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Law Reviews & Studies
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American Predatory Lending and the Global Financial Crisis is a multi-method interdisciplinary team working under the Bass Connections project within Duke University. Over the past two years, this student-faculty undertaking has explored the state-level dynamics leading up to the 2008 Crisis.
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Mortgage cramdown has been proposed as a mechanism to avoid mortgage foreclosures in times of crisis. In this restructuring, the underwater portion of the mortgage is treated as unsecured debt and can be discharged during Chapter 13 bankruptcy. To quantify the ex-post effects of bankruptcy discharge in cramdown courts, we use a new dataset of district courts that allowed mortgage cramdown over the period from 1989 to 1993.
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