Reducing Foreclosures

Reducing Foreclosures
Author :
Publisher : DIANE Publishing
Total Pages : 53
Release :
ISBN-10 : 9781437928778
ISBN-13 : 1437928773
Rating : 4/5 (773 Downloads)

Book Synopsis Reducing Foreclosures by : Christopher Foote

Download or read book Reducing Foreclosures written by Christopher Foote and published by DIANE Publishing. This book was released on 2009 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. The authors focus on two key decisions: the borrower's choice to default on a mortgage and the lender's subsequent choice whether to renegotiate or modify the loan. Unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely to be the main reason that borrowers decide to default. The efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date. Policies designed to reduce foreclosures should focus on ameliorating the effects of job loss rather than modifying loans to make them more affordable on a long-term basis. Illustrations.


Reducing Foreclosures Related Books

Reducing Foreclosures
Language: en
Pages: 53
Authors: Christopher Foote
Categories: Law
Type: BOOK - Published: 2009 - Publisher: DIANE Publishing

DOWNLOAD EBOOK

Takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. The authors focus on two key decis
Reducing Foreclosures
Language: en
Pages: 53
Authors: Christopher L. Foote
Categories:
Type: BOOK - Published: 2014 - Publisher:

DOWNLOAD EBOOK

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. We use an economic mode
Reducing Foreclosures: No Easy Answers
Language: en
Pages:
Authors:
Categories:
Type: BOOK - Published: 2009 - Publisher:

DOWNLOAD EBOOK

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and distills some potential lessons for policy. We use an e
Reducing Foreclosures
Language: en
Pages:
Authors:
Categories:
Type: BOOK - Published: 2009 - Publisher:

DOWNLOAD EBOOK

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. We use an economic mode
Progress of the Making Home Affordable Program
Language: en
Pages: 236
Authors: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Categories: Foreclosure
Type: BOOK - Published: 2010 - Publisher:

DOWNLOAD EBOOK