Market-Based Loss Mitigation Practices for Troubled Mortgages Following the Financial Crisis

Abstract

The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency rates. Until mid-2009, lenders and servicers pursued their own individual loss mitigation practices without being significantly influenced by government intervention. Using a unique dataset that precisely identifies loss mitigation actions… (More)

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16 Figures and Tables