As I wrote the other day, reducing principal on homeowners with underwater mortgages is one important way to help them avoid foreclosure and help the economy get better faster. It’s not for everyone—some homeowners simply bit off too much house. But there are millions out there for whom this could work. In this regard, I… Read more
Got a chance to stretch out here more than usual in this discussion of many different aspects of the President’s speech from last night.
I don’t know if the President will say much about housing tonight, but there are some important and potential helpful policy choices percolating in the background. I’ve long held that of all the stuff on the White House’s “we-can’t-wait” list—things they can do to help the economy and jobs without going through that legislative death… Read more
Ah, Thanksgiving. Savory food, family…and that pesky relative with a PhD in Fox News that keeps needling you to the point where you can’t even enjoy Cousin Chrissy’s carrot soufflé. [All references are to actual dishes at my family table! Also, usual disclaimer and Thanksgiving tidings to my bros-in-law–Jim, Clint, Sean, Andy, Tom. Earlier editions… Read more
Coming back from a conference on housing finance, I was reminded of this post from a while back. A critical channel out of the mess we’re in is through low interest rates generating more investment activity. The Fed’s done its part re lowering rates but especially in housing, the market is still crawling along and… Read more