the time of ARM reset results in a 2.5 percentage rise in the probability of foreclosure in the following year; and that … each foreclosure filing leads to an additional 0.3-0.6 completed foreclosures within a 0.10 mi radius. I emphasize price …

externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure … enactment of VPROs in Florida more than halved the negative externality from foreclosure. This finding is robust to a rich set …

In recognition of the fact that a lack of savings is the most significant barrier to homeownership for most low … assistance to promote low-income homeownership. In recent years there have been growing concerns that many new low …-income homeowners have had difficulty maintaining homeownership. To address these concerns in the context of the ADDI program, the …