Michael Schill, "The Mortgage Meltdown and Its Aftermath"
The spectacular rise and fall of the housing market over the past decade has shaken the foundations of virtually every aspect of our economy. In this CBI, Dean Schill will briefly survey the causes and consequences of the "mortgage meltdown." With the current crisis as a backdrop, he will focus on two or three topics related to his research interests which include (1) whether legal and policy incentives for home ownership are desirable, (2) ; whether the structure of mortgage law makes sense and (3) the advantages and disadvantages of proposals for resolving the current mortgage crisis. This talk was recorded November 9, 2010, as part of the Chicago's Best Ideas lecture series. Michael Schill is Dean and Harry N. Wyatt Professor of Law at the University of Chicago Law School.