Quantcast
Channel: Phys.org news tagged with:mortgages
Viewing all articles
Browse latest Browse all 42

Mortgage modification policies slow employment recovery, economists say

$
0
0
In a new study, UCLA economists estimate that means-tested mortgage modifications, which significantly reduce mortgage payments to households whose incomes have declined, have raised the unemployment rate by approximately 0.5 percentage points. In the absence of these policies, they say, there would be about 750,000 more jobs filled, and that output and income would be about $140 billion higher than it is.

Viewing all articles
Browse latest Browse all 42

Trending Articles