Herkenhoff, Kyle F. - 2015
average prior to the Great Recession to an average of 15 months during the Great Recession and afterward. We refer to these … their homes by making up for missed mortgage payments. We analyze the impact of foreclosure delay on the U.S. labor market … as an implicit credit line from a lender to a borrower (mortgagor) within a search model. In the model, foreclosure delay …