Affordable Housing Institute : US

[Continued from yesterday’s Part 1.]
 
Yesterday, I wrote about dodging acorns and listening to squirrels chirring angrily at one another about their territorial boundaries in our front yard as they bombard us with spent acorns, wax berries, and branches.
 

That for your property lines!
 
I connected our little squirrel-human war of the oaks to a dispute in Fairfax […]

For the last month or so, the rear of our driveway has been under mortar attack from the squirrels overhead. Frenetic, territorial, and hyperactive, they’re in an orgy of gathering, bombarding us with acorn husks, half-eaten nuts, wax berries, leaves, and twigs. Once a week Nancy blows the driveway, and within half a […]

[Continued from yesterdays Part 1.]

Yesterday, using as a springboard a story from The New York Times, I looked at the prepayment-penalty trap which has now caught many subprime borrowers: loans with low introductory ‘teaser’ rates, that now step up, but that cannot be economically prepaid because of yield maintenance and penalties that make the […]

 
Evolution of the subprime mess leads journalists in a constant search for new angles. If Erle Stanley Gardner had been writing these mysteries, he might have titled them The Case of the Bamboozled Borrower, The Big Writedown, The Evil Securitization Wizards, The Conniving Counterparties, The Horrified Homeowners, and The Laid-Off Lenders.
 

We’re all nervous, […]