Portside

Yet total interest on that same 50-year loan would accrue to about $816,000, almost double the $438,000 in interest paid over a 30-year term, he calculated.

As fewer people remain able to afford rent in big cities, more leave those cities for cheaper regions, or simply fall out of the housing market and into homelessness. Think tanks and activist groups are thinking outside the box with solutions.

"Once again, it's the mismatch between the debt and the borrower's income, their ability to repay."

Lesson No. 1: Don’t trust bank stress-test results.

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According to reports from a new Bank of America whistle-blower, BoA is seeking to avoid providing required payments to homeowners to compensate for an initial round of illegal practices by selling off the servicing rights to fly-by-night organizations that specialize in abusing customers.