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Real Estate
The Real Estate Adviser |
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November 6, 2008
Tom Kelly: Creative thinking would help fix mortgage mess
By Tom Kelly
Special to the Journal
Special to the Journal
The business owner who gave me my first job welcomed criticism of his shop, as long as I brought a proposed solution to the problem. We've tried to instill the same practice with our children. Not only did it reduce the number of gripes our fabulous four shared at the dinner table while growing up, but it also sparked wonderful creativity and conversations.
Ted Jones, chief economist for Stewart Title and former professor at Texas A&M University, is leading a charge to spark more creative thinking about solving the mortgage mess in this country and stopping the whining about shady lenders, greedy investors and clueless consumers. While Jones and other housing analysts clearly believe that real estate is a regional enterprise, a couple of his proposed solutions could have national appeal.
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Previous columns:
- The Real Estate Adviser: Should you lock loans in this crazy market?, 10-30-2008
- The Real Estate Adviser: When in doubt, remodel home to meet your needs, 10-23-2008
- The Real Estate Adviser: Home improvements just for your family, 10-16-2008
- The Real Estate Adviser: Option ARM: the loan that took down WaMu, 10-09-2008
- The Real Estate Adviser: WaMu's mortgage troubles started in '96, 10-02-2008
- The Real Estate Adviser: Foreclosure scams are on the increase, 09-25-2008
- The Real Estate Adviser: Niche lenders target U.S. buyers in Mexico, 09-18-2008
- The Real Estate Adviser: Reading the fine print on reverse mortgages, 09-11-2008