Effects of government bailouts on mortgage modification
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DOI: 10.1016/j.jbankfin.2018.05.010
Abstract: This paper shows how liquidity infusions affect loan modification in the mortgage market. The design of pooling and servicing agreements leads mortgage servicers to prefer foreclosure over modification when they are liquidity constrained. Therefore, a… read more here.
Keywords: effects government; government bailouts; bailouts mortgage; mortgage ... See more keywords