G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w15472
来源IDWorking Paper 15472
Mortgage Default, Foreclosure, and Bankruptcy
Wenli Li; Michelle J. White
发表日期2009-11-05
出版年2009
语种英语
摘要In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions and the relationship between homeowners' bankruptcy decisions and lenders' decisions to foreclose. In theory, both relationships could be either substitutes or complements. Bankruptcy and default tend to be substitutes because homeowners' budgets are limited and, if they spend less on payments to unsecured lenders, then they have more money to pay their mortgages. But bankruptcy and default may also be complements if homeowners use bankruptcy to reduce the cost of defaulting on their mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both relationships are complementary, although homeowners reacted to the 2005 bankruptcy reform by treating them as substitutes.
主题Financial Economics ; Financial Markets ; Financial Institutions ; Other ; Law and Economics ; Regional and Urban Economics ; Real Estate
URLhttps://www.nber.org/papers/w15472
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/573148
推荐引用方式
GB/T 7714
Wenli Li,Michelle J. White. Mortgage Default, Foreclosure, and Bankruptcy. 2009.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w15472.pdf(269KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Wenli Li]的文章
[Michelle J. White]的文章
百度学术
百度学术中相似的文章
[Wenli Li]的文章
[Michelle J. White]的文章
必应学术
必应学术中相似的文章
[Wenli Li]的文章
[Michelle J. White]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w15472.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。