*********************************
There is now a CONTENT FREEZE for Mercury while we switch to a new platform. It began on Friday, March 10 at 6pm and will end on Wednesday, March 15 at noon. No new content can be created during this time, but all material in the system as of the beginning of the freeze will be migrated to the new platform, including users and groups. Functionally the new site is identical to the old one. webteam@gatech.edu
*********************************
In his op-ed, Professor Dan Immergluck asserts the continued need for long-term, fixed-rate mortgages over adjustable rate mortgages, which have higher rates of loan default due to its shift of interest rate risk to the borrower. Immergluck states, "The answer to not putting too much risk on the back of the government is not to shift it onto (often unsophisticated) homeowners, most of whom have essentially no ability to hedge against such risk. The answer is to have a well-regulated private sector, together with some carefully financed government insurance, deal with interest rate risks.
Dan Immergluck writes extensively on the foreclosure crisis in his publication, Foreclosed: High-risk Lending, Deregulation, and the Undermining of America's Mortgage market.
