Star of ‘The Big Short’ backs new mortgage venture

Justice League

Up until the motion picture The Big Short, which is based on the best-selling book by Michael Lewis, the name Michael Burry was probably unfamiliar to most people.

The comedy motion picture flashes back to the 2008 timeframe where the subprime debacle was just taking hold.

……………………

One of the characters is Michael Burry, played by Christian Bale. According to an article in CNBC, Burry made a fortune in last decade’s financial crisis by betting that the housing bubble would burst, is also gaining a following north of Hollywood, as a Silicon Valley tech investor.

Now, in 2015, the article explained his latest venture. Burry is an early investor in PeerStreet, an online marketplace for real estate-backed loans.

From CNBC:

PeerStreet’s mission is to open up a particular segment of the real estate market — residential, typically non-owner occupied — to a wider swath of investors, thus adding…

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