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Roger Lowenstein News

Roger Lowenstein News From AOL News

It's Mainly Rich Folks Who Are Walking Away from Their Mortgages

By Paul WachterJul 9th 2010 – 9:13AM

(July 9) -- Today's New York Times challenges the conventional wisdom with an article on the types of Americans who are walking away from their mortgages: It's mainly the rich, not the poor. "Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a...

Background on Roger Lowenstein

Roger Lowenstein (born in 1955) is an American financial journalist and writer. He graduated from Cornell University and reported for the Wall Street Journal for more than a decade, including two years writing its Heard on the Street column, 1989 to 1991. Born in 1955, he is the son of Helen and Louis Lowenstein of Larchmont, N.Y.

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