Saturday, July 29, 2017

Missing Car Talk (because Tom and Ray spoke not of what they did not know)

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Saturday morning errands were more attractive when, while driving, one could listen the Tappet Brothers give sound advice on auto repair an...
Thursday, July 27, 2017

Fannie and Freddie don't really do 30-year mortgages

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The reason is prepayment.  I just happened to notice recently that even in periods where there isn't an interest rate incentive for peo...
Tuesday, March 21, 2017

Leaks

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I got to spend a year (July 2015-June 2016) working as a Senior Advisor at the Department of Housing and Urban Development.  I wasn't p...
Sunday, February 19, 2017

Troika

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Troika is the forecasting process for the federal government; it is called Troika because it is a joint project of Treasury, the Office of ...
Monday, January 23, 2017

Why I like what Quicken is doing

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There is a piece in the New York Times from yesterday that sort of implies that Quicken Loan's rapid rate of growth (they are now the ...
Monday, January 09, 2017

Danny Ben-Shahar leads me to reflect on whether data should be treated as a public good

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Danny Ben-Shahar gave a really nice paper (co-authored with Roni Golan) at the ASSA meetings yesterday about a natural experiment in the i...
Wednesday, December 07, 2016

The Trouble with DTI as an Underwriting Variable--and as an Overlay

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Access to mortgage credit continues to be a problem.  Laurie Goodman at the Urban Institute shows that, under normal circumstances (say th...