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Compensation and Incentives in the Mortgage Business
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John M. Quigley
Published/Copyright:
October 13, 2008
John Quigley, a Berkeley economics professor and an expert on housing markets, argues that poor incentive contracts in the mortgage industry helped cause the present mess and suggests simple steps to align industry incentives with the public interest.
Published Online: 2008-10-13
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Column
- What if the Median Voter Were a Failing Student?
- Compensation and Incentives in the Mortgage Business
- The Case against Housing Price Supports
- Plan B
- Paulson's Latest and an Alternative: Why the Treasury Should Buy Common, Not Preferred, Stock and Why LIBOR Deposit Guarantees Could Backfire
- Vote for Charity's Sake
- Taxes under Obama and McCain
- The Next Collapse: U.S. Price Inflation
- Letter
- Letter: Should Liberals (or Anyone Else) Really Support Social Security "Personal Accounts"?