FMHA'S EFFORTS AGAINST DELINQUENT BORROWERS: PROPERTY INTERESTS AND TRANSACTION COSTS

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dc.creatorCentner, Terence J.
dc.creatorWhite, Fred C.
dc.date2017-04-01T20:07:42Z
dc.date.accessioned2026-07-09T04:17:17Z
dc.descriptionA recent judicial decision has precluded the Farmers Home Administration from employing nonjudicial foreclosure proceedings in some states. Characteristics of FmHA loans and borrowers suggest that a potential "hold up" problem exists whereby borrowers may cause the value of their mortgaged properties to diminish below the outstanding balance of the loan. Empirical results of a survey show that the preclusion of nonjudicial foreclosure increased FmHA's direct losses from delinquent borrowers.
dc.identifierdoi:10.22004/ag.econ.32472
dc.identifierhttps://ageconsearch.umn.edu/record/32472/files/12010035.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/32472
dc.identifier.urihttp://hdl.handle.net/123456789/547639
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/32472
dc.titleFMHA'S EFFORTS AGAINST DELINQUENT BORROWERS: PROPERTY INTERESTS AND TRANSACTION COSTS
dc.typeText

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