Pursuits
Yale Finds Itself on Both Sides of Employee’s Fight for a Home
- School has indirect investments in firms seeking foreclosure
- Nationstar, Ocwen in funds held by university’s endowment
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A photograph of Frank Douglass’s Victorian house -- painted sage green with white trim -- is displayed on a website about Yale University’s employee homebuyer program.
Now Douglass, a 63-year-old custodian, has fallen behind on his mortgage payments after two job-related injuries and is facing foreclosure by a servicing company in which Yale’s endowment is an indirect investor.