Mortgage Foreclosure Prevention Efforts
نویسندگان
چکیده
منابع مشابه
Protecting Minority Homeowners: Race, Foreclosure Counseling and Mortgage Modifications
Millions of minority homeowners are at risk of losing their homes as a result of the housing crisis due to mortgage foreclosure and home repossession. One consumer-oriented policy response to this crisis is mortgage default counseling for borrowers. This study examines the rate at which minority borrowers seek default counseling and the resulting correlation between counseling and the probabili...
متن کاملGetting sick and falling behind: health and the risk of mortgage default and home foreclosure.
BACKGROUND An emerging literature shows that mortgage strain can lead to poor health outcomes, but less work has focused on whether and how health shocks influence mortgage distress. We examine the link between changes in health status and default/foreclosure risk among older middle-aged adults. METHOD We used National Longitudinal Study of Youth 1979 data and multivariate logistic regression...
متن کاملChanging the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
Many U.S. states imposed temporary moratoria on farm and nonfarm residential mortgage foreclosures during the Great Depression. This article describes the conditions that led some states to impose these moratoria and other mortgage relief during the Depression and discusses the economic effects. Moratoria were more common in states with large farm populations (as a percentage of total state pop...
متن کاملReducing Home Mortgage Foreclosures in a Predatory Lending Environment: a Case Study of Mid-sized City in Central New York
This article discusses the growing problem of predatory lending, particularly in low-income, inner city neighborhoods, with a case study of communities in Syracuse, New York. The author documents mortgage lending activities and foreclosure patterns in central New York and argues for continued education throughout the home-buying process. A program that reduced foreclosures in low-income urban n...
متن کاملResidential Mortgage Default
although default rates on residential mortgages have been relatively low in recent years, policymakers and economists should still be concerned about mortgage default for several reasons. First, while the foreclosure rate in the u.s. has averaged only 1 percent over the past 20 years, there have been dramatic swings in regional default rates over this period. For example, in the early 1990s for...
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