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

We estimate a model of foreclosure using a data set that includes every residential mortgage, purchase-and-sale, and … foreclosure transaction in Massachusetts from 1989 to 2008. We address the identification issues related to the estimation of the … occurred in Massachusetts between 2005 and 2008 and conclude that the foreclosure crisis was primarily driven by the severe …

owned by minority residents. Furthermore, we argue that the particularly dire foreclosure situation in urban neighborhoods …

. 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 …

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 …

homeowners who used subprime mortgages to buy their homes, and estimate how often these borrowers end up in foreclosure. In order … purchase mortgage end up in foreclosure almost 20 percent of the time, or more than 6 times as often as experiences that begin …

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 …

residents. Furthermore, we argue that the particularly dire foreclosure situation in urban neighborhoods actually makes it …