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Is there a Link Between Foreclosure and Health?
Currie, Janet - 2011
hospital and emergency room visits from four states that were among the hardest hit by the foreclosure crisis. We find that …
Persistent link: https://www.econbiz.de/10012461347
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Mortgage Default, Foreclosure, and Bankruptcy
Li, Wenli - 2009
mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both … foreclosure rates raise homeowners' probability of foreclosure. We provide estimates of the size of these effects …
Persistent link: https://www.econbiz.de/10012463177
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How Do Foreclosures Exacerbate Housing Downturns?
Guren, Adam M. - 2019
bust and to analyze foreclosure mitigation policy. We consider a dynamic search model in which foreclosures freeze the … the model fit both national and cross-sectional moments better than a model without foreclosure. When calibrated to the …
Persistent link: https://www.econbiz.de/10012480160
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Loan Originations and Defaults in the Mortgage Crisis : Further Evidence
Adelino, Manuel - 2015
This paper addresses two critiques by Mian and Sufi (2015a, 2015b) that were released in response to the results documented in Adelino, Schoar and Severino (2015). We confirm that none of the results in our previous paper are affected by the issues put forward in these critiques; in particular...
Persistent link: https://www.econbiz.de/10012457347
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Loan Originations and Defaults in the Mortgage Crisis : The Role of the Middle Class
Adelino, Manuel - 2015
We provide new facts on the debt dynamics leading up to the financial crisis of 2007. Earlier research suggests that distortions in the supply of mortgage credit, evidenced by a decoupling of credit flow from income growth, may have caused the rise in house prices and the subsequent housing...
Persistent link: https://www.econbiz.de/10012457818
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A New Look at the U.S. Foreclosure Crisis : Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
Ferreira, Fernando - 2015
reinterpretation of the U.S. foreclosure crisis as more of a prime, rather than a subprime, borrower issue. Moreover, traditional … mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure …
Persistent link: https://www.econbiz.de/10012457406
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House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
Mian, Atif R. - 2009
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...
Persistent link: https://www.econbiz.de/10012463368
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The Political Economy of the U.S. Mortgage Default Crisis
Mian, Atif - 2008
legislation in U.S. economic history: the American Housing Rescue and Foreclosure Prevention Act of 2008 and the Emergency …
Persistent link: https://www.econbiz.de/10012464179
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Collateral Damage : The Impact of Foreclosures on New Home Mortgage Lending in the 1930s
Fishback, Price - 2018
functions. We measure the impact of foreclosures on new mortgage lending using a panel of all B&Ls in 4 states. The foreclosure …
Persistent link: https://www.econbiz.de/10012480897
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Foreclosures, House Prices, and the Real Economy
Mian, Atif - 2011
. Comparing zip codes close to state borders with differing foreclosure laws, we show that foreclosure propensity and housing … scores, income, or education levels. The increase in foreclosure rates in non-judicial states persists for at least five …
Persistent link: https://www.econbiz.de/10012461972