Journal Article
Europe may provide lessons on preventing mortgage defaults
Abstract: During the last global recession, house prices fell in some European countries almost as much as in some U.S. states. However, mortgage defaults occurred at a much lower rate in Europe. The authors say the difference might be explained by two regulations that apply in Europe but are used on a limited or much less restrictive basis in the U.S.
Keywords: Default (Finance); Europe; Mortgage loans;
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2013
Issue: July