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…
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…
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…
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…
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…
