The mortgage mess and the foreclosure crisis were created by some of the best and the brightest, who came from top business schools. Those graduate schools think of themselves as incubators of the next generation of financial and economic wisdom but Journalist Philip Delves Broughton found that two years at Harvard Business School was really a Faustian bargain - exactly the kind of deal that would create the overconfidence that nearly destroyed the financial system.
The Nevada Legislature mandated licenses for foreclosure consultants and mortgage modification experts. The rules were finalized earlier this month and we talk with the top official in charge of the new licensing program to see what it takes to get a license and what borrowers should know about the
new system.
Nevada's new law on compulsory mediation came into effect July 1. Homeowners can now require banks to attend a mediation meeting if they receive a foreclosure notice.
Nevada's new law on compulsory mediation came into effect July 1. Homeowners can now require banks to attend a mediation meeting if they receive a foreclosure notice.
Phyllis
Hargrove, Operations Specialist for Nevada HUD
Barry Gold, Director of Government Relations and Advocacy, AARP Nevada
Steven Silberberg, Elder Law Attorney
Most people assume that seniors don't need to worry about the foreclosure
because they don't have mortgages. That's not necessarily true.
Author and Bloomberg News columnist John Wasik argues that the mortgage crisis is the least of our housing problems. The drive to build bigger and bigger homes across suburban America is unsustainable and we need to rethink the meaning of the American Dream if we are to keep it alive.
