State foreclosure and bankruptcy laws govern the rights of mortgage lenders and borrowers during foreclosure and … laws on the types of mortgages originated. The empirical identification is based on state-level variations in foreclosure … likely to be originated in states with lender-friendly foreclosure laws. Also, higher-risk loans are less likely to be …

Did securitization exacerbate the foreclosure crisis by altering mortgage servicing practices? I exploit the … unanticipated freeze of private mortgage securitization in 2007 to provide new evidence that securitization increases foreclosure … favoring foreclosure. The evidence implies that securitization significantly increased foreclosure rates during and after the …

We conduct comprehensive analyses on whether and how the judicial foreclosure procedure helps subprime mortgage … borrowers to reinstate their delinquent loans outside foreclosure liquidation. Even though the transition rates of various exit … during a period of up to five years post the mortgage first become 90 days past due, we find that judicial states offer more …

This paper examines what happens to mortgages in the subprime mortgage market once foreclosure proceeding are initiated …

probability of foreclosure. Results suggest that the relationship between these loan features and foreclosure rates is much more …

, balloon loans, and reduced documentation on the probabilities of foreclosure and prepayment. Results indicate that across … cities, reduced documentation is consistently related to higher probabilities of foreclosure, and prepayment penalties are …

An estimated 12.6% of primary mortgage loans were simultaneously originated with a second loan from 2004 until 2008 … will not pursue foreclosure if borrowers have insufficient equity. Lenders of defaulted subordinate debt may revisit their …

Existing research on the foreclosure crisis tends to focus on national trends or on metropolitan areas. Few studies … rural communities face unique challenges in the wake of the foreclosure crisis due to capacity constraints, lack of …