Loan Modifications and Foreclosure Sales during the Financial Crisis
Consequences for Health and Stress
Bibliographic Data
| ID | 11484233 |
|---|---|
| Authors | Mark R Lindblad (Capital University, corresponding author), Sarah F Riley (Capital University) |
| Year | 2015 |
| Volume | 30 |
| Issue | 7 |
| Pages | 1092-1115 |
| Publication date | 2015-10-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Housing Studies (JOURNAL) |
| Journal identifiers | ISSN: 0267-3037 • E-ISSN: 1466-1810 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/02673037.2015.1008425 |
| OpenAlex | W2085034626 |
| Language | EN |
| Citations received | 2 |
| References cited | 41 |
Loan modifications and foreclosure sales are two ways mortgage servicers can respond when homeowners fall behind on house payments. We investigate the consequences of these events for health and stress by linking longitudinal survey data with administrative mortgage performance data that identify those survey participants who experienced a foreclosure sale, a loan modification, or neither. We find that between 2008 and 2013, loan modifications and foreclosure sales were both associated with a reduction in the stress of house payments, while foreclosure sales alone were associated with a reduction in the stress of home maintenance. Beyond these property-related stressors, the changes in survey participants' self-reported sense-of-control and mental, physical, and general health are most associated with transitions in employment, income, marital status, and residential quality rather than with loan modifications or foreclosure sales. These findings run counter to prevailing research, yet they inform the debate over how to address problems that arise when homeowners become delinquent on mortgages
Business · Foreclosure · Loan · Payment · Psychiatry · Stressor · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism · Psychology · Finance
Association between the Level of Housing Instability, Economic Standing and Health Care Access
On the Interpretation of χ 2 from Contingency Tables, and the Calculation of P
Bargaining in the Shadow of the Law
Socio-economic status, family disruption and residential stability in childhood
A 12-Item Short-Form Health Survey
A shorter form health survey
Residential mobility in childhood and health outcomes
Strands in the Neoliberal Web
Housing and Health
Mortgage Foreclosure and Health Disparities
Foreclosure Is Not an Equal Opportunity Stressor
Home Foreclosures and Neighborhood Crime Dynamics
The Impact of Single-family Mortgage Foreclosures on Neighborhood Crime
The Impacts of Community-based Foreclosure Prevention Programs
For Better and for Worse
Do foreclosures cause crime
The Home Foreclosure Crisis and Rising Suicide Rates, 2005 to 2010
Mortgage Delinquency and Changes in Access to Health Resources and Depressive Symptoms in a Nationally Representative Cohort of Americans Older Than 50 Years
Health Status of People Undergoing Foreclosure in the Philadelphia Region
Housing instability and health
Postforeclosure Mobility for Households with Children in Public Schools
A Global Measure of Perceived Stress
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2016 - 2017 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |