foreclosure and delinquency during the crisis. Our results imply that the regulation in place had the capacity to prevent the …Mortgage companies (MCs) originated about 60% of all mortgages before the 2007 crisis and continue to hold a 30% market … deterioration of lending standards widely blamed for the crisis. The inconsistent enforcement of regulation, though, eroded its …

with search in the housing market and defaultable long-term mortgages. In equilibrium, both sellers' asking prices and time …-to-sell increase with the relative size of their outstanding mortgages. In turn, the liquidity of the housing market associated with …

Home foreclosure rates have risen in the United States to the highest levels since the Great Depression. With house … projected to go even higher. While most of the time a foreclosure is a suboptimal resolution of a distressed mortgage, a number …