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Current Regulations Failing to Address Biggest Foreclosure Driver

Friday, February 13, 2015

Current regulatory policy is not addressing the primary cause of foreclosures.  CoreLogic's deputy chief economists Sam Khater says, in an article on the company's blog, that, while lack of equity has long been known to play an important role in loan defaults in general, CoreLogic is the first to specifically examine leverage in the residential lending sector.  The study comes at a time, he says, that policy makers have been attempting to loosen lending by reducing the price and expanding the quantity of low down payment real estate credit. 

The company looked back over five decades to examine the role leverage plays in mortgage foreclosures.  They found:

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