Raphael Bostic

Articles by Raphael Bostic

When Bad Loans Happen to Good People: The Horror Story of the “Monster”

While much of my academic career has been spent studying how families get credit to buy homes, the past few years have made me much more aware that simply getting credit isn’t a goal in itself. No, if the credit isn’t sensible and sustainable, the pain can be far worse than any gain that could have resulted. Consider these stories…

You would have never known, unless you were trained to look for the signs, that Clarence and Wendy Wincentsen were a good mark …