Mortgage risks underestimated, economists conclude

(Phys.org)—The Federal Housing Authority (FHA) underestimates the risks of defaulted mortgages, NYU economist Andrew Caplin concludes in a new study co-authored with economists at the Federal Reserve Bank of New York.

Crowdfunding aims to help students follow their dreams

A new crowdfunding platform that lets investors back individual people rather than specific ideas or projects will be piloted at the University of Michigan and four other universities this fall, company officials announced ...

Mortgage defaults at lowest level since 2005

Default risk on home loans is now at its lowest level in seven years, says a professor at the University of Michigan's Ross School of Business.

The crisis of shareholder primacy

If we want to prevent the next financial crisis, a new model of corporate governance is needed to replace shareholder primacy in financial institutions. Gates Scholar Mike Marin explains why.

Study posits a theory of moral behavior

(PhysOrg.com) -- Why do some people behave morally while others do not? Sociologists at the University of California, Riverside and California State University, Northridge have developed a theory of the moral self that may ...

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