-to-value ratios are the single greatest contributor to re-default and foreclosure. However, any modification that reduces total … payment and interest (P&I) reduces the likelihood of subsequent re-default and foreclosure. Modifications that involve …

their households after their mortgage has been foreclosed. We study the post-foreclosure experience of U.S. households using … a unique dataset based on the credit reports of a large panel of individuals to from 1999 to 2010. Although foreclosure … considerably raises the probability of moving, the majority of post-foreclosure migrants do not end up in substantially less …