The Historical Origins of America's Mortgage Laws

Ghent, Andra

doi:10.2139/ssrn.2171357

Abstract

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The Historical Origins of America's Mortgage Laws

Andra C. Ghent

Arizona State University (ASU) - Finance Department

November 5, 2012

Research Institute for Housing America Research Paper No. 12-02

Abstract:
This paper examines the different legal frameworks for mortgage markets in different states, focusing on how and when they came into existence, including the British influence on laws in some of the older states, with a particular emphasis on foreclosures, including judicial vs. non-judicial regimes, redemption rights and deficiency judgments. The paper concludes that mortgage laws in America are a patchwork driven by path dependence, rather than a coordinated effort or a reaction to some economic event or condition.

Number of Pages in PDF File: 50

Keywords: Mortgage Laws, Evolution of Mortgage Legal Frameworks

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Date posted: November 5, 2012

Suggested Citation

Ghent, Andra C., The Historical Origins of America's Mortgage Laws (November 5, 2012). Research Institute for Housing America Research Paper No. 12-02. Available at SSRN: http://ssrn.com/abstract=2171357 or http://dx.doi.org/10.2139/ssrn.2171357

Contact Information

Andra C. Ghent (Contact Author)

Arizona State University (ASU) - Finance Department ( email )

W. P. Carey School of Business
PO Box 873906
Tempe, AZ 85287-3906
United States

HOME PAGE: http://www.public.asu.edu/~aghent/