Mark Zandi is the chief economist at Moody’s Analytics.
Articles by this author
Monday, August 13, 2012
The One Housing Solution Left: Mass Mortgage Refinancing
More than four million Americans have lost their homes since the housing bubble began bursting six years ago. An additional 3.5 million homeowners are in the foreclosure process or are so delinquent on payments that they will be soon. With 13.5 million homeowners underwater — they owe more than their home is now worth — the odds are high that many millions more will lose their homes.