fbpx Foreclosure and the Failures of Formality, or Subprime Mortgage Conundrums and How to Fix Them | Harvard Kennedy School

Additional Authors:

  • Joseph William Singer

Excerpt

Foreclosure and the Failures of Formality, or Subprime Mortgage Conundrums and How to Fix Them. Joseph William Singer, December 1, 2013, Paper. "The subprime mortgage crisis was not only an economic disaster but posed challenges to traditional rules of property law. Banks helped create the crisis by marketing mortgages through unfair and deceptive practices. They induced many consumers to take out high-priced loans they could not afford and then passed the risk to investors who were fooled into thinking these were safe investments. These practices violate traditional norms underlying..." May require purchase or user account. Link