functions. We measure the impact of foreclosures on new mortgage lending using a panel of all B&Ls in 4 states. The foreclosure …Foreclosures led to severe disruptions in home mortgage lending during the recent Great Recession and the Great … overhang explains about 30 percent of the drop in new mortgage lending by B&Ls as the housing crisis intensified between 1930 …

This paper quantitatively accounts for the cyclical dynamics of key macroeconomic housing and mortgage market variables … using a tractable, searchtheoretic model of housing with equilibrium mortgage default. To explain these dynamics, the model … constraints. During housing busts, longer selling times spill over into higher foreclosure risk, thereby magnifying the response …

As 2014 came to an end so, perhaps, did the worst foreclosure crisis in U.S. history. On January 15, 2015, RealityTrac …, one of the nation's leading reporters of housing data, declared the foreclosure crisis had ended. Whether or not their … five million families lost their homes to foreclosure. Federal, state and local responses to the crisis changed laws and …