February 2012
4 posts
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The Importance of a Homeowner Bill of Rights →
by Peter Swire and Jordan Eizenga
The recent housing downturn revealed how homeowners are systematically disadvantaged by the current system of mortgage finance and are in need of additional rights to be protected from abuses in the servicing of mortgages. This is why President Barack Obama’s call last month for a “homeowner bill of rights” is so important.
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Manufacturing Bonds Presenting a Bond Guarantee... →
by Jordan Eizenga and James Hairston
Manufacturing remains an integral part of our economy. Manufacturing companies provide well-paying, middle-income jobs. U.S. manufacturing wages are, on average, 19.3 percent higher than the private-sector average even though the sector employs an above-average share of those without a college education. Manufacturing also drives innovation. Manufacturing...
The Ramp Begins for “Rehab-to-Rent”: Turning... →
by John Griffith, Alon Cohen, and Jordan Eizenga
The new pilot program by housing finance giant Fannie Mae to convert foreclosed homes into rentals is a promising first step toward revitalizing neighborhoods and stabilizing local housing markets—providing homeowners and renters alike with much-needed help. That said, details are scarce about the new program, which President Barack Obama unveiled...