Bookmark this site
NEW YORK, Feb 24 (Reuters) – Sanjiv Ranjan Das, a professor at California’s Santa Clara University, last fall attacked the problem of “underwater” mortgages often cited as an Achilles’ heel to the U.S. housing market.
He had a special fan: Sanjiv Das, the top executive at CitiMortgage, the nation’s fourth-largest home loan lender and servicer of $723 billion in mortgages.
Coincidental ties extending back to their mid-1980s attendance at the Indian Institute of Management have resulted in meetings of the academic and banking minds over the biggest conundrum of today’s housing market.
Read more from Reuters
