For example, an FHA-insured refinancing product with insurance priced to reflect the risks to the taxpayers might encourage servicers to consider providing delinquent, at-risk mortgage borrowers a principal write-down as a loan modification alternative.
Bertola, G. (2007), “Economic integration, growth, distribution: does the euro make a difference”, paper presented at the 2007 DG-ECFIN Annual Research Conference on “Growth and income distribution in an integrated Europe: does EMU make a difference?”, Brussels, 11-12 October 2007. Bjornskov, C., Dreher, A. and J. A. V. Fischer (2007): „The bigger the better?