffett will help...
  2008-02-12 12:15:00

• Five investment guidelines for 2008

  Marketwatch - You've withstood the effects of the subprime mortgage crisis. You've probably taken some losses along the way -- as most...
  2007-12-26 07:35:00

• Buffett: More pain for consumers from subprime market (USA Today)

  American billionaire investor Warren Buffett said Thursday that problems in the U.S. subprime mortgage market will likely weigh on consumers for up...
  2007-10-25 05:28:54

• Witness for the Prosecution: Warren Buffett

  CNN Money - Buffett said he was uncomfortable, among other things, about an investment by Freddie Mac that was unrelated to its...
  2007-10-31 01:38:00

• Buffett sitting on his wallet

  Globe and Mail - Equity markets are not yet bargain-priced and there's more pain to come on Wall Street because of the...
  2008-02-05 03:58:00