ARCHIVED BLOG POSTS
As a Builder, I am extremely interested in the current debate about the home building and mortgage finance industry. One comment I have heard repeatedly over the past several weeks is the need to return to "sound mortgage standards" based on home values of 2.5 to 3 times income, 30 year fixed ra...
In my blog on the BuildingCredibility.com website last weekend, I posed the question "Does the Rise in Foreclosures Constitute a Crisis?" Last Monday I responded to a commentor who reported a rumor that IndyMac bank was close to bankruptcy. Based on my research of the facts, I concluded that it...