Research Into Mortgage Default and Affordable Housing: A Primer
Date Published: 03/01/2002
Author: Charles A. Capone, Jr., Ph.D.
Publisher: LISC
This publication describes the causes of mortgage foreclosures and delinquencies, the transition from delinquency to foreclosure, strategies for mitigating foreclosures, the role of credit scores, and layering credit risk. The paper is intended to provide an understanding of how to learn from econometric studies, the basis for lending decision models to affordable housing practitioners. It concludes with a discussion of the role of pre-purchase education in managing default risk for affordable housing mortgage portfolios.
Topics: Housing, --Affordable Housing Finance & Development, --Home Ownership
Type: Trade Article