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 …

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

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 …

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

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 …

foreclosure crisis. Research on defaults was advanced both theoretically and empirically by the time the crisis began, but …

foreclosure crisis. Research on defaults was advanced both theoretically and empirically by the time the crisis began, but …

of such systems in providing certainty of title, and takes a tour through the mortgage foreclosure crisis to see where …

for a state with an average home equity exemption, the subprime foreclosure rate after BAR rose 11 percent relative to …

frictions could have reduced the relative foreclosure rate by more than half and resulted in up to twice as fast recovery of …