rssPosts by Ryan Avent
Recapturing Writedowns
Here’s a fun accounting term to remember: accretable yield. That’s the difference between a loan’s value on a bank’s balance sheet and the expected cash flow from the loan. Bloomberg reports:
JPMorgan Chase & Co. stands to reap a $29 billion windfall thanks to an accounting rule that lets
Hope for ‘Hope for Homeowners?’
Among the many housing policy disappointments sustained during the bust, the Hope for Homeowners mortgage refinancing program has to rank as the disappointing-est. Originally estimated as having the potential to aid nearly half a million struggling borrowers, the program has resulted in just one successful loan refinancing More…
A Housing Bottom Grows Nearer
The end of the month heralds the publication of the latest S&P/Case-Shiller data on home prices, and today’s the lucky day. Predictably, prominent media organizations are discussing the release in the present tense, despite the fact that it contains the March data. The More…
