This paper assesses the impact of the mortgage crisis on Chelsea, Massachusetts, a low-and moderate income community of …

. Politicians and commentators often use this explanation to argue that the foreclosure crisis is the result of regulations that … facilitate mortgage access to minorities. Alternatively, lenders could have unfairly forced borrowers from minority areas into …. Holding loan cost constant, I find that foreclosure is lower in minority areas. This evidence is consistent with lenders …

This paper analyzes the impact of the subprime mortgage crisis on urban neighborhoods in Massachusetts. We explore the … topic using a data set that matches race and income information from Home Mortgage Disclosure Act data with property … owned by minority residents. Furthermore, we argue that the particularly dire foreclosure situation in urban neighborhoods …

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and what should be … done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …

deeds-in-lieu of foreclosure, and explains how such liability may be avoided. Also discussed are the rationales for …

This paper takes a skeptical look at a leading argument about what is causing the foreclosure crisis and distills some … mortgage and the lender's subsequent choice whether to renegotiate or "modify" the loan. The theoretical model and econometric … analysis illustrate that "unaffordable" loans, defined as those with high mortgage payments relative to income at origination …

mortgage loans into retirement. Foreclosure rates for all loans have decreased to pre-recession levels for borrowers under age …Economic conditions have improved since the U.S. mortgage market crisis, and home prices have recovered in many areas …. Yet many more older families have taken on greater mortgage debt than in the past, and they are increasingly carrying …

Since the 2008 financial crisis, unprecedented numbers of homes have been lost to foreclosure in the United States, all … that most homeowners in foreclosure are unable to find lawyers to represent them. At the same time, clinical legal … deep need for legal representation by homeowners in foreclosure. Each of us has experience representing homeowners in …

This article reviews the surge in research on mortgage default inspired by the recent foreclosure crisis. Economists … addressing reverse causality between rising foreclosures and falling house prices. Mortgage defaults also featured prominently in … events and negative equity to mortgage default? Second, why is default so rare, even among people with deep negative equity …

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 …