Tag Archives: columbia business school

President Obama’s Plan To Boost The Housing Market

With the housing market in the doldrums, it is difficult to have an economic recovery. Home prices are on average one-third below where they were in 2006. Mortgage interest rates are at record lows but most of the homeowners who … Continue reading

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16 Million Americans Underwater On Their Mortgages

Sixteen million Americans owe more on their homes than their homes are worth. They are often locked into mortgages that carry interest rates well above 6%. They would love to refinance into lower monthly payments but the private sector is … Continue reading

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What Hope For The Mortgage Industry?

With new regulations coming into effect, opportunities for profits are constrained and liabilities are increased. Sucks to be in the mortgage business. The WSJ reports: High foreclosure inventories remain one of the biggest threats to a housing recovery, particularly in … Continue reading

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Despite Interest Rate Cuts, Foreclosures Hit Record Highs

From the Washington Post: Even though lower interest rates have made many adjustable-rate mortgages more affordable, foreclosures continue to reach new heights as more than 1 million homeowners face losing their home, according to industry figures released yesterday. About 2.47 … Continue reading

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Federal Reserve Chairman Ben Bernanke Pushes Government Intervention

I didn’t expect this. Bernanke does not want to let the free market do its thing. He wants lenders to think about cutting the principal of many loans to stop foreclosure. Bernanke did not endorse Barney Frank’s plan. Bernanke first … Continue reading

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