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Jack M. Guttentag is Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. More

Recent Articles

Why Do Borrowers Pay For Mortgage Insurance?

This article explains why mortgage insurance paid directly by borrowers is more costly to them than a system where the cost of insurance is included in the price of the mortgage. Read Article

Looking For a Safe Investment With a High Yield? Pay Off Your Mortgage Insurance!

This article describes a new spreadsheet on my site that allows borrowers to assess the benefit and costs of paying off their private mortgage insurance. Read Article

Keeping Tabs on a HECM Reverse Mortgage: A New Tool For Seniors

This article describes a new spreadsheet that allows a senior with a HECM reverse mortgage to assess possible modifications in the way that funds are drawn, and whether a refinance would be beneficxial. Read Article

Some Questions I Have Been Asked

This article looks at 4 of the more interesting questions I have received. Read Article

Market Dysfunction: Another Remediable Weakness of the Home Loan Market

This article explains why the home loan market is dysfunctional, and the measures needed to fix it. Read Article

How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared

This article compares alternatiive strategies for using a HECM reverse mortgage to generate additional income in the future. Read Article

Keep Fannie Mae and Freddie Mac Until They Are No Longer Needed

This article argues that Fannie and Freddie won't be replaced by the private sector unless the Federal Government authorizes a new system of mortgage banks. Read Article

When Does it Make Sense For a House Purchaser to Pay All Cash?

This article explains an easily overlooked condition that can make an all cash house purchase less advantageus than employing a mortgage. Read Article

Foreclosures of Reverse Mortgages Are Different

Foreclosures of reverse mortgages differ from foreclosures of standard mortgages in that they seldom involve an eviction from the property. Read Article