Understanding Mortgage Foreclosure : Recent Events, the Process, and Costs.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Finance--Law and legislation.

Finance.

Securities.

Banks and banking.

Physical Description:

1 online resource (15 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2008.

System Details:

text file

Summary:

Provides analysis and overview of current foreclosure issues addressed in H.R. 3019, the Expand and Preserve Home Ownership Through Counseling Act and H.R. 3666, the Foreclosure Prevention and Home Ownership Protection Act. Describes behavior of aggregate foreclosure rates and places them in context of activity in the housing and mortgage market. Explains foreclosure process from perspective of a traditional financial lending institution, and then from perspective of securitization when loans are sold in secondary markets. Collects information from other studies to obtain estimate of the average foreclosure costs. Discusses effect uniform foreclosure legislation may have on costs.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Understanding Mortgage Foreclosure

Access Restriction:

Restricted for use by site license.