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 Issue of April 28, 2008 
   
Loan and Behold
By and large, students are supposed to be broke. The lack of cash during our college years forced most of us to subsist on Ramen noodles and free luncheons. It built character (or so we were told) and was something we would look back on and laugh about in later years.
Rent to Own
For those who can’t afford their mortgage payments but can manage rent checks, help may be on the way. Six Boston city councilors are taking on lenders in an effort to keep homeowners in their homes – as tenants.
Government and the Economy
By Ronald Homer
A year ago in this same forum, I shared the view that the growing default rate in the subprime mortgage market was just the tip of a credit-cycle iceberg masking a much wider problem with housing prices that eventually would lead to a recession. The problems associated with the mortgage industry have been deeper and wider than anyone anticipated with the magnitude of the impact on the housing market and the economy still unfolding. However, the potential remedy – regulatory action and government support – remains the same.

Federally Subsidized Housing Offers Right Risk-Adjusted Returns
By Richard J. Henken
Smart investors are continually on the lookout for opportunities to earn strong risk-adjusted returns. A fresh, little-known asset class can reward investors who understand its hybrid benefits. In strong markets, projects backed by the Department of Housing and Urban Development provide a unique opportunity to combine bond-like fixed-income properties with the potential for growth through real estate appreciation.

Bank CEOs Say Credit Crisis Near End, but Is It?
By Rachel Beck
Bank CEOs missed the mark in forecasting the destructive path of today’s credit crisis. That’s why we shouldn’t take too seriously their predictions that it is almost over now.

LETTER TO THE EDITOR
The assertion by Michael Tesler, adjunct marketing professor at Bentley College, that students living in Boston’s Downtown Crossing won’t improve the area because they don’t have much money to spend (“Association President Sees Light at End of Crossing Tunnel,” Banker & Tradesman issue of April 14) is not backed up by the numbers, nor by the evidence at the street level.
Check & Balance
Banker & Tradesman's political cartoon.


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