Wireless startup LightSquared files for bankruptcy
LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.
View ArticleCrowdfunding aims to help students follow their dreams
A new crowdfunding platform that lets investors back individual people rather than specific ideas or projects will be piloted at the University of Michigan and four other universities this fall,...
View ArticleMortgage risks underestimated, economists conclude
(Phys.org)—The Federal Housing Authority (FHA) underestimates the risks of defaulted mortgages, NYU economist Andrew Caplin concludes in a new study co-authored with economists at the Federal Reserve...
View ArticleIn emails to UK police, Anonymous seeks solidarity
(AP)—The online movement known as Anonymous has made an unusual appeal to British police: "Stand with us."
View ArticleZoning restrictions also a key factor in foreclosure crisis, scholar says
The causes of the foreclosure crisis seem obvious: Buyers purchased homes they couldn't afford, lured in part by lenders pushing subprime mortgages. Real estate values escalated, and when the bubble...
View ArticleOutstanding interest-only mortgages put older people at risk
One in three over 70's with mortgages have interest-only mortgages with no linked investment and 13 per cent of older people with mortgages are struggling to make repayments on their home. These are...
View ArticleCyber risks can cause disruption on scale of 2008 crisis, study says
Organisations must dramatically improve their response to cyber risks to avoid a new global shock on the scale of the financial crisis that rocked the world in 2008, a study showed Tuesday.
View ArticleStudy posits a theory of moral behavior
(PhysOrg.com) -- Why do some people behave morally while others do not? Sociologists at the University of California, Riverside and California State University, Northridge have developed a theory of...
View ArticleThe crisis of shareholder primacy
If we want to prevent the next financial crisis, a new model of corporate governance is needed to replace shareholder primacy in financial institutions. Gates Scholar Mike Marin explains why.
View ArticleMortgage defaults at lowest level since 2005
Default risk on home loans is now at its lowest level in seven years, says a professor at the University of Michigan's Ross School of Business.
View ArticleEliminating or curtailing mortgage interest deduction would have modest...
Eliminating or curtailing the mortgage interest deduction (MID) would initially result in declines in housing prices and investment but would have only modest aggregate macroeconomic effects in the...
View ArticleResearchers discover new way the housing market affects the economy
(Phys.org) —New research from the University of Georgia and Miami University helps explain how a 1997 amendment to the Texas Constitution that relaxed restrictions on mortgage lending boosted statewide...
View ArticleOwners of energy-efficient homes are less likely to default on mortgages
A new study shows the risk of mortgage default is one-third lower for energy-efficient, ENERGY STAR-rated homes – a factor lenders and Congress should consider when making mortgage loans and policy.
View ArticleLow-income taxpayers choose saving over spending when offered an incentive
(Phys.org) —Saving is a critical first step on the path to financial security. But many low-income families find it challenging to choose saving for the future over meeting pressing spending needs today.
View ArticleCould poor math skills raise your risk for foreclosure?
Borrowers who struggle with math are more likely to fall behind on their mortgage payments and face foreclosure than those who have stronger financial skills, new research suggests.
View ArticleCollateral damage: Mortgage crisis dampened zeal for stocks
While many American families lost their homes during the U.S. subprime mortgage crisis, the housing market crash also induced some of the decline in the stock market as investors sold equities and...
View ArticleResearchers collaborate on subprime lending investigation
(Phys.org) —A recent article, appearing in the Journal of Urban Economics, authored by Penn State faculty member Brent Ambrose, Smeal Professor of Risk Management in the Smeal College of Business, and...
View ArticleTax benefits for housing not as outsized as previously thought, study says
New research co-written by a University of Illinois expert in urban economics indicates that tax benefits for housing, including the ever-popular mortgage interest deduction and the property tax...
View ArticleThe unexpected benefits of adjustable rate mortgages
Using loan level data matched to consumer credit records, researchers have been able to determine that a reduction in mortgage payments of as little as $150 a month spurred a reduction in mortgage...
View ArticleStudy links credit default swaps, mortgage delinquencies
Researchers at The University of Texas at Dallas recently published the first empirical investigation connecting credit default swaps to mortgage defaults that helped lead to the 2007-2008 financial...
View ArticleWhy long-term housing affordability is a slippery issue
New research led by the University of Adelaide has highlighted two distinct groups of people affected by housing affordability issues over time – those who slip in and out of poor housing...
View ArticleStudy finds racial disparity between what black and white borrowers pay for...
Racial disparity in mortgage rates is widespread between black and white borrowers, according to a newly published study which found more financially vulnerable black women suffer the most.
View ArticleGoogle reverses course with closure of car insurance service
Google is shifting into reverse and leaving behind a service that compares auto insurance prices.
View ArticleMortgage loan originators discriminate with a simple no or slow reply, study...
Housing discrimination still occurs nearly 50 years after the Fair Housing Act, but not necessarily at the hands of realtors or bankers, a study of licensed mortgage loan originators (MLOs), the...
View ArticleLessons today's banks should take from Great Depression Chicago
New research from the University of Warwick serves as a warning to banks not to over invest in mortgages.
View ArticleResearchers analyze deceptive ads for home loans
Lenders used misleading tactics in advertising home loans during the U.S. subprime mortgage crisis, according to a new study by a UT Dallas professor.
View ArticleResearch reveals growing gulf between those financially included and excluded
The gulf between the 'haves' and 'have-nots' in British society is widening. On one side, more people are having to exist without bank accounts, resorting to food banks and being evicted from their...
View ArticleVariable mortgages make UK market more volatile, study shows
Britain's property market is "highly volatile" because almost three quarters of homeowners are on riskier variable or short-term fixed rate mortgages, research by Nottingham Trent University shows.
View ArticleHouses aren't more unaffordable for first home buyers, but they are riskier
Climbing house prices seem to scare people but houses are relatively more affordable today than they were in 1990, it's actually interest-rate risk that's the bigger problem for first home buyers.
View ArticleStudy: After Hurricane Katrina, personal debt fell for those worst hit—but at...
After Hurricane Katrina devastated New Orleans a dozen years ago, there was a sharp and immediate drop in personal debt among residents living in city's most flooded blocks, according to a new Case...
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