Can Closer Lender-Borrower Relations Save Homes during Foreclosure?

IF 2 3区 经济学 Q3 ENVIRONMENTAL STUDIES
M. Lundholm
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引用次数: 1

Abstract

ABSTRACT This study contributes to the extant research on foreclosure by focusing on the relevance of lender-borrower relations. Donald Black’s theory of the behaviour of law is assessed by examining the association between revocation of compulsory sale by the lender and four different variables, proxying variations in the scope, history, and frequency of contact between the lender and the borrower. This association is modelled in a logistic regression framework of micro-level data on compulsory sale and mortgage borrowers in Sweden from 2010 to 2014. The results indicate that there are more revocations in cases that are deferred by the lender. There are fewer revocations in cases with digital banks and when there are also other creditors than the lender. These empirical findings partially confirm Donald Black’s propositions about the association between the quantity of law and relational distance, and point at the importance of lender-borrower relations in explaining foreclosure outcomes.
更紧密的借贷关系能在止赎期间挽救房屋吗?
摘要本研究通过关注借贷关系的相关性,为现有的止赎研究做出了贡献。唐纳德·布莱克的法律行为理论是通过考察贷款人撤销强制销售与四个不同变量之间的联系来评估的,这四个变量代表了贷款人和借款人之间接触的范围、历史和频率的变化。这种关联是在2010年至2014年瑞典强制出售和抵押贷款借款人微观层面数据的逻辑回归框架中建模的。结果表明,在贷款人延期的情况下,有更多的撤销。在数字银行以及除了贷款人之外还有其他债权人的情况下,撤销的次数更少。这些实证结果部分证实了唐纳德·布莱克关于法律数量与关系距离之间关系的命题,并指出了借贷关系在解释丧失抵押品赎回权结果中的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.60
自引率
6.50%
发文量
28
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