prices fall and the likelihood of foreclosure increases; (2) lenders pursue a strategy of low investment in real estate owned …

-2010 including the Dodd-Frank Act. We show that during this period, the foreclosure starts on delinquent mortgages were delayed in …-committee districts. In these areas, banks delayed the start of the foreclosure process by 0.5 months (relative to the 12-month average … Political Action Committees of the largest mortgage servicing banks to the committee members in that period and is comparable to …