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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 …
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This paper assesses the impact of the mortgage crisis on Chelsea, Massachusetts, a low-and moderate income community of 35,000 adjacent to Boston. After years of rapid growth, house prices started falling in 2005. According to our repeat-sales indices, by the end of 2009 prices had fallen by as...
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Analysis of the effects of mortgage foreclosure laws on global economicsAmerica's sub-prime mortgage problems have had … infrastructures for both mortgages and the unconstitutional foreclosure process. The Global Mortgage: International Risk Regulation … foreclosure statues and processes, mortgages and deeds of trust Shows how unconstitutional tax foreclosures and the mortgage …
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, the average foreclosure rate, and the distribution of home-equity ratios across homeowners prior to the recent boom and … show that the model can account for the observed decline in house prices and much of the increase in the foreclosure rate … if two additional forces are taken into account: (i) the lengthening of the time to complete a foreclosure (during which …
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