Mortgage Modification in Bankruptcy: Redux

… there is little or no impact on mortgage credit from permitting bankruptcy modification. This evidence comes from a variety of current and historical sources, and from origination, secondary, and insurance market data. For example, private mortgage insurers do not charge a higher premium for insuring a two-family house than a single-family house even though the mortgage on the two-family house can be modified in bankruptcy. As Alan White’s research …

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