Helping Homeowners: Modification of Mortgages in Bankruptcy
Harvard Law & Policy Review Online, Vol. 3, 2009
9 Pages Posted: 24 Jan 2009
Date Written: January, 23 2009
This short essay sets forth the case for permitting modification of all residential mortgages in bankruptcy as an important step in easing the foreclosure crisis, stabilizing the financial system, and protecting against systemic risk going forward.
Keywords: bankruptcy, mortgages, securitization, systemic risk, foreclosure
JEL Classification: G21, G33
Suggested Citation: Suggested Citation