The difficulties borrowers face when trying to shop for a mortgage could be fixable by changing the disclosure rules, but certain market practices also need to be changed. The key to a fix is to make appraisals portable.
Many of us now work in virtual teams or multisite organizations where our work may be more visible to people in other functions or countries than to our bosses or colleagues in the same office, but what does this mean for our careers?
The revised HARP program will help a few homeowners and investors at taxpayers' expense. It will release refinancing lenders from liability. And most disappointing, it may have no discernible effect on improving our economy.