Federal Reserve Bank of Boston
Community Development Issue Briefs
HUD/FHA-Insured Homeowners and Properties in End-Stage Default and Foreclosure: National Context and Experiences in Massachusetts 
About this series
These briefs offer insights about HUD’s regulations and procedures concerning mortgages near foreclosure/end-stage default following the Great Recession. They were written just before the coronavirus hit the U.S. With many people unable to make their mortgage payments due to COVID-19-related income loss, loan defaults and foreclosures will likely increase. This analysis may be of value as policymakers craft responses to this latest economic crisis.
Community Development Issue Briefs
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2020 Series |HUD/FHA-Insured Homeowners and Properties in End-Stage Default and Foreclosure: National Context and Experiences in Massachusetts
Introduction and Summary of the Series
The author, a former Boston Fed visiting scholar, introduces and summarizes the issue brief series on HUD/FHA-insured properties in end-stage default and foreclosure, as well as key findings.
Community Development Issue Briefs
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2020 Series |HUD/FHA-Insured Homeowners and Properties in End-Stage Default and Foreclosure: National Context and Experiences in Massachusetts
The Role of HUD and the FHA: Conflicts in Mandate and Operations, Past and Present
Tensions exist in HUD/FHA’s dual mandate to be responsive both to homeowners’ needs and to the mortgage-lending industry. The limited data suggests that nonprofit organizations have been better at restabilizing homeowners with loan modifications.
Community Development Issue Briefs
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2020 Series |HUD/FHA-Insured Homeowners and Properties in End-Stage Default and Foreclosure: National Context and Experiences in Massachusetts
Outcomes of Foreclosure: Literature Review and Experiences in Lowell, Massachusetts
This brief offers foreclosure outcomes, both in general and for a set of properties in Lowell, MA, including a literature review that points to a range of overall negative effects of foreclosures for households, neighborhoods, and municipalities.
Community Development Issue Briefs
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2020 Series |HUD/FHA-Insured Homeowners and Properties in End-Stage Default and Foreclosure: National Context and Experiences in Massachusetts
HUD Regulations and Policies Concerning End-Stage Default
This brief examines aspects of HUD regulations and policies for households in end-stage default, highlights how these policies and requirements are inconsistently applied, and suggests changes that might lead to greater compliance and utilization.
Community Development Issue Briefs
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2020 Series |HUD/FHA-Insured Homeowners and Properties in End-Stage Default and Foreclosure: National Context and Experiences in Massachusetts
HUD and Beyond: Legislation, Litigation, and Innovative Local Efforts to Reduce Foreclosures
The author reviews approaches for redressing illegal or unfair lender/servicing procedures for foreclosure, presents innovative efforts to provide additional foreclosure protections, and sums up the health of the FHA’s Mutual Mortgage Insurance Fund.