Equity and Nonequity Determinants of FHA Single-Family Mortgage Foreclosures in the 1980s
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We examine foreclosures on FHA single family mortgages insured during 1975-87. The importance of the market value of borrower equity, and of the dispersion of national house prices support much earlier work emphasizing the key role of negative equity in triggering default. The lower the "mean"
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美国国家经济研究局创建时间:
1993-08-01



