Journal Article

The mortgage debacle and loan modifications

Abstract: In today's increasingly sophisticated financial markets, loan modifications are often complex processes that involve multiple players with competing legal and financial interests. To better understand loan modifications, the Federal Reserve Bank of Cleveland hosted a one-day workshop in November 2007 featuring four financial and legal experts - Tony Saunders from Arizona State University, Steven Schwarcz from Duke University, Joseph Mason from Louisiana State University, and Kathleen Engel from Cleveland State University - who shared their knowledge and recommendations for possible solutions to the mortgage lending debacle.

Keywords: Mortgage loans;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Community Reinvestment Report

Publication Date: 2008

Issue: Fall