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These brief essays delve into the economic issues of the day for a generally informed readership.

2011, No. 22 (Posted 2011-07-26)

Some Closure on Foreclosures?

by Rajdeep Sengupta and Bryan J. Noeth

Contrary to popular perception, the foreclosure process can be very costly for a lender…it remains a puzzle as to why such large numbers of mortgages in default enter into foreclosure in the first place.

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