This paper compares outcomes for borrowers who received face-to-face credit counseling with similarly situated consumers who opted for counseling via the telephone or internet. Counseling outcomes are measured using consumer credit report attributes one or more years following the original...

This paper compares outcomes for borrowers who received face-to-face credit counseling with similarly situated consumers who opted for counseling via the telephone or Internet. Counseling outcomes are measured using consumer credit report attributes one or more years following the original...

This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to default on their mortgages and the lenders' incentives to settle the default outside the foreclosure. Using a rigorously specified empirical model and accounting for endogenous loan...