"Insanity in Today's Mortgage Market"

That's the title of the latest policy article, written by Jack Guttentag, outlining the present state of the mortgage market since the latest financial crisis.  Bottom line: good mortgage lending opportunities are being overlooked in today's market.  Mr. Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania and one of the nation's premier experts in housing finance.  He also has an excellent website: www.mtgprofessor.com  This article and others in his library make for great reading.  A highly recommended browser bookmark for those following housing policy in the United States.

Many years ago, I was introduced to Jack's work by a colleague of his at Wharton, Dr. Ken Thomas.  Ken is also a  prominent banking consultant, based in Miami, who I have had the pleasure to know for over two decades.

Jack's excellent article trumps what I had on the blog stove-top this week.  Without further ado and because the material is copyrighted, please click on this article title:  Insanity in Today's Mortgage Market