We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Published online by Cambridge University Press: 22 June 2020
Chapter 10 turns to a normative discussion on how we should approach default for home borrowers. It explores whether there is space for a paradigm shift, a complete reconceptualization of mortgage lending, terms and conditions, responses leading up to and upon default, and prevention of foreclosures. It examines whether the law can be responsive to contemporary developments in mortgage lending, and whether it can be designed to recognize the legacy of racism in its application. It considers the dissonance between the oft-stated public policy goals of U.S. governmental agencies regarding home ownership and the policies and practices they have sanctioned on the ground. The chapter also examines, in the face of a regulatory lacuna, the need for more effective corporate governance of financial institutions and considers whether the investment community that is concerned with environmental, social and governance factors could be enlisted to pressure mortgage originators and servicers to remedy their conduct. Socially responsible investors could meaningfully shift the trajectory of financial markets in respect of mortgage lending by exercising their investment power.
To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
