Strategic Mortgage Default System And Knowledge PDF Download
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| Author | : Elisabeth Dicker |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2021-08-10 |
| Genre | : |
| ISBN | : |
Download Strategic Mortgage Default System And Knowledge Book in PDF, ePub and Kindle
A mortgage default arises when a borrower fails to make monthly payments to their principal balance or interest on a home loan. Yet, defaulting can also occur with credit card and student loans In this book, you will discover: - What "strategic mortgage default" is and why banks and lenders are often powerless to stop the situation... - The scare tactics banks use to coerce... or even threaten homeowners into keeping up with their monthly mortgage payments (I show you a way to get around these almost devious scare tactics.) - The #1 tool banks and lenders like to use to discourage strategic mortgage default... and why it is so painfully effective for MOST people - The truth about strategic mortgage default... and why it is NOT as unethical as the banks and government makes it out to be (What you read here may shock you!) - Why it is NOT in the bank's best interests that you default on your mortgage... and what you can do to take advantage of this fact - And so much more! Get your copy today!
| Author | : Michael Seiler |
| Publisher | : |
| Total Pages | : 19 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Understanding the Far Reaching Societal Impact of Strategic Mortgage Default Book in PDF, ePub and Kindle
This article discusses the often overlooked ramifications of strategic mortgage default and the widespread implications it has on our sense of community, economic and financial stability, as well as mental and physical well-being. Too often studies examine only the one-off economic effects of strategic default, or more broadly, the foreclosure contagion effect. But, recent work in the mainstream finance literature suggests larger picture issues such as national health care costs are also substantially impacted by major market movements such as the recent U.S. housing bubble.
| Author | : Michael Bradley |
| Publisher | : |
| Total Pages | : |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download Strategic Mortgage Default Book in PDF, ePub and Kindle
This paper studies strategic default -- the willingness of a borrower to walk away from a mortgage when the value of the home falls below the unpaid principal balance despite an ability to pay. This study differs from the literature in two fundamental ways: first, we use unique data assets describing the household's equity position and capacity to carry the debt in addition to credit performance to identify strategic defaulters accurately. Secondly, we address externalities from local foreclosures and other strategic defaults and find that the incidence of strategic default is sensitive to the presence of other nearby strategic defaulters. These results have significant implications for foreclosure and loss mitigation policies employed by servicers and investors.
| Author | : Angelique Harbater |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2021-08-10 |
| Genre | : |
| ISBN | : |
Download An Essential Guide To Get To Understand Mortgage Default Book in PDF, ePub and Kindle
A mortgage default arises when a borrower fails to make monthly payments to their principal balance or interest on a home loan. Yet, defaulting can also occur with credit card and student loans In this book, you will discover: - What "strategic mortgage default" is and why banks and lenders are often powerless to stop the situation... - The scare tactics banks use to coerce... or even threaten homeowners into keeping up with their monthly mortgage payments (I show you a way to get around these almost devious scare tactics.) - The #1 tool banks and lenders like to use to discourage strategic mortgage default... and why it is so painfully effective for MOST people - The truth about strategic mortgage default... and why it is NOT as unethical as the banks and government makes it out to be (What you read here may shock you!) - Why it is NOT in the bank's best interests that you default on your mortgage... and what you can do to take advantage of this fact - And so much more! Get your copy today!
| Author | : Hae Eyles |
| Publisher | : |
| Total Pages | : 80 |
| Release | : 2021-08-10 |
| Genre | : |
| ISBN | : |
Download The Mortgage Defaulting Handbook Book in PDF, ePub and Kindle
A mortgage default arises when a borrower fails to make monthly payments to their principal balance or interest on a home loan. Yet, defaulting can also occur with credit card and student loans In this book, you will discover: - What "strategic mortgage default" is and why banks and lenders are often powerless to stop the situation... - The scare tactics banks use to coerce... or even threaten homeowners into keeping up with their monthly mortgage payments (I show you a way to get around these almost devious scare tactics.) - The #1 tool banks and lenders like to use to discourage strategic mortgage default... and why it is so painfully effective for MOST people - The truth about strategic mortgage default... and why it is NOT as unethical as the banks and government makes it out to be (What you read here may shock you!) - Why it is NOT in the bank's best interests that you default on your mortgage... and what you can do to take advantage of this fact - And so much more! Get your copy today!
| Author | : Michael Seiler |
| Publisher | : |
| Total Pages | : |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download A Neurological Explanation of Strategic Mortgage Default Book in PDF, ePub and Kindle
This study examines strategic mortgage default on a neurological level. Specifically, we test two mainstream behavioral finance/economic theories: sunk cost fallacy and cognitive dissonance. Using fMRI technology, we identify a number of substrates within the brain that provide a neurobiological explanation for why some homeowners exercise their mortgage put option while others do not. We find that borrowers rationally do not suffer from the sunk cost fallacy as it relates to strategic default in that they significantly prioritize their negative equity position over the amount of their initial down payment. We do, however, find neurological support that cognitive dissonance is relevant in homeowners' though processes as they toil with the hesitancy brought on by the believe that strategic default is immoral against the strong financial incentive to walk away from a substantially underwater mortgage.
| Author | : Tom Duncan |
| Publisher | : AuthorHouse |
| Total Pages | : 114 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : 1438938489 |
Download Mortgage Defaults Book in PDF, ePub and Kindle
Would you like to start earning CASH with no out of pocket expense starting TODAY? Then this book is for you. My system can work for part time employees, college students, home makers that have little time available, and seasoned investors as well. By helping homeowners stay in there homes you can charge from $300.00 to $2500.00 for as little as one hour of your time. By putting contracts together from defaulting homeowners and then offering them to other investors you can earn $5000.00 to $10.000. per contract. I wrote this book as a guide of what not to do when you first start your investing career...based on the hype of the infomercials we all see and here and what I personally experienced when first entering the real estate investing market. I wanted to give to the new investor a chance to really inter the investing arena loaded with information and a guide to create cash to support there investment career and with a fresh new approach... Do Not take advantage of the defaulting homeowner! Try to approach every deal with a win/win attitude. It will give you a new wealth financially and a great feeling of really being able to help someone in need of your experience and expertise. The public will be calling and recommending your services because of your fair treatment of them instead of the cut them off at the knees approach that everyone else is teaching. This book will teach you the real estate terms that you need to know to be effective when talking to bankers, other investors, real estate agents and title companies. It will teach you how to start earning cash TODAY, with no out of pocket expense just your time. Enjoy this very candid journey and as always; Happy Investing....Tom Duncan
| Author | : Alin Marius Andries |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
Download Recourse and (Strategic) Mortgage Defaults Book in PDF, ePub and Kindle
We study the impact of changes in recourse legislation on mortgage defaults. Romania provides us with an ideal experimental setting to identify this impact. Using a large dataset of mortgage loans granted between 2003 and 2016, combined with individual income tax records, we exploit an exogenous variation in Romanian recourse policy and analyze the behavior of borrowers with mortgages issued under a creditor-friendly recourse regime after a change in policy limited lender recourse. We find robust evidence that eliminating penalties for default raises the probability of default for existing borrowers, encouraging a deterioration in payment discipline, especially for those traditionally considered least likely to default (i.e., those with higher income and lower leverage). Our findings highlight the ex-post effects of a switch from a creditor- to a debtor-friendly recourse policy. Broadly, our results point to the importance of assessing borrowers' default incentives before introducing legislation with retroactive applicability.
| Author | : Meagan McCollum |
| Publisher | : |
| Total Pages | : 48 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download A Revealed Preference Approach to Estimating Strategic Mortgage Default Book in PDF, ePub and Kindle
Many borrowers make extra principal payments on their mortgages (curtailers). Some of these curtailers subsequently go through foreclosure and lose any benefits from their curtailments. Such curtailers reveal ex-ante non-strategic preferences towards default. We contrast the default sensitivity to leverage of curtailers vis-á-vis noncurtailers to isolate the strategic component of default. Our results show between 2008 and 2012 that the strategic component of default was less than 27% of overall default. We demonstrate robustness of the findings to measures of borrower liquidity, sample compositions, and legal settings that shift the value of strategic default.
| Author | : Michael Seiler |
| Publisher | : |
| Total Pages | : |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download The Effect of Perceived Lender Characteristics and Market Conditions on Strategic Mortgage Defaults Book in PDF, ePub and Kindle
Inequity Aversion has long been applied in a game theoretic setting to explain that individuals are willing to sacrifice personal wealth in order to financially penalize players they perceive to be acting selfishly or unfairly. I apply inequity aversion to strategic mortgage default decisions and find that individual homeowners (as well as a second sample of professional mortgage lenders) have a differential stated willingness to walk away from their mortgage based on the perceived characteristics of their lender. Importantly, these significant differences can be removed even with extremely modest loan modifications. Finally, I document that regular homeowners and even professional lenders do a poor job differentiating between the owner of their loan and the servicer of their loan. This is particularly troubling given the extreme misconception of their bank's true character. As a result, much of their willingness to penalize is misplaced resulting in an unnecessary number of strategic mortgage defaults.
