Causes Of The Foreclosure Crisis
DOWNLOAD
Download Causes Of The Foreclosure Crisis PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Causes Of The Foreclosure Crisis book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Report To Congress On The Root Causes Of The Foreclosure Crisis
DOWNLOAD
Author : Christopher E. Herbert
language : en
Publisher: DIANE Publishing
Release Date : 2010-06
Report To Congress On The Root Causes Of The Foreclosure Crisis written by Christopher E. Herbert and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06 with Law categories.
Analyzes data and trends in the residential housing market and reviews the academic lit. and industry press on the root causes of the current foreclosure crisis (FC). Provides a review of policy responses and recommended actions to mitigate the FC and help prevent similar crises from occurring in the future. Contents: (1) Trends in Delinquencies and Foreclosures: Regional Trends in Foreclosures; (2) Lit. Review: General Lit. on Causes of Foreclosures and Delinquencies; Lit. Assessing Causes of the Current FC; Factors Enabling Expanded Risky Lending; (3) Policy Responses to the FC: Efforts To Address Rising Foreclosures; Efforts To Reduce the Risk of High Rates of Mortgage Foreclosures in the Future; Mortgage Market Reform. Illus.
Causes Of The Foreclosure Crisis
DOWNLOAD
Author : Christopher L. Foote
language : en
Publisher:
Release Date : 2012-04-05
Causes Of The Foreclosure Crisis written by Christopher L. Foote and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-04-05 with categories.
Presents 12 facts about the mortgage crisis. The authors argue that the facts refute the popular story that the crisis resulted from finance industry insiders deceiving uninformed mortgage borrowers and investors. Instead, they argue that borrowers and investors made decisions that were rational and logical given their ex post overly optimistic beliefs about house prices. Neither institutional features of the mortgage market nor financial innovations are any more likely to explain those distorted beliefs than they are to explain the Dutch tulip bubble 400 years ago. Economists should acknowledge the limits of their understanding of asset price bubbles and design policies accordingly. Charts and tables. This is a print on demand report.
America S Foreclosure Crisis
DOWNLOAD
Author : Russell Burns
language : en
Publisher:
Release Date : 2012
America S Foreclosure Crisis written by Russell Burns and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Foreclosure categories.
The problems in the mortgage market are routinely referred to as a "foreclosure crisis" because the level of defaults and foreclosures greatly exceed previous peak levels in the post-war era and, as a result, have drawn comparisons to the levels of distress experienced in the Great Depression. This book contains a review of the academic literature and industry press on the root causes of the current foreclosure crisis, data and analysis of trends in the market, and policy responses and recommended actions to mitigate the current crisis and help prevent similar crises from occurring in the future.
Foreclosed Justice
DOWNLOAD
Author : United States. Congress. House. Committee on the Judiciary
language : en
Publisher:
Release Date : 2011
Foreclosed Justice written by United States. Congress. House. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Reducing Foreclosures
DOWNLOAD
Author : Christopher Foote
language : en
Publisher: DIANE Publishing
Release Date : 2009
Reducing Foreclosures written by Christopher Foote and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Law categories.
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.
Looming Foreclosure Crisis How To Help Families Save Their Homes
DOWNLOAD
Author : Richard J. Durbin
language : en
Publisher: DIANE Publishing
Release Date : 2009-05
Looming Foreclosure Crisis How To Help Families Save Their Homes written by Richard J. Durbin and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05 with Law categories.
Witnesses: Thomas Bennett, Bankruptcy Judge, U.S. Bankruptcy Court for the N. Dist. of AL; Jacqueline Cox, Bankruptcy Judge, U.S. Bankruptcy Court for the N. Dist. of IL; Joseph Mason, Drexel Univ.; Nettie McGee, Chicago, IL; Mark Scarberry, Pepperdine School of Law, and Amer. Bankruptcy Inst.; Henry Sommer, Nat. Assoc. of Consumer Bankruptcy Attorneys; Mark Zandi, Moody¿s. Submissions for the Record: Amer. Bankers Assoc.; Financial Serv. Roundtable; Thomas Bennett, Bankruptcy Judge; Erwin Chemerinsky, Duke Univ.; Consumer, and civil rights advocate; Consumer Fed. of Amer.; Consumer Mortgage Coalition; Jacqueline Cox, Bankruptcy Judge; Leadership Conf. on Civil Rights. Illus.
Decomposing The Foreclosure Crisis
DOWNLOAD
Author : Kristopher Gerardi
language : en
Publisher: DIANE Publishing
Release Date : 2010-06
Decomposing The Foreclosure Crisis written by Kristopher Gerardi and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06 with Business & Economics categories.
Estimates a model of foreclosure using a data set that includes every residential mortgage, purchase-and-sale, and foreclosure transaction in Mass. from 1989 to 2008. Addresses the identification issues related to the estimation of the effects of house prices on residential foreclosures. Studies the dramatic increase in foreclosures that occurred in Mass. between 2005 and 2008 and concludes that the foreclosure crisis was primarily driven by the severe decline in housing prices that began in the latter part of 2005, not by a relaxation of underwriting standards. Relaxed underwriting standards severely aggravated the crisis by creating a class of homeowners who were particularly vulnerable to the decline in prices. Charts and tables.
Reducing Foreclosures
DOWNLOAD
Author : Christopher L. Foote
language : en
Publisher:
Release Date : 2014
Reducing Foreclosures written by Christopher L. Foote and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be done to stop it. We use an economic model to 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. The theoretical model and econometric analysis illustrate that 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. In addition, this paper provides theoretical results and empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible explanation for the low number of modifications to date than contract frictions related to securitization agreements between servicers and investors. While investors might be foreclosing when it would be socially efficient to modify, there is little evidence to suggest they are acting against their own interests when they do so. An important implication of our analysis is that policies designed to reduce foreclosures should focus on ameliorating the immediate effects of job loss and other adverse life events rather than modifying loans to make them more affordable on a long-term basis.
What Caused The Financial Crisis
DOWNLOAD
Author : Jeffrey Friedman
language : en
Publisher: University of Pennsylvania Press
Release Date : 2011-06-06
What Caused The Financial Crisis written by Jeffrey Friedman and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-06 with Business & Economics categories.
The deflation of the subprime mortgage bubble in 2006-7 is widely agreed to have been the immediate cause of the collapse of the financial sector in 2008. Consequently, one might think that uncovering the origins of subprime lending would make the root causes of the crisis obvious. That is essentially where public debate about the causes of the crisis began—and ended—in the month following the bankruptcy of Lehman Brothers and the 502-point fall in the Dow Jones Industrial Average in mid-September 2008. However, the subprime housing bubble is just one piece of the puzzle. Asset bubbles inflate and burst frequently, but severe worldwide recessions are rare. What was different this time? In What Caused the Financial Crisis leading economists and scholars delve into the major causes of the worst financial collapse since the Great Depression and, together, present a comprehensive picture of the factors that led to it. One essay examines the role of government regulation in expanding home ownership through mortgage subsidies for impoverished borrowers, encouraging the subprime housing bubble. Another explores how banks were able to securitize mortgages by manipulating criteria used for bond ratings. How this led to inaccurate risk assessments that could not be covered by sufficient capital reserves mandated under the Basel accords is made clear in a third essay. Other essays identify monetary policy in the United States and Europe, corporate pay structures, credit-default swaps, banks' leverage, and financial deregulation as possible causes of the crisis. With contributions from Richard A. Posner, Vernon L. Smith, Joseph E. Stiglitz, and John B. Taylor, among others, What Caused the Financial Crisis provides a cogent, comprehensive, and credible explanation of why the crisis happened. It will be an essential resource for scholars and students of finance, economics, history, law, political science, and sociology, as well as others interested in the financial crisis and the nature of modern capitalism and regulation.
Preventing The Next Mortgage Crisis
DOWNLOAD
Author : Dan Immergluck
language : en
Publisher: Rowman & Littlefield
Release Date : 2015-08-20
Preventing The Next Mortgage Crisis written by Dan Immergluck and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-20 with Political Science categories.
The great U.S. mortgage crisis was a transformative event that will reverberate for decades across families, neighborhoods, and cities. After years of research on various aspects of the crisis, Dan Immergluck examines what went wrong, identifying the factors that created the fragile housing finance system, which provided fertile ground for calamity. He also examines the federal response to the crisis, including who benefitted most from the response, and how a more effective and fair response could have been formulated. To reduce the incidence of future crises, Immergluck provides a pathway for building a more stable and fair housing finance system that would be less vulnerable to the booms and busts of global finance. Housing finance helps determine access to stable, decent-quality, affordable housing and also affects the geography of housing and educational opportunities. Thus, housing markets shape our communities, our neighborhoods, and our social and economic opportunities. Immergluck’s analysis and formulation of a way forward will be of particular interest to those concerned with urban form, neighborhood change and stability, and urban planning and policy, as well as those interested in housing and mortgage markets more generally.