This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
Chris Herbert, Lauren Lambie-Hanson, Irene Lew, Rocio Sanchez-Moyano
•
October 23, 2013
W13-6: As the housing bust accelerated in 2008, concerns mounted about the impact of rising foreclosure levels on low-income and minority communities where nonprime…
Edward Golding, Richard Green, Douglas McManus
•
February 1, 2008
UCC08-6: This paper has two parts. First, we look at the various agents involved in the mortgage transaction—including borrowers, brokers, originators, rating agencies…