Could poor math skills raise your risk for foreclosure?
Borrowers who struggle with math are more likely to fall behind on their mortgage payments and face foreclosure than those who have stronger financial skills, new research suggests.
Borrowers who struggle with math are more likely to fall behind on their mortgage payments and face foreclosure than those who have stronger financial skills, new research suggests.
Economics & Business
Jun 24, 2013
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In 2007, the American housing boom ended, and there was heightened risk of a housing crisis. Private securitizers withdrew from purchasing high-risk mortgages, while government-sponsored enterprises, Fannie Mae and Freddie ...
Economics & Business
Jun 14, 2021
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7
Organisations must dramatically improve their response to cyber risks to avoid a new global shock on the scale of the financial crisis that rocked the world in 2008, a study showed Tuesday.
Security
Apr 22, 2014
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LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.
Telecom
May 14, 2012
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(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 ...
Social Sciences
Feb 16, 2012
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Researchers have developed a new theory of how changing market conditions can lead large numbers of otherwise cautious consumers to buy risky products such as subprime mortgages, cryptocurrency or even cosmetic surgery procedures.
Social Sciences
May 20, 2024
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1
Owning a home has long been considered a crucial way to build wealth, but making such a purchase has become increasingly difficult for many residents. In addition to steep housing prices and high interest rates, there have ...
Economics & Business
Apr 2, 2024
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1
When cyclones and floods hit populated areas, people's ability to pay their mortgage differs depending on the type and intensity of the extreme weather, research suggests.
Economics & Business
Jan 16, 2024
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2
Homeownership has long been thought of as the great Australian dream. For individuals, it's seen as the path to adulthood and prosperity. For the nation, it's seen as a cornerstone of economic and social policy.
Social Sciences
Nov 6, 2023
0
16
Banks reporting high profits in good times could be taking greater risks with their portfolios that lead to bigger trouble in a future downturn, according to a study co-authored by a University of Michigan researcher and ...
Economics & Business
Oct 3, 2023
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1