Housing foreclosure activity in the United States and New England increased dramatically at the beginning of the … major foreclosure prevention policies: foreclosure mediation programs and financial assistance programs. This report reviews … these two foreclosure prevention programs in the New England region. It explores how they are funded, weighs their benefits …

The authors evaluate laws designed to protect borrowers from foreclosure. They find that these laws delay but do not … laws. They find that the right-to-cure law lengthens the foreclosure timeline but does not lead to better outcomes for …

foreclosure. This result is also, contrary to popular belief, completely consistent with economic theory, which predicts that from … the borrower’s perspective, negative equity is a necessary but not a sufficient condition for foreclosure. Our findings … foreclosure. …

the differences in foreclosure rates between securitized and nonsecuritized loans. Second, we argue that early payment … foreclosure rates as a measure of renegotiation and argue that explicitly using modification rates of delinquent mortgages is a …

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be … show, both theoretically and empirically, that the efficiency of foreclosure for investors is a more plausible explanation …

We document the fact that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis started …

complete the foreclosure process, and go to zero about a year after the bank sells the property to a new homeowner. The … shows that policies that slow the transition from delinquency to foreclosure likely exacerbate the negative effect of …