As the housing market recovers from its worst downturn since the Great Depression, the time is right to re-assess the role of homeownership in American society. How did we go off-track? What must we do better? What are the crucial elements of sustainable homeownership?
The name Elizabeth Warren is one with diverging commentary attached to it. On paper, Warren is an Oklahoma native with a degree from George Washington University, a job teaching law at Harvard University and a close connection to her family. She was senate majority leader Harry Reid's head watchdog over the government's $700bn bailout fund and is considered "one of us" by consumer advocates, labor unions and academics alike.
Kermit Baker is the chief economist for the American Institute of Architects (AIA) in Washington, D.C. In this capacity, he analyzes business and construction trends in the US economy and examines their impact on AIA members and the architectural profession.
Despite federal intervention in the housing market and credit freeze that might not have had the desired effect thus far, certain signs of stabilization appear to be thawing, according to a new housing report.
"While it is too soon to tell whether housing markets will stabilize in 2009, conditions that could support a recovery are taking shape," like increased housing affordability and more balanced housing supply and demand, according to a housing report by Harvard University's Joint Center for Housing Studies.
The Federal Reserve should buy long-term Treasury securities, said President of the Dallas Federal Reserve, Richard Fisher, on Monday.
"I assure you the Federal Reserve has not abandoned the wisdom of Milton Friedman or Walter Bagehot or any of the other established patron saints of central banking," Fisher said in a speech at Harvard University. "But these are complex, trying times...we are the nation's central bank and we are duty bound to apply every tool we can to clean up the mess that has soiled the face of the financial system..."
Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program..
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry. Read More
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB. Read More