Bridge over ocean
8 November 2018 Research Foundation

Causes and Consequences of Mortgage Defaults

Foote discusses his joint paper with Paul Willen, which explores the connections among the housing cycle, the recession, and mortgage defaults. A chief area of focus is the relationship among underwater mortgages, adverse life events, and defaults.

A session from the 2008 Financial Crisis: A Ten-Year Review conference held on 8-9 November 2018 in New York. 

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