Foreclosure procedures in some states are considerably swifter and less costly for lenders than in others. In light of … the foreclosure crisis, an empirical understanding of the effect of foreclosure procedures on the mortgage market is … critical. This study find that lender-favorable foreclosure procedures are associated with more lending activity in the …

Reconsidering bankruptcy mortgage modifications as one among several solutions to weather the foreclosure crisis …

mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both … foreclosure rates raise homeowners' probability of foreclosure. We provide estimates of the size of these effects …

the time of ARM reset results in a 2.5 percentage rise in the probability of foreclosure in the following year; and that … each foreclosure filing leads to an additional 0.3-0.6 completed foreclosures within a 0.10 mi radius. I emphasize price …

State foreclosure and bankruptcy laws govern the rights of mortgage lenders and borrowers during foreclosure and … laws on the types of mortgages originated. The empirical identification is based on state-level variations in foreclosure … likely to be originated in states with lender-friendly foreclosure laws. Also, higher-risk loans are less likely to be …

We conduct comprehensive analyses on whether and how the judicial foreclosure procedure helps subprime mortgage … borrowers to reinstate their delinquent loans outside foreclosure liquidation. Even though the transition rates of various exit … opportunities for delinquent borrowers to reinstate their loans outside foreclosure liquidation, especially during a housing market …