I just read an article that is titled “Taking a hard line on rewriting the bankruptcy code” by Edward L. Glaeser, a professor economics at Harvard University. I am in awe at how well it summed up the mortgage crisis in one short article.
I am a retired mortgage broker and a writer for several web sites about mortgage related matters and have yet to communicate with clarity the message as well as he did. If you are interested in a real strategy for ending the mortgage crisis I suggest that you Google the article title. (more…)