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Resolving Residential Mortgage Distress
			: Time to Modify?

Resolving Residential Mortgage Distress : Time to Modify? »

Volume/Issue: 2014/226

Series: IMF Working Papers

Author(s): Jochen Andritzky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2014

DOI: http://dx.doi.org/10.5089/9781484395745.001

ISBN: 9781484395745

Keywords: Debt overhang, foreclosure, housing crisis, mortgage distress, loan restructuring, mortgage, household debt, loan, Government Policy and Regulation,

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolu...

Resolving Residential Mortgage Distress

Resolving Residential Mortgage Distress »

Source: Resolving Residential Mortgage Distress : Time to Modify?

Volume/Issue: 2014/226

Series: IMF Working Papers

Author(s): Jochen Andritzky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2014

ISBN: 9781484395745

Keywords: Debt overhang, foreclosure, housing crisis, mortgage distress, loan restructuring, mortgage, household debt, loan, Government Policy and Regulation,

In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolu...