Wilbur Ross, WL Ross and Company chairman, weighs in on how Brexit will likely impact the European and U.K economy, employment and real estate.
Wilbur Ross, WL Ross and Company chairman, says the separation of the United Kingdom from the European Union is probably going to take a lot longer than it should and that will create a lot uncertainty which markets don't like.
Following a flurry of merger deals, billionaire investor Wilbur Ross explains that more takeovers are likely.
The original Obama plan to stabilize mortgages effectively left out the $4 trillion of loans, mostly sub-prime and ALT-A, that are in private securitizations rather than backed by Federal agencies. Of these borrowers, one million are already undergoing foreclosure and two million more have missed at least two monthly payments.