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subprime mortgages: NYU Professor Says Subprime Mortgages Can Be Good - 07/11/07 02:12 PM
Many of you probably don't know, but my 1st two years of college was a NYU.  So it really peaked my interest when I recieved this BrokerUniverse newsletter today.
By Alton Gary Simpson
NEW YORK -- Taking a stance contrary to the emerging conventional wisdom that subprime mortgages are the root of all evil in the mortgage market are Alexei Tchistyi of New York University's Leonard N. Stern School of Business and Tomasz Piskorski of Columbia Business School. The pair has authored the study, "Optimal Mortgage Design," to answer the question, "Assuming 'full rationality,' what is the best possible mortgage contract … (1 comments)

 
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Caryll Miller

Mount Vernon, NY

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Money Market Mortgage, LLC

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Former Navy Sailor Assisting with all your Real Estate Financing Needs Residential, FHA, 203K, VA, Reverse MTG, Homepath, Conventional, USDA, Jumbo, & Commercial loans.


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