Europe may provide lessons on preventing mortgage defaults

Juan Hatchondo, Leonardo Martinez and Juan Sanchez

The Regional Economist, 2013, issue July

Abstract: During the last global recession, house prices fell in some European countries almost as much as in some U.S. states. However, mortgage defaults occurred at a much lower rate in Europe. The authors say the difference might be explained by two regulations that apply in Europe but are used on a limited or much less restrictive basis in the U.S.

Keywords: Default (Finance); Europe; Mortgage loans (search for similar items in EconPapers)
Date: 2013
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