| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17666 |
| 来源ID | Working Paper 17666 |
| Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process | |
| Kristopher Gerardi; Lauren Lambie-Hanson; Paul S. Willen | |
| 发表日期 | 2011-12-15 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We evaluate laws designed to protect borrowers from foreclosure. We find that these laws delay but do not prevent foreclosures. We first compare states that require lenders to seek judicial permission to foreclose with states that do not. Borrowers in judicial states are no more likely to cure and no more likely to renegotiate their loans, but the delays lead to a build-up in these states of persistently delinquent borrowers, the vast majority of whom eventually lose their homes. We next analyze a "right-to-cure" law instituted in Massachusetts on May 1, 2008. Using a difference-in-differences approach to evaluate the effect of the policy, we compare Massachusetts with neighboring states that did not adopt similar laws. We find that the right-to-cure law lengthens the foreclosure timeline but does not lead to better outcomes for borrowers. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Other ; Law and Economics ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w17666 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575341 |
| 推荐引用方式 GB/T 7714 | Kristopher Gerardi,Lauren Lambie-Hanson,Paul S. Willen. Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17666.pdf（289KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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