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Recourse Structure of Mortgages: A Comparison between the US and Europe

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  • Ron Harris
  • Asher Meir

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Suggested Citation

  • Ron Harris & Asher Meir, 2016. "Recourse Structure of Mortgages: A Comparison between the US and Europe," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(04), pages 15-22, February.
    • Handle: RePEc:ces:ifodic:v:13:y:2016:i:04:p:15-22
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    File URL: https://www.ifo.de/DocDL/dice-report-2015-4-harris-meir-december.pdf
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    References listed on IDEAS

    as
    1. Karen M. Pence, 2006. "Foreclosing on Opportunity: State Laws and Mortgage Credit," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 177-182, February.
    2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2013. "The Determinants of Attitudes toward Strategic Default on Mortgages," Journal of Finance, American Finance Association, vol. 68(4), pages 1473-1515, August.
    3. Sewin Chan & Andrew Haughwout & Andrew Hayashi & Wilbert Van Der Klaauw, 2016. "Determinants of Mortgage Default and Consumer Credit Use: The Effects of Foreclosure Laws and Foreclosure Delays," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(2-3), pages 393-413, March.
    4. Robert A. Simons & Roberto G. Quercia & Ivan Maric, 1998. "The Value Impact of New Residential Construction and Neighborhood Disinvestment on Residential Sales Price," Journal of Real Estate Research, American Real Estate Society, vol. 15(2), pages 147-162.
    5. Andra C. Ghent & Marianna Kudlyak, 2011. "Recourse and Residential Mortgage Default: Evidence from US States 1," The Review of Financial Studies, Society for Financial Studies, vol. 24(9), pages 3139-3186.
    6. Mr. Jochen R. Andritzky, 2014. "Resolving Residential Mortgage Distress: Time to Modify?," IMF Working Papers 2014/226, International Monetary Fund.
    7. Dan Immergluck & Geoff Smith, 2006. "The external costs of foreclosure: The impact of single‐family mortgage foreclosures on property values," Housing Policy Debate, Taylor & Francis Journals, vol. 17(1), pages 57-79.
    8. Juan Carlos Hatchondo & Leonardo Martinez & Juan M. Sanchez, 2013. "Europe may provide lessons on preventing mortgage defaults," The Regional Economist, Federal Reserve Bank of St. Louis, issue July.
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    Citations

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    Cited by:

    1. Andrieș, Alin Marius & Copaciu, Anca & Popa, Radu & Vlahu, Razvan, 2025. "Recourse and (strategic) mortgage defaults: Evidence from changes in housing market laws," European Economic Review, Elsevier, vol. 173(C).

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    2. Ron Harris & Asher Meir, 2016. "Recourse Structure of Mortgages: A Comparison between the US and Europe," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(4), pages 15-22, 02.
    3. Andrieș, Alin Marius & Copaciu, Anca & Popa, Radu & Vlahu, Razvan, 2025. "Recourse and (strategic) mortgage defaults: Evidence from changes in housing market laws," European Economic Review, Elsevier, vol. 173(C).
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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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