全球智库信息集成服务系统(G2TT): Mortgage Default, Foreclosure, and Bankruptcy

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w15472
来源ID	Working 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
URL	https://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