Written with Shamim Adam People who are underwater on their home mortgages probably will accept “significantly” lower wages than other homeowners, according to a study published this month by the Federal Reserve Bank of Atlanta. The recent U.S. housing bust left many homeowners...
Read more »Underwater Homeowners Will Work for Less Pay
Obama: Romney’s Tax, Your Tax
President Barack Obama is not letting go of Mitt Romney’s taxes. And the president’s re-election campaign, with its newest post-convention, post-9/11 attack ad against his Republican rival, is taking his opponent to task for not spelling out how he might...
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Photograph by Joe Raedle/Getty Images
A home for sale in Miami.
Bloomberg by the Numbers: $911
That’s the change in the cost of a monthly mortgage payment for a hypothetical $500,000 30-year fixed jumbo mortgage. Five years ago the interest rate for a 30-year fixed jumbo mortgage was 7.13% which would have a monthly payment of...
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Photograph by Joe Raedle/Getty Images
Angela and Michael Daniels help clean up in front of a foreclosed home, owned by Bank of America, on May 3, 2012 in Miami.
Magic Number of the Day: 5.05 million
That’s the number of U.S. homes that are in foreclosure or for which mortgage payments are at least 90 days past due, according to a Bloomberg News estimate from data released by the Mortgage Bankers Association. That’s a decrease from...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
