Is it Time to Do Something Radical to Save the Housing Market?

Over the weekend, Yale Professor Robert Shiller (of the S&P/Case-Shiller Home Price Index) wrote a really interesting editorial in the New York Times that suggests a novel and radical way to clear the market of underwater mortgages. �He references a paper by Cornell Professor Robert Hockett that suggests that the government seize underwater mortgages from [...]

Source: http://www.totalmortgage.com/blog/mortgage-rates/is-it-time-to-do-something-radical-to-save-the-housing-market/17447

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