BU Now » underwater loans http://blogs.bu.edu/bunow News, information and research from Boston University Wed, 21 Sep 2011 18:14:24 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Fighting foreclosures http://blogs.bu.edu/bunow/2010/03/26/fighting-foreclosures/ http://blogs.bu.edu/bunow/2010/03/26/fighting-foreclosures/#comments Fri, 26 Mar 2010 16:24:39 +0000 Dick Taffe http://blogs.bu.edu/bunow/?p=4908 home on billsThe Obama administration announced a new strategy to fight home foreclosure, including requiring lenders to cut or eliminate monthly mortgage payments for many jobless homeowners.  School of Management Finance & Economics Department chair Professor Jack Aber says some borrowers may unfairly benefit at the expense of others, but breaking the impass still makes sense.

“Purging these underwater loans out of the financial system will reduce uncertainty and ultimately strengthen the financial condition of lending institutions.”

Contact Jack Aber, 617-353-4404, jackaber@bu.edu

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