The Resource Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
Resource Information
The item Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bowdoin College Library.This item is available to borrow from 1 library branch.
Resource Information
The item Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bowdoin College Library.
This item is available to borrow from 1 library branch.
- Summary
- Many U.S. states imposed temporary moratoria on farm and nonfarm residential mortgage foreclosures during the Great Depression. This article describes the conditions that led some states to impose these moratoria and other mortgage relief during the Depression and discusses the economic effects. Moratoria were more common in states with large farm populations (as a percentage of total state population) and high farm mortgage foreclosure rates, although nonfarm mortgage distress appears to help explain why a few states with relatively low farm foreclosure rates also imposed moratoria. The moratoria reduced farm foreclosure rates in the short run, but they also appear to have reduced the supply of loans and made credit more expensive for subsequent borrowers. The evidence from the Great Depression demonstrates how government actions to reduce foreclosures can impose costs that should be weighed against potential benefits
- Note
- 24542
- Label
- Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
- Title
- Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
- Summary
- Many U.S. states imposed temporary moratoria on farm and nonfarm residential mortgage foreclosures during the Great Depression. This article describes the conditions that led some states to impose these moratoria and other mortgage relief during the Depression and discusses the economic effects. Moratoria were more common in states with large farm populations (as a percentage of total state population) and high farm mortgage foreclosure rates, although nonfarm mortgage distress appears to help explain why a few states with relatively low farm foreclosure rates also imposed moratoria. The moratoria reduced farm foreclosure rates in the short run, but they also appear to have reduced the supply of loans and made credit more expensive for subsequent borrowers. The evidence from the Great Depression demonstrates how government actions to reduce foreclosures can impose costs that should be weighed against potential benefits
- http://library.link/vocab/creatorName
-
- Wheelock, David C
- Inter-university Consortium for Political and Social Research [distributor]
- Label
- Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
- Note
- 24542
- Control code
- ICPSR24542.v1
- Governing access note
- Access restricted to subscribing institutions
- Label
- Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression
- Note
- 24542
- Control code
- ICPSR24542.v1
- Governing access note
- Access restricted to subscribing institutions
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bowdoin.edu/portal/Changing-the-Rules-State-Mortgage-Foreclosure/1Hph8SGIkxk/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bowdoin.edu/portal/Changing-the-Rules-State-Mortgage-Foreclosure/1Hph8SGIkxk/">Changing the Rules: State Mortgage Foreclosure Moratoria During the Great Depression</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bowdoin.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.bowdoin.edu/">Bowdoin College Library</a></span></span></span></span></div>
