The Dynamics of Mortgage Debt in Default

3 Pages Posted: 28 Mar 2016 Last revised: 4 May 2018

See all articles by Helu Jiang

Helu Jiang

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Juan M. Sánchez

Federal Reserve Banks - Federal Reserve Bank of St. Louis

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

Jiang, Helu 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

Helu Jiang (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of St. Louis

P.O. Box 442
St. Louis, MO 63166-0442
United States

Juan M. Sanchez

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

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