Mortgage Default & Foreclosure in the Last Financial Crisis: HUD/FHA Policies and Innovative State and Local Initiatives - Blog | Joint Center for Housing Studies of Harvard University

Mortgage Default & Foreclosure in the Last Financial Crisis: HUD/FHA Policies and Innovative State and Local Initiatives - Blog | Joint Center for Housing Studies of Harvard University.

MORTGAGE DEFAULT & FORECLOSURE IN THE LAST FINANCIAL CRISIS: HUD/FHA POLICIES AND INNOVATIVE STATE AND LOCAL INITIATIVES

Tuesday, June 30, 2020 | Erin Graves and Chris Herbert

A new series of Issue Briefs authored by Rachel Bratt, a Senior Research Fellow at the Joint Center for Housing Studies and former visiting scholar at the Federal Reserve Bank of Boston, offer insights about HUD’s regulations and procedures concerning mortgages near foreclosure/end-stage default following the Great Recession. The Briefs were being finalized just as the coronavirus pandemic was beginning. Beyond our current and pressing concerns about health, mortality rates, personal financial distress, and impacts on businesses and the national economy, we will likely soon be facing an increase in loan defaults and foreclosures, as significant numbers of people are unable to make their mortgage payments.