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, autonomy, and a particular legitimate version of the "home." Despite this promotion, just before and during the Foreclosure …
Persistent link: https://www.econbiz.de/10012996018
In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolution policies may need to be adapted to help contain negative feedback loops while...
Persistent link: https://www.econbiz.de/10013028680
foreclosure crisis. Research on defaults was advanced both theoretically and empirically by the time the crisis began, but …
Persistent link: https://www.econbiz.de/10012941900
Persistent link: https://www.econbiz.de/10012388711
This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and distills some … and empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible …
Persistent link: https://www.econbiz.de/10012463586
explain between 40% to 65% of the initial rise in foreclosure rates. Furthermore, we run policy experiments which suggest that …
Persistent link: https://www.econbiz.de/10012459338
We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
Persistent link: https://www.econbiz.de/10012460317
. The current U.S. home mortgage foreclosure crisis has a staggering impact on homeowners, lenders, families, neighborhoods …, municipalities, and states. Foreclosure mediation programs are an effective response by states, cities, and courts to address the … impact of the foreclosure crisis. Mandatory foreclosure mediation programs help homeowners keep their homes and aids …
Persistent link: https://www.econbiz.de/10012835690
Persistent link: https://www.econbiz.de/10012208050
Since the 2008 financial crisis, unprecedented numbers of homes have been lost to foreclosure in the United States, all … that most homeowners in foreclosure are unable to find lawyers to represent them. At the same time, clinical legal … deep need for legal representation by homeowners in foreclosure. Each of us has experience representing homeowners in …
Persistent link: https://www.econbiz.de/10012904969