Economy
by Charles Feldman
| March 12, 2008
If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at.
Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming.
But, before the depressing [...]
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Economy
by Charles Feldman
| February 27, 2008
It is amazing, by any standards, just how bad things have gotten on the economic front because of what was, at first, a crisis in the subprime mortgage market.
Of course, conditions had to be right (or wrong, in this case) for the subprime match to ignite such an enormous world-wide blaze, but, it has, [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans
by Rob K. Blake | January 17, 2009I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical formula that demonstrates subprime lender have little financial motivation to modify mortgages facing default.
This research I thought was interesting because I am caught between wanting the government or the lenders to “help” [...]