Fault Lines investigates how Wall Street firms are returning to communities hardest-hit by the foreclosure crisis with a new bet on housing.
Private equity firms and hedge funds are buying up tens of thousands of foreclosed homes and converting them into rental properties. And they are creating one of the fastest growing financial investments by securitizing their tenants' rent checks.
It has been six years since the foreclosure crisis devastated millions of American families. And now, many former homeowners are renting from Wall Street. It's a landlord's market, and rents are rising across the country.
Fault Lines travels to California and Georgia to investigate if Wall Street’s rental gamble could jumpstart the economy or lay the foundation for a new crisis.
Executive Producer: Mathieu Skene,
Senior Producer: Carrie Lozano @carrielozano,
Correspondent: Anjali Kamat @anjucomet,
Producer: Nicole Salazar @nicoleasalazar,
Director of Photography: Omar Mullick @cerulean_blue,
Additional Photography: Paul Abowd @PaulAbowd, Joel Van Haren @joelvanharen, Thierry Humeau @telecamfilms, Nicole Salazar,
Editor: Adrienne Haspel @adihaspel, Warwick Meade @warwickmeade,
Digital Producer: Nikhil Swaminathan @sw4mi,
Production Managers: Shannon Stanley @ShanStan, Dana Merwin @dana_merwin,
Production Assistance: Mark Kurlyandchik @MKurlyandchik, Sara Lafleur-Vetter @lafleurius
More from this Episode
Is the next housing crisis going to be about rent checks as opposed to mortgage payments?
Fault Lines chats with an Atlanta housing lawyer about the history of predatory lending, attempts to curtail it
A program of auctioning off delinquent mortgage loans may prioritize goals of corporations over those of communities
More on Wall Street and Housing
The rise of rent-backed securities ensures we'll have another crash
Stagnating wages, high unemployment are keeping millennials out of the housing market, even where they can afford to buy