Calculated Risk
A top ranked economics and finance blog with a focus on the housing market
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A top ranked economics and finance blog with a focus on the housing market
A top ranked economics and finance blog with a focus on the housing market
A top ranked economics and finance blog with a focus on the housing market
Benefits of this settlement we reached last year, we're talking about these servicing standards, but we announced a few weeks ago that over 600,000 homeowners around the country have received more than $50 billion in benefits. the main benefit they're getting is permanent reductions of the mortgages they owe, and those principle reductions have started to set a standard. i think it's one of the things that's really contributed to the resurgence you talked about. we had over 2 million families get back above water on their mortgages over the last 15 months. that's real progress and the settleme...