Day

March 27, 2011

Confusing Predator, Prey

This Weekend’s Hot Story While it’s still free, check out this article in The New York Times:  ‘In Prison for Taking a Liar Loan.’ It recounts the utterly fantastic tale of a how a small-time Countrywide borrower came to serve a 21 month sentence for mortgage fraud, while the bank’s senior executives literally walked away with...
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Defending the Mortgage Interest Deduction (or not)

Fewer Realtors = Less Lobbying Clout Want to know another reason why the mortgage interest deduction for homeowners is in jeopardy as never before? It’s not just because the budget deficit is ballooning, prompting policymakers to look for novel ways to raise revenue (although that’s certainly true). And it’s not because the philosophical case for the deduction —...
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