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foreclosure, economics of

Author

Listed:
  • K. Gerardi

Abstract

This entry describes the economics of foreclosure with respect to US residential mortgage markets from the perspective of both the borrower and the lender.

Suggested Citation

  • K. Gerardi, 2010. "foreclosure, economics of," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:4:year:2010:doi:3830
    as

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    File URL: http://www.dictionaryofeconomics.com/article?id=pde2010_F000326
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    More about this item

    Keywords

    deed-in-lieu; default; equity; forbearance; foreclosure; loan modification; mortgage; short-sale;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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