Paul H. Kupiec is a senior fellow of the American Enterprise Institute. Alex J. Pollock is a senior fellow of the Mises Institute. The authors have no financial interest in or relationship with GLCU.
Many portfolio lenders like banks and credit unions can potentially avoid the credit losses on home short sales by linking short sale approval to a requirement that the borrower...
Today, many homeowners considering a move face the prospect of replacing their low-interest rate mortgage of perhaps 3-percent with a new mortgage with a rate over 7-percent. Earlier...