Mortgage Debt Least of Bad Bets as Investing Sinks (Update2) - Bloomberg
July 28 (Bloomberg) — The fastest inflation in 17 years and a fourth straight quarter of U.S. profit declines are turning debt sold by Fannie Mae and Freddie Mac into the favorites of the world’s biggest bond investors. Pacific Investment Management …
The Provision that Should Have Been Included in the Housing Bill
The Provision that Should Have Been Included in the Housing Bill As Dean Baker has noted, the housing bill now on its way to becoming law would do relatively little to prevent foreclosures CBO projects the bill would help only about 260,000 homeowners keep their homes (the media has more widely reported 400,000, but that doesn’t take into account the 140,000 that would get help, but go on to default anyway). The housing bill doesn’t include a reform that would make give bankruptcy judges the