题目
Which of the following statements is correct concerning mortgage loan defaults?
选项
A.A non-recourse jurisdiction poses higher default risks for lenders.
B.In a non-recourse jurisdiction, strategic default will not affect the defaulting borrower’s future access to credit.
C.When a recourse loan defaults, the mortgaged property is the lender’s sole source for recovery of the outstanding mortgage balance.
答案
A
解析
： A is correct. In non-recourse loan jurisdictions, the borrower may have an incentive to default on an underwater mortgage and allow the lender to foreclose on the property because the lender has no claim against the borrower for the shortfall. For this reason, such defaults, known as strategic defaults, are more likely in non-recourse jurisdictions and less likely in recourse jurisdictions, where the lender does have a claim against the borrower for the shortfall. B is incorrect because strategic defaults in non-recourse jurisdictions do have negative consequences for the defaulting borrowers in the form of a lower credit score and a reduced ability to borrow in the future. These negative consequences can be a deterrent in the incidence of underwater mortgage defaults. C is incorrect because when a recourse loan defaults, the lender can look to both the property and the borrower to recover the outstanding mortgage balance. In a recourse loan, the lender has a claim against the borrower for the shortfall between the amount of the outstanding mortgage balance and the proceeds received from the sale of the property. ： A是正确的。在无追索权的贷款管辖区，借款人可能有动机拖欠抵押贷款，并允许贷款人取消对财产的赎回权，因为贷款人没有对借款人的短缺索赔。出于这个原因，这种被称为战略违约的违约在无追索权法域中的可能性更大，而在追索权法域中的可能性更小，在追索权法域中，贷款人确实对借款人提出了短缺索赔。 B是不正确的，因为无追索权法域中的战略违约确实会对违约借款人产生负面影响，表现为信用评分降低和未来借款能力降低。这些负面后果可能会对抵押贷款违约的发生起到威慑作用。 C是不正确的，因为当有追索权的贷款违约时，贷款人可以同时向财产和借款人追偿未偿抵押贷款余额。在追索权贷款中，贷款人有权就未偿按揭余额与出售物业所得收益之间的差额向借款人提出申索。