Economy Jan 07 December’s Job Numbers: Do They Represent All Job Seekers? I was all set to label our monthly post on the unemployment data "Hold Your Horses" or "Not So Fast," a warning not to overplay the apparently sizable drop in the official unemployment rate from 9.8 percent to 9.4. But…
Economy Jan 07 Strategic Default: Immoral or Not? Rounding out our series today, those of you considering strategic default might find particular encouragement from the web chat with law professor Brent White of the University of Arizona, who thinks it is both legally and morally okay.
Economy Jan 06 Who Do You Hurt When You Walk Away? More from the strategic default debate today. Economist Luigi Zingales of the University of Chicago, also in our original story, argues there are damaging spillover effects ("negative externalities") when homeowners strategically default. "By walking away, not only do you…
Arts Jan 05 Strategic Default: Right or Wrong? We've been concentrating on the housing crisis over the past several days here on the Business Desk. For the rest of the week we'll be focusing on the issue of strategic default. If you're an underwater homeowner who can afford…
Arts Jan 04 A Mortgage-Backed Security Map: The Fantastic Fate of One Man’s Loan The complexities of getting or refinancing a mortgage are many: the broker you can or can't trust, the screening of your income and credit, the appraisal, the fear that rates will rise before approval, the title search, the paperwork at…
Economy Jan 03 Should You Swim Away From an Underwater Mortgage? Your mortgage is underwater. Making the payments is both difficult and demoralizing. Is it ethical for you to walk away? As we've reported, there are arguments both ways. Here's a feature to help you make up your…
Economy Dec 31 The Year in Foreclosure Reports Mortgage paperwork was a mess. Foreclosures were rampant. Homeowners went through months-long modifications, losing hope when it all fell through. The housing crisis was one of the major stories of the year. And as 2010 draws to a…
Arts Dec 31 Alyssa Katz: How Government Is Failing the Homeowner We last spoke with journalist and author Alyssa Katz back in October 2009. She had just finished writing "Our Lot," a book on the history of America's housing market. "The issue is that the investors and investment…
Economy Dec 29 Robert the Robot, the Mechanical Man Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Jose Question: In Virginia we have a non-judicial foreclosure process. The…
Economy Dec 28 The Loan Mod Squad: A Request to Business Desk Readers Paul Solman answers questions from NewsHour viewers and web users on business and economic news most days on his Making Sen$e page. Here's today's query: Name: Toby Hanna Question: I purchased a house in 2006. A year…