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A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession
Gabriel, Stuart A.; Iacoviello, Matteo; Lutz, Chandler - 2020
We investigate the impact of Great Recession policies in California that substantially increased lender pecuniary and time costs of foreclosure. We estimate that the California Foreclosure Prevention Laws (CFPLs) prevented 250,000 California foreclosures (a 20% reduction) and created $300...
Persistent link: https://www.econbiz.de/10014048824
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A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession
Gabriel, Stuart A. - 2020
We investigate the impact of Great Recession policies in California that substantially increased lender pecuniary and time costs of foreclosure. We estimate that the California Foreclosure Prevention Laws (CFPLs) prevented 250,000 California foreclosures (a 20% reduction) and created $300...
Persistent link: https://www.econbiz.de/10012855195
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A crisis of missed opportunities? : foreclosure costs and mortgage modification during the Great Recession
Gabriel, Stuart A.; Iacoviello, Matteo; Lutz, Chandler - 2020
Persistent link: https://www.econbiz.de/10012388711
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A crisis of missed opportunities? : foreclosure costs and mortgage modification during the Great Recession
Gabriel, Stuart A.; Iacoviello, Matteo; Lutz, Chandler - In: The review of financial studies 34 (2021) 2, pp. 864-906
Persistent link: https://www.econbiz.de/10012434827