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Showing 1 to 1 of 1 for “"double trigger"”.
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Mortgage Default in Southern California: Examining Distressed Borrower's Decision Making and Market Contagion
… identified two major theories of default--the "double trigger" hypothesis, where negative equity and an income shock are necessary conditions for default--and "strategic default" where negative equity is a sufficient condition for default. This paper adds to the default literature by adding …