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 …

securitization on the incidence of mortgage modification and foreclosure based on the early-payment default analysis performed by …

the differences in foreclosure rates between securitized and nonsecuritzed loans. Second, we argue that early payment … foreclosure rates as a measure of renegotiation and argue that explicitly using modification rates of delinquent mortgages is a …

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 …

securitization on the incidence of mortgage modification and foreclosure based on the early payment default analysis performed by …

We estimate a model of foreclosure using a data set that includes every residential mortgage, purchase-and-sale, and … foreclosure transaction in Massachusetts from 1989 to 2008. We address the identification issues related to the estimation of the … occurred in Massachusetts between 2005 and 2008 and conclude that the foreclosure crisis was primarily driven by the severe …

This paper examines what happens to mortgages in the subprime mortgage market once foreclosure proceeding are initiated …

foreclosure are victimized through a transfer of ownership and theft of equity. The doctrine of equitable mortgage is a legal … the foreclosure, a sale of the property prior to foreclosure, a refinance, or a reverse annuity mortgage. The net benefit … of a sale to avoid foreclosure is used here by way of illustration and is a practical alternative when the fair market …