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dc.contributor.authorMayer, Christopher
dc.contributor.authorMorrison, Edward
dc.contributor.authorPiskorski, Tomasz
dc.date2021-11-25T13:35:20.000
dc.date.accessioned2021-11-26T11:58:17Z
dc.date.available2021-11-26T11:58:17Z
dc.date.issued2009-01-01T00:00:00-08:00
dc.identifieryjreg/vol26/iss2/9
dc.identifier.contextkey8652883
dc.identifier.urihttp://hdl.handle.net/20.500.13051/8116
dc.description.abstractWe propose a new three-pronged plan to address the recent harmful flood of foreclosures. Our plan would address the major barriers that inhibit the ability of third-party servicers to modify mortgages the way portfolio lenders are now doing with greater success. The plan provides greater compensation for servicers to perform their duties, removes legal constraints that inhibit modification, and addresses critical second liens that often get in the way of effective mortgage modifications. Our plan has more modest costs than competing plans and is likely to be the most effective while still protecting the rights of investors in mortgage-backed securities.
dc.titleA New Proposal for Loan Modifications
dc.source.journaltitleYale Journal on Regulation
refterms.dateFOA2021-11-26T11:58:17Z
dc.identifier.legacycoverpagehttps://digitalcommons.law.yale.edu/yjreg/vol26/iss2/9
dc.identifier.legacyfulltexthttps://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=1292&context=yjreg&unstamped=1


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