culminates in a discussion of MERS' culpability in fostering the mortgage foreclosure crisis and what the long term effects of … the academic literature. Mortgage Electronic Registration Systems, Inc., commonly referred to as “MERS,” is the recorded … ownership rights of mortgage loans anywhere in the United States. But, it also acts as a proxy for the real parties in interest …

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 …

judicial foreclosure process requirements exert little to no impact on observable mortgage interest rate quotes after … variation in residential mortgage interest rates. More specifically, we find posted rate quotes by lenders are directly related … to measures of foreclosure process risk including the length of time required to complete foreclosure proceedings within …

associated with the liquidation of collateralized debt. Using the mortgage market as a laboratory, we conjecture that lenders …

What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as … instrument, and, as a result, mortgage rates increase and residential investment declines. The monetary policy reaction function …. Without the endogenous monetary policy reaction residential investment increases. House prices and household (mortgage) debt …

Do laws to protect borrowers curb foreclosures? This question is addressed by analysing the impact of foreclosure laws … on default rates at state level in the US mortgage market. Using panel data techniques, we find a statistically … significant effect of regulation on the different stages of the foreclosure process. More precisely, we analyse the effect of …

of such systems in providing certainty of title, and takes a tour through the mortgage foreclosure crisis to see where …