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Europe May Provide Lessons on Preventing Mortgage Defaults.
- Source :
- Regional Economist; Jul2013, Vol. 21 Issue 3, p12-13, 2p, 1 Color Photograph, 1 Chart, 2 Graphs
- Publication Year :
- 2013
-
Abstract
- The article discusses compares house prices and mortgage defaults in the U.S. and Europe during 2007 to 2010. It also discusses two regulations used in Europe to prevent mortgage defaults as stated in a report published by the International Monetary Fund (IMF) in 2011. It is informed that in Europe, mortgages are recourse loans and there is limit of the amount that households can borrow by using their house as collateral.
- Subjects :
- HOME prices
MORTGAGE loan default
Subjects
Details
- Language :
- English
- ISSN :
- 25722131
- Volume :
- 21
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Regional Economist
- Publication Type :
- Periodical
- Accession number :
- 90207962