Reducing Foreclosures is popular PDF and ePub book, written by Christopher Foote in 2009, it is a fantastic choice for those who relish reading online the Law genre. Let's immerse ourselves in this engaging Law book by exploring the summary and details provided below. Remember, Reducing Foreclosures can be Read Online from any device for your convenience.
Reducing Foreclosures Book PDF Summary
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.
Detail Book of Reducing Foreclosures PDF
- Author : Christopher Foote
- Release : 21 September 2024
- Publisher : DIANE Publishing
- ISBN : 9781437928778
- Genre : Law
- Total Page : 53 pages
- Language : English
- PDF File Size : 20,9 Mb
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