Tag Archives: After Mortgage Default

Only 30 percent of borrowers who defaulted on their mortgage in 2001 had returned to the housing market within 10 years, finds a new study conducted by researchers at the Federal Reserve Bank of San Francisco. The study evaluated how long it takes borrowers to re-enter the housing market following a default on a previous mortgage. Only 10 percent of home owners with a “serious delinquency” were able to qualify for a mortgage within 10 years after a default, according to the study. The access to credit is the main […]