We are often told that the 30-year fixed rate mortgage is essential to ensuring that our homeownership rate remains high, yet you point out that, quote, 'In no other country is the 30-year fixed rate mortgage the dominant instrument.'
Rothfus questions the necessity of the 30-year fixed mortgage in maintaining homeownership rates.
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An important principle supporting this effort is that we need to consider the cost and benefits of any major change.
Given this distinction, how will the Fed be tailoring regulations for banks above the $250 billion threshold?
Regulatory reform and technological advances can help the financial sector regain its vibrancy.
Last year, Congress passed a multi-trillion dollar tax cut for--as you are well aware--and I think the theory behind it is as reported in the press and by some of my colleagues was that it would spur investment and thereby increase hiring…
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