Mortgage nightmare | HVCC appraisal regulation - 07/03/09 06:26 AM
The HVCC code of conduct is the result of a legal settlement with the attorney general of New York. It is applied nationwide. And it should be considered a case study in the value of the legislative process: If the HVCC had been a bill introduced into Congress, it would have never passed without having undergone drastic changes. But it wasn’t a bill and it isn’t a law; it’s a legal settlement by one state’s attorney general, imposed on all 50 states. Every public policy has unintended consequences. But that doesn’t mean that the consequences are unforeseen. Plenty of people foresaw … (45 comments)

How Accurately Did Economists Predict 2009 - 07/01/09 05:31 AM
With The Year Half-Over, How Accurately Did Economists Predict 2009 At the start of the year, the "experts" made a lot of predictions about the U.S. economy and what to expect in 2009. 
Some said housing would rise Some said housing would fall Some said mortgage rates would rise Some said mortgage rates would fall And nobody predicted just how big the government's stimulus package would be.
Now, on June 30, with the year officially half-over, it's as good a time as any to remember that people are much better at interpreting the past than predicting the future.  Economists can make … (0 comments)

 

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