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 …

marginally higher welfare. Finally, we study longer-run consequences for firm leverage and intermediary health when pandemics …

This paper documents that the time required to initiate and complete a home foreclosure rose from about 9 months on … changes as foreclosure delay. We also document that many borrowers who are in foreclosure ultimately exit foreclosure and keep … their homes by making up for missed mortgage payments. We analyze the impact of foreclosure delay on the U.S. labor market …