that entered foreclosure. The CFPLs had minimal adverse side effects on the availability of mortgage credit for new … time costs of foreclosure. We estimate that the California Foreclosure Prevention Laws (CFPLs) prevented 250,000 California … foreclosures (a 20% reduction) and created $300 billion in housing wealth. The CFPLS boosted mortgage modifications and reduced …

modifications specifically targeted to mortgage relief? The 2007–2012 financial crisis provides a unique opportunity to assess … whether bankruptcy can help homeowners avoid the negative consequences of over-indebtedness and mortgage default. This … empirical study analyzes a large, loan-level mortgage dataset to determine which variables are associated with delinquency and …

The economic destruction of the foreclosure crisis and the Great Recession included not only the 4.5 million families … foreclosure crisis and Great Recession …

The subprime mortgage crisis was not only an economic disaster but posed challenges to traditional rules of property … securities regulation statutes. In addition, U.S. banks greased the wheels of the mortgage securitization process by creating a … privatized mortgage registration system that has undermined the clarity and publicity of property titles. Because of …

mortgage default factors associated with the economic cycle, such as negative equity, completely account for the foreclosure … reinterpretation of the U.S. foreclosure crisis as more of a prime, rather than a subprime, borrower issue. Moreover, traditional …

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 …

Ten years after the mortgage crisis, the U.S. housing market has rebounded significantly with house prices now near the …