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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/10013121074
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
foreclosure crisis. Research on defaults was advanced both theoretically and empirically by the time the crisis began, but …
Persistent link: https://www.econbiz.de/10011764548
would otherwise have lost to foreclosure …
Persistent link: https://www.econbiz.de/10013085570
outcomes (e.g., foreclosure sale, prepayment, or default cure). Overall, we find that bankruptcy filings delay foreclosures but … foreclosure law greatly influence debtor outcomes from one state to another. Bankruptcy filing is more effective in states with … nonjudicial foreclosure and limited homeowner protections …
Persistent link: https://www.econbiz.de/10013058200
Reconsidering bankruptcy mortgage modifications as one among several solutions to weather the foreclosure crisis …
Persistent link: https://www.econbiz.de/10012996722
This paper assesses the impact of the mortgage crisis on Chelsea, Massachusetts, a low-and moderate income community of 35,000 adjacent to Boston. After years of rapid growth, house prices started falling in 2005. According to our repeat-sales indices, by the end of 2009 prices had fallen by as...
Persistent link: https://www.econbiz.de/10008657904
Persistent link: https://www.econbiz.de/10010502774
Ten years after the mortgage crisis, the U.S. housing market has rebounded significantly with house prices now near the peak achieved during the boom. Homeownership rates, on the other hand, have continued to decline. We reconcile the two phenomena by documenting the rising presence of...
Persistent link: https://www.econbiz.de/10011971271
We study the house price recovery in the U.S. single-family residential housing market since the outbreak of the mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using comprehensive property-level transaction data, we show...
Persistent link: https://www.econbiz.de/10012197788