Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
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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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美国国家经济研究局创建时间:
2009-07-01



