Normally during a downturn, refinancing activity "really gets the economy going, and it isn't happening right now," says Alan Boyce, a bond-market veteran who runs Absalon, a company backed by billionaire financier George Soros that is pushing to change how U.S. mortgages are financed.
Date: May 08, 2012
Category: Business
Source: Google
Mass Refi Plan Would Hit Pensions While Easing Mortgage Payments
One idea, which would target Fannie Mae and Freddie Mac borrowers with 30-year loans, could inject at least $36 billion a year into the economy, said Alan Boyce, who with Columbia University Business School Dean R. Glenn Hubbard and Professor Christopher J. Mayer co-authored a widely circulated prop
Felicia Robinson (1983-1989), Bilal Rizvi (1996-2000), David DeClue (1970-1974), George Edens (1946-1950), Randy Moutray (1961-1964), Alan Boyce (1952-1956)