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The housing crisis -- The breakdown of mortgage servicing & loss mitigation -- Zombie mortgages & abandoned properties … -- The benefits & harms of intervention -- Rethinking home : housing post-crisis -- Foreclosure or a more sustainable … mortgage? -- Picking up the pieces & revitalizing neighborhoods -- Where do we go from here? …
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During the Great Recession, the collapse of consumption across the U.S. varied greatly but systematically with house-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks. We uncover two essential facts: (1) the...
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mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …
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mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure … reinterpretation of the U.S. foreclosure crisis as more of a prime, rather than a subprime, borrower issue. Moreover, traditional …
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, autonomy, and a particular legitimate version of the "home." Despite this promotion, just before and during the Foreclosure … of its mortgage contract. From this model, it could comfortably limit people's rights to their homes, especially for the …. Drawing from the experience of City of Baltimore in the Mortgage Crisis, I argue that property and housing policy should …
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