From 2007 to 2009, states without a judicial requirement for foreclosures were twice as likely
to foreclose on delinquent homeowners. Analysis of borders of states with differing …

Abstract The New Deal during the 1930s was arguably the largest peace-time expansion in
federal government activity in American history. Until recently, there had been very little …

This paper examines how housing market distress affects job search. Using data from a
leading online job search platform during the Great Recession, we find that job seekers in …

We measure the cost of foreclosure delay by estimating time‐related foreclosure costs using
a large national sample of residential mortgages before, during, and after the recent US …

RAFAELI, LLC v. OAKLAND COUNTY 952 NW2d 434 (2020) 505 Mich. 429 RAFAELI, LLC,
and Andre Ohanessian, Plaintiffs-Appellants, v. OAKLAND COUNTY and Andrew Meisner, …

Ten years after the mortgage crisis, the US housing market has rebounded significantly with
house prices now near the peak achieved during the boom. Homeownership rates, on the …

Do lenders securitize or price loans in response to credit risk? Exploiting exogenous
variation in regional credit risk due to foreclosure law differences along US state borders, we …

Laws governing the foreclosure process can have direct consequences for the costs of
foreclosure and, therefore could affect lending decisions. We exploit the heterogeneity in …

We document that banks reduce the supply of mortgage loans when policy uncertainty
increases in their headquarter states as measured by the timing of US gubernatorial …

Foreclosure timelines have lengthened dramatically since the start of the financial crisis,
particularly in states that require judicial review to complete a foreclosure, but also recently …