I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure … debt. I show that the interaction between foreclosure and bankruptcy decisions is crucial for explaining the observed cross …-state correlation between default policies and default rates. I use the model to argue that a major recent reform to bankruptcy reduced …

bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market … statistically significant non-linear relationship between bankruptcy asset exemptions and mortgage defaults …This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to …

example, places where bankruptcy resolution is more difficult and/or takes longer) see a greater dependence on "stable" real …

We study the impact of changes in recourse legislation on mortgage defaults. Romania provides us with an ideal … experimental setting to identify this impact. Using a large dataset of mortgage loans granted between 2003 and 2016, we exploit an …

-friendly procedure, such as a deed in lieu. We find no evidence that mortgage interest rates are lower in recourse states …

The late-2000s financial crisis has re-ignited a debate about the impact of regulating consumer mortgage markets. This … paper examines how a court-mandated repeal of a home mortgage regulation in Cleveland a effected home foreclosures. To …

In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …