This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be … empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible explanation …

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 …

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. …

This article reviews the surge in research on mortgage default inspired by the recent foreclosure crisis. Economists … early papers that pointed to subprime and other privately securitized mortgages as fundamental drivers of the housing boom …

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 …

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be … empirical evidence supporting the hypothesis that the efficiency of foreclosure for investors is a more plausible explanation …

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 …