Updated: 2012-08-31 22:31:13
The official monitor for the mortgage servicing fraud settlement has put out a progress report on settlement implementation. It's a preliminary report that is not required of the monitor, so I don't want to be too critical, but I hope...
Updated: 2012-08-31 20:27:25
Susan Wachter and I have a new paper out, entitled Why Housing? The paper is a critical review of scholarly theories of the housing bubble. It focuses on the question of what made housing vulnerable to a bubble and why...
Updated: 2012-08-31 16:09:31
At the New York Times, Ron Lieber has a story about the treatment of student loans in bankruptcy. The story does a good job of explaining the harshness and capriciousness of the current system, but it is a story that...
Updated: 2012-08-31 07:04:32
Updated: 2012-08-30 07:04:29
Updated: 2012-08-29 01:13:42
Updated: 2012-08-26 14:59:39
The NYTimes had a very good editorial today bemoaning, with resignation, that there will not be any serious prosecutions of senior bank executives or institutions for the financial crisis. The biggest fish to be caught was Lee Farkas. Who? That's...
Updated: 2012-08-26 08:02:00
Updated: 2012-08-26 02:49:44
Felix Salmon has a very insightful post about lawyers' hourly billing rates. His take: differences in billable rates are basically an accounting fiction, which is used to come up with a calculable final figure to be presented as the bill,...
Updated: 2012-08-25 13:43:29
Joshua Goodman at the Harvard Kennedy School and I have a new paper out examining the impact of Chapter 13 cramdown on the cost and availability of mortgage credit. Historically, when cramdown was permitted in some judicial districts prior to...
Updated: 2012-08-24 21:14:57
If you are interested in two fascinating stories on payday and title lending, check out these two links. The payday article is entitled Payday Lenders Using Courts to Create Modern-Day Debtors’ Prisons in Missouri, and the title loan one is...
Updated: 2012-08-24 10:06:00
Updated: 2012-08-24 06:46:30
Updated: 2012-08-23 06:50:56
Updated: 2012-08-23 05:52:01
Updated: 2012-08-22 19:44:05
My oldest leaves for college in the morning. Yesterday, we were talking to him about his new bank account and how to use it responsibly to avoid overdrafts, fees, and such. The conversation gave me a new factor to consider...
Updated: 2012-08-22 06:31:00
Updated: 2012-08-22 05:12:27
Updated: 2012-08-21 08:36:14
Updated: 2012-08-21 08:20:31
Updated: 2012-08-20 08:50:00
Updated: 2012-08-20 08:40:00
Updated: 2012-08-20 07:42:54
Updated: 2012-08-19 07:15:00
Updated: 2012-08-17 12:49:50
Updated: 2012-08-17 10:30:37
Updated: 2012-08-16 06:10:14
