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Entries by Jack M. Guttentag from 05/2013

Sub-prime 2013 Edition: It Is Government Insured!

| Posted 05.02.2013 | Business

In 2008, FHA attempted to increase mortgage insurance premiums on low credit scores, and to reject scores less than 500 unless the loan-to-value ratio was 90 percent or less. The proposal was shot down by Congress. Premiums are scheduled to rise this year, but will not be scaled by credit score.

Why Haven't Any of the Sub-Prime "Criminals" Been Jailed?

| Posted 05.28.2013 | Business

I think that the most obvious answer is the correct one: the authorities were not able to find sufficient evidence of criminal behavior in any of the cases they investigated, and they investigated many, because there weren't any to be found.