|
|
Article: Changing the rules: state mortgage foreclosure moratoria during the great depression.
- Article from:
- Federal Reserve Bank of St. Louis Review
- Article date:
- November 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Federal Reserve Bank of St. Louis. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Many U.S. states imposed temporary moratoria on farm and nonfarm residential mortgage foreclosures during the Great Depression. This article describes the conditions that led some states to impose these moratoria and other mortgage relief during the Depression and discusses the economic effects. Moratoria were more common in states with large farm populations (as a percentage of total state population) and high farm mortgage foreclosure rates, although nonfarm mortgage distress appears to help explain why a few states with relatively low farm foreclosure rates also imposed moratoria. The moratoria reduced farm foreclosure rates in the short run, but they also appear to ...
Related newspaper, magazine, and journal articles:
|
|
Article: Technology to the Rescue.(News)
Mortgage Servicing News;
August 1, 2009 ;
700+ words
... ... including 1 million already completed. And real estate-owned assets are on the way up again since most of the foreclosure moratoria have been lifted. States, including Michigan, Arizona, Washington, Nevada, Oregon and New York, are seeing ...
|
|