Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Foreclosure Delay and Consumer Credit Performance
Paul Calem (au); Julapa Jagtiani (au); William W. Lang (au)
The deep housing market recession from 2008 through 2010 was characterized by a steep increase in the number of foreclosures. Foreclosure timelines äóî the length of time between initial mortgage delinquency and completion of foreclosure äóî also expanded significantly, averaging up to three years in some states. Extended foreclosure timelines enable mortgage defaulters to live in their homes without making housing payments until the completion of the foreclosure process, thus providing a liquidity benefit. This study tests whether the resulting liquidity was used to help cure nonmortgage credit delinquency. Results indicate that a longer period of nonpayment of housing-related expenses results in higher cure rates on delinquent nonmortgage debts and improved household balance sheets. Foreclosure delay may have mitigated the impact of the economic downturn on credit card default. However, credit card performance may deteriorate in the future as the current foreclosure backlog is cleared and the affected households once again incur housing expenses. figures and tables. This is a print on demand report.
Competing for Employees: Proven Marketing Strategies for Hiring & Keeping Exceptional People
Customer Service Operations: The Complete Guide
Sagas of Icelanders: A Selection
Comes the Millennium
Woman’s Guide to Making Therapy Work
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.