By Alexandra Stevenson and Matthew Goldstein | The New York Times
Daniel Sparks and two other former Goldman Sachs executives created Shelter Growth Capital Partners, an investment firm that has been buying homes that were foreclosed on during the financial crisis and later resold to buyers under long-term installment contracts.
As the head of Goldman Sachs’s mortgage department, Daniel Sparks helped make the bank more than a billion dollars betting against the market as housing prices began to crash in 2007.
Today, he is betting on home buyers who no longer qualify for mortgages in the fallout of that housing crisis.
