Resolving Residential Mortgage Distress : Time to Modify? /
In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and declining consumption and incomes, leading to higher mortgage defaults and deeper recessions. In such situations, resolution policies may need to be adapted to help contain negative feedback loops while min...
| Auteur principal: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2014/226 |
| Accès en ligne: | Full text available on IMF |