2011-01-21 — mortgagenewsdaily.com
"Two university researchers are proposing a new type of mortgage which they contend would reduce the economic incentive to default on loan obligations while not increasing the cost to either the lender or the borrower. The concept of an "adjustable balance mortgage" is presented in a forthcoming article in Real Estate Economics by Brent Ambrose, Smeal Professor of Real Estate and director of the Institute for Real Estate Studies at the Penn State Smeal College of Business, and Richard Buttimer, a professor in the Belk College of Business at the University of North Carolina at Charlotte."
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