This paper reviews recent research on mortgage default, focusing on the relationship of this research to the recent … foreclosure crisis. Research on defaults was advanced both theoretically and empirically by the time the crisis began, but … explicitly addressing reverse causality between rising foreclosures and falling house prices. Mortgage defaults were also a key …

The housing crisis -- The breakdown of mortgage servicing & loss mitigation -- Zombie mortgages & abandoned properties … -- The benefits & harms of intervention -- Rethinking home : housing post-crisis -- Foreclosure or a more sustainable … mortgage? -- Picking up the pieces & revitalizing neighborhoods -- Where do we go from here? …