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The Dynamics of Mortgage Debt in Default

Author

Listed:
  • Helu Jiang
  • Juan M. Sanchez

Abstract

Rapid declines in house prices, negative home equity, and the number of households in default all contributed to the dramatic increase in mortgage defaults during the Great Recession.

Suggested Citation

  • Helu Jiang & Juan M. Sanchez, 2016. "The Dynamics of Mortgage Debt in Default," Economic Synopses, Federal Reserve Bank of St. Louis, issue 3.
    • Handle: RePEc:fip:fedles:00057
    as

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    References listed on IDEAS

    as
    1. 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.
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