Several months ago I had the pleasure of spending several hours with Dave Beal of Twin Cities Business discussing the subprime credit crisis and the developing global credit crunch.  Recently he published…

Read More Credit Crunch Visionary

Finance

For those who have not had to deal directly with the mortgage and credit crises over the past last year, Roger Lowenstein of The New York Times Magazine has provided a thoughtful overview of…

Read More Triple-A Failure

Finance

Is there any good news for mortgage borrowers?  Well, there is some.  Because of aggressive monetary easing by the Federal Reserve, short-term interest rates have fallen enough that the threat…

Read More Good news for mortgage borrowers?

Finance

Last summer my colleagues and I published a position paper titled “Subprime Strikeout: Assessing the Subprime Mortgage Market.”  “Subprime Strikeout” summarized the development of the subprime mortgage market, examined the…

Read More “So What Inning are We in Now?” Published

Finance

Finance

The New York Times begs the question: is the option ARM an appropriate loan product for subprime borrowers?  Read my opinion, along with the opinion of other experts, here. JJK UPDATE: This topic…

Read More Subprime Option ARMs?

Finance

Finance

Today Forbes published an article on the role of lenders’ over-reliance on FICO scores in the current mortgage crisis.  Reporter Michael Maiello concurs with several conclusions from “Subprime Strikeout“ regarding over-emphasis on…

Read More Forbes on FICO

Finance

Christian Science Monitor reporter Ron Scherer published an article detailing the magnitude of the interest rate resets subprime borrowers are facing, the difficulties they will have in making their reset…

Read More Subprime Loans Face Big Hikes

Finance

Finance