The existing literature on mortgage default and foreclosure largely examines the development of mortgage problems (the first stage) and the possibility of recovery from such problems (the second stage) separately. such studies may provide an incomplete picture of the development and possible...

Even a casual library search clearly indicates that empirical growth studies comprise a significant, and growing, area of interest within the academic literature. In many respects, this strand of literature has been successful in identifying the basic nature of the growth process. By contrast,...

A primary motivation for promoting homeownership is the concept that owner-occupied housing can be an important means of wealth accumulation, particularly for those lower income and minority households that are able to purchase homes. With given data issues, however, it is difficult to assess...