The Duration of Foreclosures in the Subprime Mortgage Market: A Competing Risks Model with Mixing
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چکیده
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متن کاملThe Subprime Mortgage Mess: A Chicago Perspective
In this article, I survey the state of the mortgage loan transfer system, the legal rules that govern it, and the widening gap between those rules and the practices in the secondary mortgage market just prior to the 2008 crisis. The review includes some empirical assessment of the extent of errors and execution problems; the damage done by "robo-signing;" the Mortgage Electronic Registration Sy...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.899948