homeowners who used subprime mortgages to buy their homes, and estimate how often these borrowers end up in foreclosure. In order … purchase mortgage end up in foreclosure almost 20 percent of the time, or more than 6 times as often as experiences that begin …

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 …

residents. Furthermore, we argue that the particularly dire foreclosure situation in urban neighborhoods actually makes it …

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

In 2007, the United States began to experience its worst housing and foreclosure crisis since the Great Depression. In … response, policymakers have been devising foreclosure prevention plans, most of which focus on loan modifications. This article … to combat foreclosure and then briefly summarizes the main U.S. programs of the past few years. By most analyses, the …

This entry describes the economics of foreclosure with respect to US residential mortgage markets from the perspective …

types of housing debt, they reduce credit card defaults. Foreclosure delays increase default rates for both housing and non …

Due to the rise in foreclosure filings, policymakers are increasingly concerned with helping families in financial … foreclosure polices: (1) judicial foreclosure proceedings, (2) statutory rights of redemption, and (3) statewide foreclosure … policies generally have weak effects. Both judicial foreclosure proceedings and foreclosure prevention initiatives are …