. Comparing zip codes close to state borders with differing foreclosure laws, we show that foreclosure propensity and housing … scores, income, or education levels. The increase in foreclosure rates in non-judicial states persists for at least five …

hospital and emergency room visits from four states that were among the hardest hit by the foreclosure crisis. We find that …

sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial …

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

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 …

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and distills some … and empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible … foreclosures than a policy that makes mortgages more "affordable" on a long-term basis …

mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both … are limited and, if they spend less on payments to unsecured lenders, then they have more money to pay their mortgages … foreclosure rates raise homeowners' probability of foreclosure. We provide estimates of the size of these effects. The paper …

functions. We measure the impact of foreclosures on new mortgage lending using a panel of all B&Ls in 4 states. The foreclosure …

: bankruptcy, foreclosure, eviction, and home sale. Rates of these adverse financial events peak around the time of disability … 0.81 percentage point (30 percent), and the likelihood of foreclosure and home sale among homeowners falls by 1 …

. A foreclosure in the same association and at the same address depresses the sale price by 2.5 percent, but properties in … property coming on the market and toward a physical externality as the source of measured foreclosure externalities …