Reducing Foreclosures

Released on by Christopher Foote
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  • Reducing Foreclosures Book Detail

  • Author : Christopher Foote
  • Release Date : 2009
  • Publisher : DIANE Publishing
  • Genre : Law
  • Pages : 53
  • ISBN 13 : 1437928773
  • File Size : 57,57 MB
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Reducing Foreclosures by Christopher Foote PDF Summary

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.

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Reducing Foreclosures

Reducing Foreclosures

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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

Foreclosure Problems and Solutions

Foreclosure Problems and Solutions

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Foreclosure problems and solutions : federal, state, and local efforts to address the foreclosure crisis in Ohio : field hearing before the Subcommittee on Hous