bust and to analyze foreclosure mitigation policy. We consider a dynamic search model in which foreclosures freeze the … the model fit both national and cross-sectional moments better than a model without foreclosure. When calibrated to the …

Midwestern and Northeastern states reflected primarily a high rate of foreclosure per mortgage, not a high volume of mortgages to … as higher credit scores, but may also have weaker incentives to maintain mortgage payments when housing values fall …. During the recent housing boom, the share of mortgage borrowing by non-occupant owners was relatively high in states where …

Ten years after the mortgage crisis, the U.S. housing market has rebounded significantly with house prices now near the …

mortgage crisis, which, in contrast to the preceding housing boom, was not accompanied by a rise in homeownership rates. Using …