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We investigate whether homeowners respond strategically to news of mortgage modification programs. We exploit plausibly … strategic behavior should be an important consideration in designing mortgage modification programs …
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We investigate whether homeowners respond strategically to news of mortgage modification programs by defaulting on …-to-value ratios. These results suggest that strategic behavior of borrowers should be an important consideration in designing mortgage …
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We investigate whether homeowners respond strategically to news of mortgage modification programs. We exploit plausibly … strategic behavior should be an important consideration in designing mortgage modification programs …
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