Abstract

Purpose: This paper aims to document the economic importance of the housing sector, as measured by its contribution to gross domestic product (GDP), which is not fully recognized. In response to the joint economic and health crises caused by the COVID-19 pandemic, there is an opportunity for...

<title>Abstract</title> Stegman et al. show that high‐quality servicing can help keep borrowers who would normally be considered subprime from experiencing foreclosure. This comment discusses the results Stegman et al. present and also explains how loan modification helped alleviate past mortgage...