prices fall and the likelihood of foreclosure increases; (2) lenders pursue a strategy of low investment in real estate owned …

mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using … declines in the homeownership rates …

Midwestern and Northeastern states reflected primarily a high rate of foreclosure per mortgage, not a high volume of mortgages to … impact overall, because they have both a high volume of mortgages to non-occupant owners and a high rate of foreclosure on …

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 … bankruptcy rates but increased foreclosure rates, and that the Home Affordable Refinance Program reduced foreclosures during the …

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 … bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market …