The effects of local demographic characteristics and state-level legislation on foreclosure rates

Problems in the housing sector have prompted research into the causes of default by borrowers. The terms of the loans that were made, the characteristics of borrowers, and local economic conditions, among other factors, all contributed significantly to differences in default rates. State-level legislation may also have played a role by making it more costly for lenders in some states to proceed to foreclose on defaulted mortgages.

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Year of publication:	2010
Authors:	Lawrence, Ross ; Smith, Brent C.
Published in:	Richmond Fed Economic Brief. - Federal Reserve Bank of Richmond. - 2010, Sep, 10-09
Publisher:	Federal Reserve Bank of Richmond
Subject:	Housing \| Foreclosure \| Mortgage loans

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008764403