Gabriel, Stuart; Iacoviello, Matteo; Lutz, Chandler - 2020
time costs of foreclosure. We estimate that the California Foreclosure Prevention Laws (CFPLs) prevented 250,000 California … borrower transitions into default. They also mitigated foreclosure externalities via increased maintenance spending on homes … that entered foreclosure. The CFPLs had minimal adverse side effects on the availability of mortgage credit for new …