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This study investigated why documentation of some homeowners who participated in the trial period plan (TPP) of HAMP went missing using a model of strategic behavior of homeowners and servicers. I found that the likelihood of cancellation of the TPP for missing documentation was higher for those...
Persistent link: https://www.econbiz.de/10013093600
This paper examines how differences in state foreclosure laws influence the incidence of default in the residential … crisis. We argue that state foreclosure laws should have little effect on the likelihood of liquidity events (for example …-friendly foreclosure laws. Moreover, we find that foreclosure laws that are positively correlated with default are also negatively …
Persistent link: https://www.econbiz.de/10013068109
in county land title records. Most importantly, MERS is also filing foreclosure lawsuits on behalf of financiers against … relied on it, including (1) whether MERS actually has standing to bring foreclosure actions; (2) whether MERS should be … culminates in a discussion of MERS' culpability in fostering the mortgage foreclosure crisis and what the long term effects of …
Persistent link: https://www.econbiz.de/10013070791
there is a “stigma” foreclosure discount whereby REO properties sell at lower prices simply because they have been involved … in foreclosure proceedings. To the extent that such a discount exists, arbitrage opportunities exist and the associated … market failure has significant policy implications. We examine the foreclosure discount from a different perspective than …
Persistent link: https://www.econbiz.de/10013039183
for a state with an average home equity exemption, the subprime foreclosure rate after BAR rose 11 percent relative to …
Persistent link: https://www.econbiz.de/10013076286
local demographic characteristics and state level legislation regulating foreclosure procedures and predatory lending. We … level. We observe significant variation in the rate of foreclosure across states. Those states imposing higher temporal and … financial institution foreclosure activities. This is one of many proposed directives for addressing the current mortgage …
Persistent link: https://www.econbiz.de/10013152709
cannot explain the behavior of foreclosure rates on prime mortgages. Examining the foreclosure rates on fixed- and adjustable …
Persistent link: https://www.econbiz.de/10013152980
cannot explain the behavior of foreclosure rates on prime mortgages. Examining the foreclosure rates on fixed- and adjustable …
Persistent link: https://www.econbiz.de/10013156239
in detail the Danish system on foreclosure of real estate, again including appendixes with English translations of the …
Persistent link: https://www.econbiz.de/10013159201
standards on mortgage lending, which is reflected in rising foreclosure rates. We develop a methodology for decomposing the …
Persistent link: https://www.econbiz.de/10013159350