In the News
For Some Subprime Borrowers, Few Good Choices
New York Times quotes Stan Ross on subprime mortgage meltdown
March 22, 2007
Much of the revamping will start occurring once investors sell off or write down the value of the loans to account for decreases in home prices and the delinquent status of the loans, said Stan Ross, chairman of the Lusk Center for Real Estate at the University of Southern California. Some borrowers may find that they can stay in their homes if the value is written down enough.