Can a Mutual Fund Investing in Whole Loans Succeed?

It sounds like a novel idea: set up a mutual fund, load it up with residential loans bought at a discount in the secondary market, and sell shares to a yield-hungry public looking for a better return than the 0.50% that most money market accounts are paying.

Article source: http://www.nationalmortgagenews.com/nmn_features/mutual-fund-investing-whole-loans-succeed-1032308-1.html

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