Americans are increasingly likely to file consumer bankruptcy, and their representation among those in bankruptcy has never been … higher. Using data from the Consumer Bankruptcy Project, we find more than a two-fold increase in the rate at which older … Americans (age 65 and over) file for bankruptcy and an almost five-fold increase in the percentage of older persons in the U …

The mortgage foreclosure crisis raises legal questions as important as its economic impact. Questions that were … straightforward and uncontroversial a generation ago today threaten the stability of a $13 trillion mortgage market: Who has standing … transferring those rights. Historically, mortgage title was established and transferred through the “public demonstration” regimes …

Much of the literature on the economics of mortgage markets has studied the FRM-ARM choice made by individual borrowers … of optimal risk-sharing in mortgage contracts. But since only a small literature has studied this question, more research …'s (1986a) model, using it to characterize optimal contracts in the absence of mortgage termination, and then exploring how …

This paper presents an analysis and default risk modeling on the non-performing loans of an emerging mortgage market … twenty-six variables that are contained in almost a hundred thousand records about the mortgage loan borrowers. The …

A leading explanation for the lack of widespread mortgage renegotiation during the financial crisis is the existence of … frictions in the mortgage securitization process. This paper finds little evidence that the securitization process impeded the … representative dataset on seriously delinquent mortgage borrowers from the first quarter of 2005 through the third quarter of 2008 …