The Dynamics of Mortgage Debt in Default
3 Pages Posted: 28 Mar 2016 Last revised: 29 Apr 2020
Date Written: 2016
Abstract
Rapid declines in house prices, negative home equity, and the number of households in default all contributed to the dramatic increase in mortgage defaults during the Great Recession.
Suggested Citation: Suggested Citation
Jiang, Helu and Sanchez, Juan M. and Sanchez, Juan M., The Dynamics of Mortgage Debt in Default (2016). Economic Synopses, Issue 3, 2016, Available at SSRN: https://ssrn.com/abstract=2754963
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