Despite the recent flood of foreclosures on residential mortgages, little is known about what happens to borrowers' households after their mortgage has been foreclosed. We study the post-foreclosure experience of U.S. households using a unique dataset based on the credit reports of a large panel...

Frontmatter -- Contents -- Acknowledgments -- Introduction. A Hidden Inequality -- Worlds of Uncertainty -- Chapter 1. Earning -- Chapter 2. Spending -- Chapter 3. Smoothing and Spiking -- How Families Cope -- Chapter 4. Saving -- Chapter 5. Borrowing -- Chapter 6. Sharing -- New Ways of Seeing...