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

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

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

Today I published “Subprime Strikeout: Assessing the Subprime Mortgage Market”. The paper is co-authored by Jon Thompson and Lena Harhaj, colleagues of mine in the Structured Finance group at Advantus…

Read More “Subprime Strikeout” Published

Finance