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Author: Christopher Foote Publisher: DIANE Publishing ISBN: 1437928773 Category : Law Languages : en Pages : 53
Book Description
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.
Author: Christopher Foote Publisher: DIANE Publishing ISBN: 1437928773 Category : Law Languages : en Pages : 53
Book Description
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.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity Publisher: ISBN: Category : Law Languages : en Pages : 544
Author: United States. Congress Publisher: Createspace Independent Publishing Platform ISBN: 9781983935794 Category : Languages : en Pages : 540
Book Description
Foreclosure problems and solutions : federal, state, and local efforts to address the foreclosure crisis in Ohio : field hearing before the Subcommittee on Housing and Community Opportunity of the Committee on Financial Services, U.S. House of Representatives, One Hundred Tenth Congress, second session, June 16, 2008.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity Publisher: ISBN: Category : Economic stabilization Languages : en Pages : 531
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity Publisher: ISBN: Category : Business & Economics Languages : en Pages : 322
Author: United States. Congress. House. Committee on Financial Services Publisher: ISBN: Category : Electronic government information Languages : en Pages : 280
Author: Christopher Foote
Author: Christopher Foote
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Author: 
Author: United States. Congress
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Author: Northern Illinois University. College of Law
Author: United States. Congress. House. Committee on Financial Services
Author: United States. Congress. House. Committee on Financial Services
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
Author: United States. Congress. House. Committee on Financial Services