KNX 1070 AM interviewed Richard Green of the USC Lusk Center on options for homeowners with federally backed mortgages who are at risk of foreclosure. “It is a really good program and it is really disturbing that not everyone has taken advantage of it who might.” Listen here
Newsweek featured Richard Green of the USC Lusk Center on why extending unemployment benefits and increasing rental assistance could stave off a housing crisis. “[Expanded unemployment benefits] would save the renters, landlords and lenders, and we’re borrowing at zero interest right now. It seems like a no-brainer.” Richard Green Tweet Read more…
by Raphael Bostic In her new book How the Other Half Banks, Mehrsa Baradaran, a law professor at the University of Georgia, tells the true story of three borrowers. The first, named Tanya, is a single mother of two. She had to take off work to take care of her son Read more…
The Wall Street Journal highlighted research by USC Price Ph.D. candidate Arthur Acolin in the post “Lopsided Housing Rebound Leaves Millions of People Out in the Cold.” Acolin and colleagues predict the rate could dip to 58 percent or lower by 2050. This may in turn affect future spending when younger Read more…
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 Read more…