In 2007, the United States began to experience its worst housing and foreclosure crisis since the Great Depression. In … response, policymakers have been devising foreclosure prevention plans, most of which focus on loan modifications. This article … to combat foreclosure and then briefly summarizes the main U.S. programs of the past few years. By most analyses, the …

economic research documenting foreclosure spillover effects. This article takes a critical look at the recent literature that … physical distance and time. The author suggests that the considerable variation in foreclosure discount and spillover estimates … ; foreclosure spillovers ; negative externalities …