We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans. …

We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans. …

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 …

We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans. …

mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both … foreclosure rates raise homeowners' probability of foreclosure. We provide estimates of the size of these effects. The paper …

We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans …

their houses in foreclosure, the time between bankruptcy filing and foreclosure sale, and the loss rate for lenders. In … findings. First, about 27.9 percent of filers lost their houses in foreclosure despite filing for bankruptcy. Second, when … payment burdens (that is, instituting mortgage “cramdowns”) will reduce the number of houses that end up in foreclosure. The …