Jan 07 Strategic Default: Immoral or Not? By Paul Solman 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. Continue reading
Jan 06 Who Do You Hurt When You Walk Away? By Paul Solman 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… Continue reading
Jan 06 Who Do You Hurt When You Walk Away? By Elizabeth Shell 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… Continue reading
Jan 05 Strategic Default: Right or Wrong? By Paul Solman 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… Continue reading
Jan 05 Strategic Default: Right or Wrong? By Elizabeth Shell 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… Continue reading
Jan 03 Happy New Year? Job Market Looking Up for College Grads? By Elizabeth Shell Editor's Note: A poor economy does not bode well for college grads trying to enter the job market. "The last couple of years have been a very, very tough time to be coming out of college," said Richard White in… Continue reading
Jan 03 Watch U.S. Faces 'Explosion of Senior Citizens': Will Baby Boomers Strain Economy? In 2011 the first of 79 million Americans born between the end of World War II and the mid-1960s will turn 65, swelling the ranks of Medicare and Social Security recipients. Judy Woodruff looks at the implications with Nicholas Eberstadt… Continue watching
Dec 31 The Year in Foreclosure Reports By Paul Solman 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… Continue reading
Dec 31 Alyssa Katz: How Government Is Failing the Homeowner By Paul Solman 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… Continue reading
Dec 29 Robert the Robot, the Mechanical Man By Paul Solman 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… Continue reading