We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and … the circuit court decisions did not consistently affect mortgage terms. These results suggest that strip-down would be an …

begins with an overview of the different loss mitigation tools that mortgage lenders and policymakers have used in the past … rather try to help homeowners who have already experienced foreclosure. -- mortgage ; foreclosure ; modification …