Entries tagged "UHY Advisors FLVS"
Paul Andrews and Aaron Tam of UHY Advisors FLVS Inc.'s restructuring and turnaround practice group comment on private equity acquisitions and the mortgage crisis in The Daily Deal. The subprime mortgage debacle was caused by many factors--frankly, too many to discuss in this article. One of the most significant root causes, however, was the abundance of inexpensive available cash early through mid-decade. In the subprime markets, low interest rates drove the demand to do more deals. The supply of good-credit borrowers buying houses in the ordinary course likely did not significantly change. In the mortgage markets this imbalance meant a...
