Add to ORKGThis article examines voluntary efforts by mortgage servicers to resolve the mortgage debt overhang by renegotiating mortgage terms with borrowers. Data from national reports on mortgage modifications, as well as from monthly remittance reports by mortgage servicers to their investors is analyzed. The author provides background of the voluntary plan to resolve the subprime mortgage crisis and previous reports on voluntary loan modifications, and presents data on loan modification outcomes. The author concludes that the voluntary mortgage renegotiation plan, while significantly reducing hardship for individual homeowners temporarily, does little to get at the underlying problem of debt overhang. Furthermore, that the subprime crisis will dra...
The housing crisis ignited a chain reaction of events that resulted in the U.S. economy cascading to...
From 2007 through 2011, the United States housing market suffered a severe imbalance in supply and d...
During the 2000s U.S. mortgage borrowing experienced its most volatile cycle in the postwar record, ...
This article examines voluntary efforts by mortgage servicers to resolve the mortgage debt overhang ...
The subprime foreclosure crisis has resulted in residential mortgage debt burdens far beyond what bo...
Sustained economic recovery will remain elusive in America, post-crash, until principal is reduced o...
In this article we model strategic default and renegotiation in residential mortgage contracts. In p...
The Great Recession renewed focus on various stages of a mortgage's life---how they are originated, ...
The real estate market crash was a major contributor in creating the dismal global economic situatio...
Following the 2007-2008 global financial crisis, housing finance remains a major potential source of...
This Article argues that a principal-agent problem plays a critical role in the current foreclosure ...
Mortgage foreclosure has broad social costs that impact all participants in housing markets. Due to ...
The subprime mortgage crisis was not only an economic disaster but posed challenges to traditional r...
In 2007, Rick Sharga, vice president of marketing at RealtyTrac, stated that with more stringent len...
This article describes the development of mortgage markets in the United States in the twentieth cen...
The housing crisis ignited a chain reaction of events that resulted in the U.S. economy cascading to...
From 2007 through 2011, the United States housing market suffered a severe imbalance in supply and d...
During the 2000s U.S. mortgage borrowing experienced its most volatile cycle in the postwar record, ...
This article examines voluntary efforts by mortgage servicers to resolve the mortgage debt overhang ...
The subprime foreclosure crisis has resulted in residential mortgage debt burdens far beyond what bo...
Sustained economic recovery will remain elusive in America, post-crash, until principal is reduced o...
In this article we model strategic default and renegotiation in residential mortgage contracts. In p...
The Great Recession renewed focus on various stages of a mortgage's life---how they are originated, ...
The real estate market crash was a major contributor in creating the dismal global economic situatio...
Following the 2007-2008 global financial crisis, housing finance remains a major potential source of...
This Article argues that a principal-agent problem plays a critical role in the current foreclosure ...
Mortgage foreclosure has broad social costs that impact all participants in housing markets. Due to ...
The subprime mortgage crisis was not only an economic disaster but posed challenges to traditional r...
In 2007, Rick Sharga, vice president of marketing at RealtyTrac, stated that with more stringent len...
This article describes the development of mortgage markets in the United States in the twentieth cen...
The housing crisis ignited a chain reaction of events that resulted in the U.S. economy cascading to...
From 2007 through 2011, the United States housing market suffered a severe imbalance in supply and d...
During the 2000s U.S. mortgage borrowing experienced its most volatile cycle in the postwar record, ...