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~isPartOf:"Staff reports / Federal Reserve Bank of New York"
~person:"Abel, Joshua"
~subject:"Mortgage"
~subject:"Welt"
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How do mortgage refinances affect debt, default, and spending? : evidence from HARP
Abel, Joshua
;
Fuster, Andreas
-
2018
borrowers' default rates on
mortgages
and nonmortgage debts by about 40 percent and 25 percent, respectively. Refinancing also …
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