Professor Kurt Eggert was featured in an LA Times story about predatory lending and the financial crisis. The article highlighted Professor Eggert’s testimony at the final field hearing of the Financial Crisis Inquiry Commission, where he told the panel that the rush to profit from turning subprime mortgages into top-rated Wall Street securities encouraged predatory
Professor Kurt Eggert discussed unfair mortgage lending practices in an article featured in Southside Pride. “Lenders have an interest in painting themselves as responsible, even caring entities. … They want to cast blame for the sub-prime meltdown and make themselves seem like the victim of borrowers in order to fight off additional regulations.” Read the
Chapman University School of Law alumna Monica T. Centeno co-hosted “The Money Factor” with David Bach. The show focused on alternatives to foreclosure and provided loan modification information. Monica is an expert in the mortgage industry and is extremely knowledgeable on prime and sub-prime financing. To hear the show and read more…
Professor Kurt Eggert was quoted in an article entitled, “Mortgage Aid Targeted Most-Delinquent Borrowers First, Leaving Others Waiting.” The article details a survey that found mortgage servicers participating in the Obama administration’s foreclosure prevention program are concentrating on the most delinquent borrowers, largely ignoring eligible borrowers who have not yet gone into default. Eggert stated
Dean Tim Canova was quoted in an article in The Final Call entitled, “Banks Recover as Housing Foreclosures Hit Record Highs.” The article comments on banks that are wanting to repay the bailout money so that they can get around the rules and restrictions under the terms of the bailout. “The main motivation for returning
Professor Vernon Smith was featured in an article in the Bellingham Herald, entitled “Economist: Housing bubble caused Great Depression, too.” The article details Smith’s speech given at Western Washington University wherein he draws comparisons between the recent rise and fall of the housing market, and a similar boom and bust that occurred just before the
Professor Kurt Eggert was interviewed for an article in the Los Angeles Times, entitled “Financial regulators missed the big picture, big problems.” The article discusses the lack of oversight of subprime mortgage lenders that ultimately led to today’s financial crisis. “Whole chunks of the mortgage business, including securitization, were almost completely unregulated,” Professor Eggert stated.
Professor Eggert was quoted in the OC Register’s Mortgage Blog (http://mortgage.freedomblogging.com/) and the Dayton Business Journal, where he addressed the Obama foreclosure plan. He said “Obama needs to make sure the effort helps the housing market and just does not result in lenders reworking a limited number of mortgages and then collecting federal incentives….“There is
Professor Kurt Eggert was quoted in a Los Angeles Times article entitled “Housing relief becomes a fence between neighbors.” The article discusses the opposing views among homeowners regarding government funded mortgage relief. In support of government relief, Professor Eggert stated “We’re all in this economy together, and if the economy goes down the tubes, it’s
Professor Kurt Eggert was quoted in article in the Wall Street Journal entitled, “Proposal Is Heavy on Incentives to Modify Loans: Challenges Include Dealing With Mortgages Sold to Investors and Borrowers Who Owe Lenders More Than Homes Are Worth.” In the piece, Professor Eggert stated, “This is the first real significant step to try to