Reducing the impact of real estate foreclosures with Amortizing Participation Mortgages

We employ Amortizing Participation Mortgage (APM) to offer a novel ex post renegotiation method of a foreclosure. APM belongs to the family of home loan credit facilities advocated in the Dodd–Frank Wall Street Reform and Consumer Protection Act 2010. In our framework, APMs reduce the endemic agency...

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Bibliographic Details
Published in:	Journal of banking & finance Vol. 71; pp. 62 - 74
Main Authors:	Wojakowski, Rafal M., Ebrahim, M. Shahid, Shackleton, Mark B.
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 01-10-2016 Elsevier Sequoia S.A
Subjects:	Default Dodd–Frank Act Foreclosure Home loan modification Home loans Indexation Loan workouts Mortgages Partial amortization Prepayment Shared Income Mortgage Studies United States Wall Street Reform & Consumer Protection Act 2010-US United States > US Dodd–Frank Act Partial amortization R31 Indexation R38 G21 Home loan modification Prepayment Default Shared Income Mortgage
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