The collapse of the market for subprime mortgage-backed securities (MBS) and other complex derivative securities created a panic among the global investors and short-term lenders who finance such assets, resulting in large losses for investment funds and banks around the world. Critics claim that the major rating agencies failed to...

High loan-to-value mortgage lending is a fast-growing sector of the mortgage industry that has evolved to meet the needs of today's consumers.

Are ratings agencies to blame for the current mortgage crisis?

The financial crisis was not caused by the disorderly bankruptcy of Lehman Brothers, but by a common shock to all firms: the decline in mortgage values after the housing bubble collapsed, exacerbated by mark-to-market accounting.

Grand claims about the transformative power of technology in education are common, yet decades of high school redesign have yielded mixed results. One of the most widely touted efforts to tackle these challenges has been the School of the Future in the Philadelphia School District, created in 2006 through a...

Bankruptcy rates are higher in the United States than in any other industrialized country and are rising sharply.

The extraordinary power given to regulators--and particularly the Federal Reserve--is likely to change the nature of the U.S. financial system.