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Press Releases


Research Notes–June 2009


Featuring research published in May 2009

Macroeconomics

Reducing Foreclosures: No Easy Answers
Working Paper 2009-15
“Unaffordable” loans, as measured at origination, are unlikely to be the main reason that borrowers decide to default. Rather, the typical problem appears to be a combination of household income shocks and an unprecedented fall in house prices.