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Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization

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NBER2009-07-01 更新2025-01-04 收录
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We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started in 2007, having performed payment reducing modifications on only about 3 percent of seriously delinquent loans. We show that this reluctance does not result from securization:

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2009-07-01
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