Insight: The Wall Street Gold Rush in Foreclosed Homes

In a marketing document for one of its funds, Carrington claims that without using leverage or borrowed money it can generate an annual yield of 7 percent from rental income alone. Its long-term strategy is to package the fund into a publicly traded real estate investment trust. If that strategy is successful, Carrington projects investors can see an internal rate of return of 25 percent over three years NEW YORK | Tue Mar 20, 2012 3:44pm EDT READ MORE >