novel micro datasets with near-universal coverage of UK mortgages and employment. I estimate that a reduction in mortgage …-tradable businesses the following year. But the spatial distribution of mortgage and labour market structures resulted in significant …

We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and … the circuit court decisions did not consistently affect mortgage terms. These results suggest that strip-down would be an …