Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to assist low-income borrowers to improve their handling of debt and thereby reduce default, counseling may also improve the...

Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to assist low-income borrowers to improve their handling of debt and thereby reduce default, counseling may also improve the...

Intro -- Contents -- Abstract -- Acknowledgments -- Glossary of Acronyms -- Glossary of Notation -- Introduction -- What Is the Subsidy Dependence Index? -- What Is Net Present Cost to Society? -- Is the Subsidy Dependence Index Redundant? -- What Does the Rest of the Monograph Cover? -- 1. Why...