Category: Credit, Real Estate, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Clearing the Mortgage Market Through Principle Reductions RTC 2.0”

  1. [...] with underwater equity – “quasi-voluntary” principal reductions. In his paper Clearing the Mortgage Market Through Principal Reduction, he makes the case that negative equity is the reason why the housing market hasn’t bottomed [...]