Question/Comment: Not long ago, writing mortgages required private mortgage insurance (PMI) if the borrower’s equity in the property was below a certain percent of market level. Usually, PMI could be discontinued when the borrower’s equity in the property rose above … Continue reading
As near-daily reports of housing woes — from lenders and homebuyers alike — grip the United States, community-based programs around the country are continuing the slow work of trying to encourage responsible asset building for lower-income workers. Continue reading
- As a graduating high-school student, I am concerned about the future. What can I expect to see in the next few years?
Question/Comment: As a graduating high school student, I am concerned about what the future has in store. With the economy changing the way it is, what can I expect to see in the next few years? What would be the … Continue reading
Question/Comment: Why do some people refer to the current price of oil as a “bubble” Paul Solman: Because the nature of bubbles is that they inflate, but inevitably pop. Those who refer to the “oil bubble” expect the price to … Continue reading
Sens. Barack Obama and John McCain each outlined their positions on the debate over allowing more off-shore drilling to ease energy prices and overall voter concerns on energy costs. Continue reading
Opposition from increasingly important China and India derailed efforts to negotiated a global trade deal Tuesday. With the talks stalled, two economic experts assess the impact on American and international businesses and farmers. Continue reading
Sens. John McCain and Barack Obama focused their campaigns on the sluggish U.S. economy this week amid voter concerns over economic troubles and a looming record budget deficit. Campaign advisers debate the effectiveness of the rivals’ plans. Continue reading