bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market …. Certain provisions of foreclosure laws, such as judicial foreclosure, are associated with a higher level of mortgage defaults …This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to …

financial institution foreclosure activities. This is one of many proposed directives for addressing the current mortgage … local demographic characteristics and state level legislation regulating foreclosure procedures and predatory lending. We … level. We observe significant variation in the rate of foreclosure across states. Those states imposing higher temporal and …

This paper investigates the impact of recourse on the workout process of portfolio commercial mortgage loans. A … generalized model of mortgage workout with stochastic property value appreciation is developed and closed form expressions are …

I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure … debt. I show that the interaction between foreclosure and bankruptcy decisions is crucial for explaining the observed cross … bankruptcy rates but increased foreclosure rates, and that the Home Affordable Refinance Program reduced foreclosures during the …