Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
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.
Cite this item
Andra C. Ghent & Marianna Kudlyak & Stephen Slivinski, "Deterring default: why some state laws decrease the probability of mortgage foreclosures"
, Federal Reserve Bank of Richmond, Richmond Fed Economic Brief, issue Sep, 2009.
Keywords: Consumer finance ; Financial institutions ; Mortgage loans
This item with handle RePEc:fip:fedreb:y:2009:i:sep:n:09-09
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