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

bankruptcy asset exemptions and mortgage foreclosure laws on mortgage defaults across different segments of the mortgage market …. Certain provisions of foreclosure laws, such as judicial foreclosure, are associated with a higher level of mortgage defaults …This study analyzes whether bankruptcy asset exemptions and state foreclosure laws affect borrowers' decisions to …

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

, committed to pay the mortgage holders the full values of their homes, and retained those homes. In Nobelman, the Court … of their houses, lease the houses for one year, file bankruptcy, and propose mortgage modification plans that pay … mortgage holders the full current values of the houses. This Article argues that despite the artificiality of a move-out with …

. 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 …

Due to the rise in foreclosure filings, policymakers are increasingly concerned with helping families in financial … distress keep their homes. This paper tests the extent to which distressed mortgage borrowers benefit from three types of state … foreclosure polices: (1) judicial foreclosure proceedings, (2) statutory rights of redemption, and (3) statewide foreclosure …

financial institution foreclosure activities. This is one of many proposed directives for addressing the current mortgage … local demographic characteristics and state level legislation regulating foreclosure procedures and predatory lending. We … level. We observe significant variation in the rate of foreclosure across states. Those states imposing higher temporal and …

In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions … mortgages. Bankruptcy and foreclosure similarly may be either substitutes or complements. In fact we show that both … foreclosure rates raise homeowners' probability of foreclosure. We provide estimates of the size of these effects. The paper …

This paper investigates the impact of recourse on the workout process of portfolio commercial mortgage loans. A … generalized model of mortgage workout with stochastic property value appreciation is developed and closed form expressions are …

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