70 - Equity Stripping Led to Foreclosures According to New California Study

A new study of more than 4,000 California foreclosures suggests that borrower behavior, such as equity stripping and multiple liens, is a principal culprit, even more than market forces. Prof. Michael LaCour-Little of California State University-Fullerton, discusses his findings in a podcast with ABI Executive Director Sam Gerdano.For a summary of the study's findings, please click hereTo read the full study, Follow the Money: A Close Look at Recent Southern California Foreclosures,' please click here.