Deterring default: why some state laws decrease the probability of mortgage foreclosures

Many states give mortgage lenders strong legal means by which to pursue debt collection in the event of a mortgage default. In those states, probability of default is lower and the forms the default takes are often quite different from a costly conventional foreclosure.

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Year of publication:	2009
Authors:	Ghent, Andra C. ; Kudlyak, Marianna ; Slivinski, Stephen
Published in:	Richmond Fed Economic Brief. - Federal Reserve Bank of Richmond. - 2009, Sep, 09-09
Publisher:	Federal Reserve Bank of Richmond
Subject:	Consumer finance \| Financial institutions \| Mortgage loans

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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